MARYLAND REAL ESTATE EXAM QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GUARANTEED A+

MARYLAND REAL ESTATE EXAM QUESTIONS
AND 100% CORRECT ANSWERS|LATEST
2025/2026|GUARANTEED A+

Which of the following does NOT end presumed buyer representation? -
B B B B B B B B B B



ANSWER
B The licensee working with prospects fails to present a disclosure of represent
B B B B B B B B B B B



ation form B




Does Maryland have dower laws? - ANSWER
B B B B B B no



Dual agency is permitted only in brokerage firms consisting of three or more licensee -
B B B B B B B B B B B B B B



B ANSWER true in marylandB B




In which of the following situations does an act of real estate brokerage require a real estate br
B B B B B B B B B B B B B B B B B



okerage license? - B B



ANSWER
B A person charges a modest consulting fee to guide his friend in the sale of a h
B B B B B B B B B B B B B B B B



ome



Which is not necessary for a valid contract? - ANSWER
B B B B B B B B B due date B




Licensees do NOT need to do which of the following to be "qualified real estate agents" and be
B B B B B B B B B B B B B B B B B



eligible to use Schedule C-Self-Employed when filing federal tax returns? -
B B B B B B B B B B B



B ANSWER Be free from their broker's control of how their work is done
B B B B B B B B B B B




Which is TRUE of employees of the Commission? -
B B B B B B B B



B ANSWER They include an executive director and field inspectors
B B B B B B B




cooperating agents - ANSWER - B B B



A cooperating agent who brings in a buyer has fiduciary duties to the seller/owner
B B B B B B B B B B B B B




- Cooperating agents can represent the buyer
B B B B B B




-Cooperating agents are sub-agents of the listing brokerB B B B B B B




1
Wicky

, After getting a license, how often must you take Continuing Education classes? -
B B B B B B B B B B B B



B ANSWER every 2 years - 15 hours
B B B B B




Where does fees paid for by Maryland real estate licenses go? -
B B B B B B B B B B B



B ANSWER The State Real Estate Commission Fund
B B B B B




What term means "going to the state?" - ANSWER
B B B B B B B B escheat



Who can hold standard licenses to provide Maryland residential real estate brokerage services
B B B B B B B B B B B B



? - ANSWER
B B individuals



What is required by law on any outdoor sign or advertisement displayed on property for sale s
B B B B B B B B B B B B B B B B



ubject to ground rent? -B B B B



ANSWER
B If the sign shows the price, it must also show ground rent and cost of capitaliz
B B B B B B B B B B B B B B B



ation in lettering no smaller than the lettering used for the price
B B B B B B B B B B B




An unlicensed person improperly collecting a real estate commission is guilty of -
B B B B B B B B B B B B



B ANSWER A misdemeanor
B




What is homestead protection? -
B B B B



ANSWER
B The status provided to a home owner's principal residence that protects the h
B B B B B B B B B B B B



ome against judgement up to a specified amount.
B B B B B B B




Does Maryland have homestead laws? - ANSWER
B B B B B B no



A broker who represents both buyer and seller in the same transaction must appoint two intra
B B B B B B B B B B B B B B B



-company agents. - ANSWER B B B true




2
Wicky