MD Real Estate Exam Practice Questions and
Answers
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Terms in this set (100)
According to Maryland The day of the home inspection
disclosure guidelines,
upon which of the
following events is it NOT
appropriate to give the
buyer the opportunity to
review the seller's
disclosure/disclaimer
statement?
,An administrative law The MREC hearing panel decides whether or not to
judge presided over accept the ALJ's recommendation.
Sabine's misconduct
hearing. Sabine presented
several documents
indicating she was an
excellent licensee,
including notarized
statements from three of
her clients. However, the
ALJ found evidence of
misconduct and
recommended that Sabine
be required to take an
additional three hours of
CE in ethics. What
happens next?
Antonio feels that his Relations to the client
agent did not act in his
best interests when she
waited nearly a week to
present an offer to him.
His agent argues that she
held onto the offer
because it was $15,000
less than list price and she
wanted to see if a better
offer came in before the
weekend. Which section
of the Maryland Code of
Ethics did Antonio's agent
possibly violate?
,Assuming that each of Pedro charges clients a $500 retainer fee when he
these foreclosure signs on to provide foreclosure consultation services.
consultants is properly
licensed, who is violating
the Protection of
Homeowners in
Foreclosure Act?
Assuming that the Clint's former buyer client lost her home to
following individuals only foreclosure. When the lender filed a deficiency
carry a real estate license, judgment against her, Clint advised her how to
who is in violation of the proceed.
foreclosure consultation
parameters set forth in
PHIFA?
Aurelia is a relatively new She must place a retraction in any publication that
salesperson who has been featured her ad.
accused of discriminating
against minorities in her
real estate advertising.
Which of the following is
NOT a possible outcome if
she's found guilty?
, Because Lisa's agent didn't $18,000
inform her that she
needed to pull a permit to
build a deck off the back
of her home, she spent
$11,000 having it installed,
$7,000 having it removed
when the homeowners
association discovered
she didn't pull a permit,
and another $5,000 in
legal fees fighting her
agent in court over it. How
much money is she
entitled to seek from the
Guaranty Fund?
Betsy and Josh want to file Maryland Real Estate Commission
a complaint against a real
estate licensee whom they
feel misrepresented them
in the sale of their
Maryland home. With what
organization can they file
a complaint?
Answers
Save
Terms in this set (100)
According to Maryland The day of the home inspection
disclosure guidelines,
upon which of the
following events is it NOT
appropriate to give the
buyer the opportunity to
review the seller's
disclosure/disclaimer
statement?
,An administrative law The MREC hearing panel decides whether or not to
judge presided over accept the ALJ's recommendation.
Sabine's misconduct
hearing. Sabine presented
several documents
indicating she was an
excellent licensee,
including notarized
statements from three of
her clients. However, the
ALJ found evidence of
misconduct and
recommended that Sabine
be required to take an
additional three hours of
CE in ethics. What
happens next?
Antonio feels that his Relations to the client
agent did not act in his
best interests when she
waited nearly a week to
present an offer to him.
His agent argues that she
held onto the offer
because it was $15,000
less than list price and she
wanted to see if a better
offer came in before the
weekend. Which section
of the Maryland Code of
Ethics did Antonio's agent
possibly violate?
,Assuming that each of Pedro charges clients a $500 retainer fee when he
these foreclosure signs on to provide foreclosure consultation services.
consultants is properly
licensed, who is violating
the Protection of
Homeowners in
Foreclosure Act?
Assuming that the Clint's former buyer client lost her home to
following individuals only foreclosure. When the lender filed a deficiency
carry a real estate license, judgment against her, Clint advised her how to
who is in violation of the proceed.
foreclosure consultation
parameters set forth in
PHIFA?
Aurelia is a relatively new She must place a retraction in any publication that
salesperson who has been featured her ad.
accused of discriminating
against minorities in her
real estate advertising.
Which of the following is
NOT a possible outcome if
she's found guilty?
, Because Lisa's agent didn't $18,000
inform her that she
needed to pull a permit to
build a deck off the back
of her home, she spent
$11,000 having it installed,
$7,000 having it removed
when the homeowners
association discovered
she didn't pull a permit,
and another $5,000 in
legal fees fighting her
agent in court over it. How
much money is she
entitled to seek from the
Guaranty Fund?
Betsy and Josh want to file Maryland Real Estate Commission
a complaint against a real
estate licensee whom they
feel misrepresented them
in the sale of their
Maryland home. With what
organization can they file
a complaint?
