Maryland State Exam with All Correct & 100% Verified
Answers| Actual Complete Exam| Already Graded A+
Faith has started creating her own advertising, but is looking for some guidance on what is and isn't
allowed. She's checked state and federal laws, commission regulations, as well as the National
Association of REALTORS® Code of Ethics. Where else can she look for reliable information?
✔Correct Answer--Brokerage policy manual
Roger Kelly is signing a listing contract with a client. Which of the following is an acceptable signature
on the document? ✔Correct Answer--Roger Kelly"
Which of these policies is an example of discrimination based on familial status? ✔Correct
Answer--A maximum of two adults and up to three children are allowed in each three-bedroom
apartment.
Which of the following statements about latent defects is true? ✔Correct Answer--Any party to a
real estate sales transaction who has knowledge of latent defects must disclose them
You're the listing agent for a property where an unfortunate series of deaths took place. Which
action best demonstrates good faith related to the disclosure of these events? ✔Correct Answer--
You tell prospective buyers the truth about the events when asked.
In Maryland, when HUD receives a discrimination complaint, it forwards this complaint to what
organization? ✔Correct Answer--Maryland Commission on Civil Rights
Members of the Maryland Real Estate Commission serve terms of how many years? ✔Correct
Answer--four
You make a listing presentation to a client, then learn she's meeting with a few more licensees before
deciding which licensee gets her listing. You know these competitors. Which action best
demonstrates good faith? ✔Correct Answer--you tell the seller you hope she'll decide to work with
you.
What happens to ethical complaints about licensees once they are received by the Department of
Labor, Licensing and Regulation? ✔Correct Answer--Each complaint is reviewed to determine
whether it falls within the commission's jurisdiction.
Jennifer is a new licensee in Baltimore City, Maryland. In order to abide by fair housing laws, Jennifer
must avoid discriminating against members of which of the following protected classes? ✔Correct
Answer--Federal-, Maryland-, and Baltimore City-protected classes
Which of the following classes are not protected by federal or Maryland fair housing law, but may be
protected by local ordinances in Maryland? ✔Correct Answer--Age and lawful income
What types of misrepresentation exist? ✔Correct Answer--Positive and unintentional
Misrepresentation can be either positive or unintentional.
Which of the following is/are illegal? ✔Correct Answer--Both disparate impact and disparate
treatment
,Which of the following is true of the harm caused to a person relying on false information?
✔Correct Answer--The harm can be physical or monetary.
The harm caused to someone relying on false information can be physical or monetary.
Don, a Maryland licensee, helped Peggy find a home she loved, but there was a sinkhole in the
backyard. The seller's agent, Roger, told Don that he and the seller were aware of the sinkhole and it
would be repaired. What is Don's ethical responsibility in this case? ✔Correct Answer--Document
the information from Roger that the seller was aware of the sinkhole and would repair it.
Samuel, a newly licensed salesperson, just received his pocket card. When is Samuel required to
carry the pocket card with him? ✔Correct Answer--At all times when conducting business
The amount of earnest money is negotiable between the parties, but it must be considered ______.
✔Correct Answer--"reasonable"
The amount of earnest money is negotiable between the parties, but it must be considered
"reasonable."
Mark is the listing agent for a home owned by the Browns. At the open house, a colleague, Brandon,
indicates that he has a buyer for the Browns' home. Mark has had numerous interactions with
Brandon on other listings, and found that they don't get along. He really doesn't want to work with
him on this deal. In order to behave ethically, what can Mark do? ✔Correct Answer--Cooperate
with Brandon because it's in the best interest of his clients.
For Sale signs on ground rent properties which show the price of the property must also state which
of the following? ✔Correct Answer--Annual ground rent plus the full cost of capitalization
If these signs are used, they must show the full cost of capitalization in addition to the annual ground
rent.
Which of the following statements about earnest money is true? ✔Correct Answer--Earnest money
must be placed in an escrow account within no more than seven business days after the formation of
the contract of sale.
What's an agent's responsibility related to home inspections? ✔Correct Answer--To recommend a
buyer have a professional inspection performed
In Maryland, how many hours of approved real estate courses must an individual complete before
taking the real estate salesperson exam? ✔Correct Answer--60
In order to maintain the Guaranty Fund, new Maryland licensees pay a one-time fee of ______ into
the fund. ✔Correct Answer--$20
Linda is the sponsoring broker at Gardner Homes. Which of the following best describes what
happens with her license? ✔Correct Answer--Linda displays her license at Gardner Homes.
In Maryland, unless a prior business relationship exists, it is illegal to commercially solicit using what
means? ✔Correct Answer--Fax machine
Which of the following is true about positive misrepresentation? ✔Correct Answer--A principal was
harmed by the misstatement.
,There are four elements to positive misrepresentation: a false statement must have been made, the
person stating it (e.g., the agent) must have known the statement to be false, and another person
(e.g., a principal) must have relied on and been harmed by the misstatement.
Which action could temporarily stop a foreclosure? ✔Correct Answer--Borrower declaring
bankruptcy
Daniel has several properties listed around town. He receives a call from a prospective buyer who is
very interested in one of the properties and wants to schedule a showing. What should Daniel do?
✔Correct Answer--Disclose his agency relationship with the seller to the prospective buyer.
New Maryland licensees pay a fee into the Guaranty Fund to help maintain it. What is the amount of
the fee? ✔Correct Answer--$20
Jim would like to sell his own home. What is the minimum real estate license he must possess?
✔Correct Answer--none
Which of these is an example of a material fact? ✔Correct Answer--The seller would not have
accepted an offer had he or she known the fact.
A material fact would cause a reasonable person to not take an action that would otherwise be
taken, or take an action that would otherwise not be taken. So, a seller may not have accepted an
offer had he or she known the fact.
Which of the following describes Maryland? ✔Correct Answer--Lien theory state
A property is listed as having four bedrooms and two-and-a-half bathrooms. However, when showing
your buyer clients the property, you only count three bedrooms. As their agent, what should you do
as part of your due diligence? ✔Correct Answer--investigate the discrepancy
What must a licensee do when preparing a CMA (or opinion of price) for a consumer? ✔Correct
Answer--disclose that it is not an appraisal
How many consumer members must be on the Maryland Real Estate Commission? ✔Correct
Answer--four
Ruthe lost her job last year, and she's fallen three months behind on the mortgage payments for her
Baltimore home. She seeks the services of Chuck, a foreclosure consultant. Chuck charges Ruthe
$1,000 up front, then disappears and fails to return Ruthe's calls. PHIFA permits Ruthe to ______.
✔Correct Answer--Bring a private legal action against Chuck to recover up to $3,000, as well as
reasonable attorney's fees
Maryland Real Estate Commission hearings are ______. ✔Correct Answer--public
Jay has a listing agreement with Maury. Even if Maury finds the buyer during the listing term, Jay has
earned his listing commission. What type of listing agreement do they have? ✔Correct Answer--
exclusive right to sell
provides the most assurance of commission to the listing agent.
The Maryland Commission on Civil Rights consists of how many members? ✔Correct Answer--Nine
The MCCR consists of nine members and an executive director appointed by the governor.
, Which of the following statements is true of a material fact? ✔Correct Answer--A material fact
would cause a reasonable person to either act or not act, if that fact were known.
Betsy and Josh want to file 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?
✔Correct Answer--Maryland Real estate commission
A real estate license is required ______. ✔Correct Answer--When performing real estate activities
for others, for compensation of any kind
Chester is interested in becoming a real estate licensee in Maryland. After completing the
requirements for obtaining the license for a real estate salesperson, which agency will administer
Chester's license? ✔Correct Answer--Maryland Real Estate Commission
Maryland consumers may file complaints about a licensee with what organization? ✔Correct
Answer--Maryland Real Estate Commission
When a policy negatively impacts a protected class more than it negatively impacts others, this is
called what? ✔Correct Answer--Disparate impact
When actions or policies cause greater negative consequences for a protected class than for others,
it's called disparate impact.
______ must abide by the Code of Ethics enforced by the Maryland Real Estate Commission.
✔Correct Answer--all maryland real estate licensees
What group determines if a complaint made to the Maryland Real Estate Commission has merit and
should be investigated? ✔Correct Answer--hearing panel
You should ______ before you affiliate with a broker. ✔Correct Answer--ask lots of questions
______ enforces the Code of Ethics. ✔Correct Answer--The Maryland Real Estate Comission
A Maryland licensee is recommending home inspectors to her buyer clients. What do MREC
regulations require her to do when providing her clients with a list of recommended service
providers? ✔Correct Answer--Provide the date that she last verified the license status of each
service provider
In Maryland, how often must a real estate salesperson renew their license? ✔Correct Answer--
every two years
Isabelle just took on a new listing, in which the owner is selling because a new freeway is being built
right behind the house. The owner is concerned about the noise and other activity the freeway will
bring, but doesn't want prospective buyers to know this. Which action best demonstrates good faith
in this scenario? ✔Correct Answer--Isabelle tells the owner that this is a material fact related to the
property that must be disclosed to prospective buyers, or Isabelle will not take the listing.
In Maryland, the agency disclosure notice ______. ✔Correct Answer--is required by law
Although required by law, the agency disclosure notice is not a contract, and it does not create a
brokerage relationship. The licensee must provide a written disclosure to any party the licensee does
not represent in the transaction.
Answers| Actual Complete Exam| Already Graded A+
Faith has started creating her own advertising, but is looking for some guidance on what is and isn't
allowed. She's checked state and federal laws, commission regulations, as well as the National
Association of REALTORS® Code of Ethics. Where else can she look for reliable information?
✔Correct Answer--Brokerage policy manual
Roger Kelly is signing a listing contract with a client. Which of the following is an acceptable signature
on the document? ✔Correct Answer--Roger Kelly"
Which of these policies is an example of discrimination based on familial status? ✔Correct
Answer--A maximum of two adults and up to three children are allowed in each three-bedroom
apartment.
Which of the following statements about latent defects is true? ✔Correct Answer--Any party to a
real estate sales transaction who has knowledge of latent defects must disclose them
You're the listing agent for a property where an unfortunate series of deaths took place. Which
action best demonstrates good faith related to the disclosure of these events? ✔Correct Answer--
You tell prospective buyers the truth about the events when asked.
In Maryland, when HUD receives a discrimination complaint, it forwards this complaint to what
organization? ✔Correct Answer--Maryland Commission on Civil Rights
Members of the Maryland Real Estate Commission serve terms of how many years? ✔Correct
Answer--four
You make a listing presentation to a client, then learn she's meeting with a few more licensees before
deciding which licensee gets her listing. You know these competitors. Which action best
demonstrates good faith? ✔Correct Answer--you tell the seller you hope she'll decide to work with
you.
What happens to ethical complaints about licensees once they are received by the Department of
Labor, Licensing and Regulation? ✔Correct Answer--Each complaint is reviewed to determine
whether it falls within the commission's jurisdiction.
Jennifer is a new licensee in Baltimore City, Maryland. In order to abide by fair housing laws, Jennifer
must avoid discriminating against members of which of the following protected classes? ✔Correct
Answer--Federal-, Maryland-, and Baltimore City-protected classes
Which of the following classes are not protected by federal or Maryland fair housing law, but may be
protected by local ordinances in Maryland? ✔Correct Answer--Age and lawful income
What types of misrepresentation exist? ✔Correct Answer--Positive and unintentional
Misrepresentation can be either positive or unintentional.
Which of the following is/are illegal? ✔Correct Answer--Both disparate impact and disparate
treatment
,Which of the following is true of the harm caused to a person relying on false information?
✔Correct Answer--The harm can be physical or monetary.
The harm caused to someone relying on false information can be physical or monetary.
Don, a Maryland licensee, helped Peggy find a home she loved, but there was a sinkhole in the
backyard. The seller's agent, Roger, told Don that he and the seller were aware of the sinkhole and it
would be repaired. What is Don's ethical responsibility in this case? ✔Correct Answer--Document
the information from Roger that the seller was aware of the sinkhole and would repair it.
Samuel, a newly licensed salesperson, just received his pocket card. When is Samuel required to
carry the pocket card with him? ✔Correct Answer--At all times when conducting business
The amount of earnest money is negotiable between the parties, but it must be considered ______.
✔Correct Answer--"reasonable"
The amount of earnest money is negotiable between the parties, but it must be considered
"reasonable."
Mark is the listing agent for a home owned by the Browns. At the open house, a colleague, Brandon,
indicates that he has a buyer for the Browns' home. Mark has had numerous interactions with
Brandon on other listings, and found that they don't get along. He really doesn't want to work with
him on this deal. In order to behave ethically, what can Mark do? ✔Correct Answer--Cooperate
with Brandon because it's in the best interest of his clients.
For Sale signs on ground rent properties which show the price of the property must also state which
of the following? ✔Correct Answer--Annual ground rent plus the full cost of capitalization
If these signs are used, they must show the full cost of capitalization in addition to the annual ground
rent.
Which of the following statements about earnest money is true? ✔Correct Answer--Earnest money
must be placed in an escrow account within no more than seven business days after the formation of
the contract of sale.
What's an agent's responsibility related to home inspections? ✔Correct Answer--To recommend a
buyer have a professional inspection performed
In Maryland, how many hours of approved real estate courses must an individual complete before
taking the real estate salesperson exam? ✔Correct Answer--60
In order to maintain the Guaranty Fund, new Maryland licensees pay a one-time fee of ______ into
the fund. ✔Correct Answer--$20
Linda is the sponsoring broker at Gardner Homes. Which of the following best describes what
happens with her license? ✔Correct Answer--Linda displays her license at Gardner Homes.
In Maryland, unless a prior business relationship exists, it is illegal to commercially solicit using what
means? ✔Correct Answer--Fax machine
Which of the following is true about positive misrepresentation? ✔Correct Answer--A principal was
harmed by the misstatement.
,There are four elements to positive misrepresentation: a false statement must have been made, the
person stating it (e.g., the agent) must have known the statement to be false, and another person
(e.g., a principal) must have relied on and been harmed by the misstatement.
Which action could temporarily stop a foreclosure? ✔Correct Answer--Borrower declaring
bankruptcy
Daniel has several properties listed around town. He receives a call from a prospective buyer who is
very interested in one of the properties and wants to schedule a showing. What should Daniel do?
✔Correct Answer--Disclose his agency relationship with the seller to the prospective buyer.
New Maryland licensees pay a fee into the Guaranty Fund to help maintain it. What is the amount of
the fee? ✔Correct Answer--$20
Jim would like to sell his own home. What is the minimum real estate license he must possess?
✔Correct Answer--none
Which of these is an example of a material fact? ✔Correct Answer--The seller would not have
accepted an offer had he or she known the fact.
A material fact would cause a reasonable person to not take an action that would otherwise be
taken, or take an action that would otherwise not be taken. So, a seller may not have accepted an
offer had he or she known the fact.
Which of the following describes Maryland? ✔Correct Answer--Lien theory state
A property is listed as having four bedrooms and two-and-a-half bathrooms. However, when showing
your buyer clients the property, you only count three bedrooms. As their agent, what should you do
as part of your due diligence? ✔Correct Answer--investigate the discrepancy
What must a licensee do when preparing a CMA (or opinion of price) for a consumer? ✔Correct
Answer--disclose that it is not an appraisal
How many consumer members must be on the Maryland Real Estate Commission? ✔Correct
Answer--four
Ruthe lost her job last year, and she's fallen three months behind on the mortgage payments for her
Baltimore home. She seeks the services of Chuck, a foreclosure consultant. Chuck charges Ruthe
$1,000 up front, then disappears and fails to return Ruthe's calls. PHIFA permits Ruthe to ______.
✔Correct Answer--Bring a private legal action against Chuck to recover up to $3,000, as well as
reasonable attorney's fees
Maryland Real Estate Commission hearings are ______. ✔Correct Answer--public
Jay has a listing agreement with Maury. Even if Maury finds the buyer during the listing term, Jay has
earned his listing commission. What type of listing agreement do they have? ✔Correct Answer--
exclusive right to sell
provides the most assurance of commission to the listing agent.
The Maryland Commission on Civil Rights consists of how many members? ✔Correct Answer--Nine
The MCCR consists of nine members and an executive director appointed by the governor.
, Which of the following statements is true of a material fact? ✔Correct Answer--A material fact
would cause a reasonable person to either act or not act, if that fact were known.
Betsy and Josh want to file 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?
✔Correct Answer--Maryland Real estate commission
A real estate license is required ______. ✔Correct Answer--When performing real estate activities
for others, for compensation of any kind
Chester is interested in becoming a real estate licensee in Maryland. After completing the
requirements for obtaining the license for a real estate salesperson, which agency will administer
Chester's license? ✔Correct Answer--Maryland Real Estate Commission
Maryland consumers may file complaints about a licensee with what organization? ✔Correct
Answer--Maryland Real Estate Commission
When a policy negatively impacts a protected class more than it negatively impacts others, this is
called what? ✔Correct Answer--Disparate impact
When actions or policies cause greater negative consequences for a protected class than for others,
it's called disparate impact.
______ must abide by the Code of Ethics enforced by the Maryland Real Estate Commission.
✔Correct Answer--all maryland real estate licensees
What group determines if a complaint made to the Maryland Real Estate Commission has merit and
should be investigated? ✔Correct Answer--hearing panel
You should ______ before you affiliate with a broker. ✔Correct Answer--ask lots of questions
______ enforces the Code of Ethics. ✔Correct Answer--The Maryland Real Estate Comission
A Maryland licensee is recommending home inspectors to her buyer clients. What do MREC
regulations require her to do when providing her clients with a list of recommended service
providers? ✔Correct Answer--Provide the date that she last verified the license status of each
service provider
In Maryland, how often must a real estate salesperson renew their license? ✔Correct Answer--
every two years
Isabelle just took on a new listing, in which the owner is selling because a new freeway is being built
right behind the house. The owner is concerned about the noise and other activity the freeway will
bring, but doesn't want prospective buyers to know this. Which action best demonstrates good faith
in this scenario? ✔Correct Answer--Isabelle tells the owner that this is a material fact related to the
property that must be disclosed to prospective buyers, or Isabelle will not take the listing.
In Maryland, the agency disclosure notice ______. ✔Correct Answer--is required by law
Although required by law, the agency disclosure notice is not a contract, and it does not create a
brokerage relationship. The licensee must provide a written disclosure to any party the licensee does
not represent in the transaction.
