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MD State Practice Exam Questions & Answers Solved 100%
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4
February 2024
2023/2024
A+
When a payment is made on your behalf from the Guaranty Fund, what happens to your real estate license? - Answer It is suspended
Peter represents an owner who's selling an investment property. The property is listed at $245,000, which Peter knows is too high. He encourages his business partner, Mel, to offer $235,000 and convinces the seller to take it. After closing, Peter and Mel flip the house and make a handsome profit. What illegal activity has Peter engaged in? - Answer Self-Dealing
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