MD CRE TEST PAPER 2025/2026 QUESTIONS WITH
ANSWERS GRADED A+
✔✔Ben and Leslie received their finalized purchase contract on April 10, just moments
after the sellers put their final signatures on it. Ben and Leslie decided that since the
home they're buying was built in 1920, they'd like to have it inspected for lead-based
paint. When is the latest that the couple can have the inspection performed if they want
to be able to back out of the contract? - ✔✔April 20 (10 days)
✔✔Dennis thinks he was discriminated against by a potential landlord in Maryland and
wants to file a complaint. Which entity can he contact to do this? - ✔✔Maryland
Commission on Civil Rights
✔✔What may happen when the Guaranty Fund's balance falls below $250,000? -
✔✔All licensees may be required to pay a nominal fee at renewal time.
✔✔MCCR is made up of _____ governor-appointed members and an ____________
who serve ________-year terms. - ✔✔9, executive director, 6
✔✔Earnest money must be placed in an escrow account within no more than _____
business days after the formation of the contract of sale. - ✔✔7
✔✔The Protection of Homeowners in Foreclosure Act (PHIFA) outlines parameters for
foreclosure consulting services offered to homeowners who are at least ______
delinquent on their mortgage payments - ✔✔PHIFA sets guidelines for foreclosure
consulting services offered to owners who are at least 60 days delinquent on their
mortgage payments. Certain foreclosure consultation services require additional
licensure outside of a typical real estate license.
✔✔In order to qualify as one of the five real estate professional members of the
Maryland Real Estate Commission board, how many years of real estate experience
must you have? - ✔✔10 years
✔✔Shaina has hired Jerry to assist her with finding a new home, and just found out that
his real estate license was revoked. Where can Shaina go to file a complaint against
Jerry? - ✔✔Maryland Real Estate Commission website
✔✔How does a Maryland broker's license renewal differ from a salesperson's license
renewal? - ✔✔Instead of having 4.5 hours of electives, brokers must take three hours of
broker supervision coursework and only 1.5 hours of electives. - Like salespersons,
brokers must also complete 15 hours of CE, but unlike the salesperson renewal
requirements, three of those hours must be in broker supervision (only 1.5 CE hours are
electives).
, ✔✔Chandler is a licensed salesperson in a state that doesn't have a reciprocal
agreement with Maryland. What must he do in order to qualify for licensure in
Maryland? - ✔✔Nonresidents from states with no reciprocal agreement with Maryland
must complete the same requirements for Maryland licensure as other candidates and
submit an "irrevocable consent" form, which allows legal action to be placed on the
licensee in Maryland
✔✔Fatima, a salesperson, is hosting an open house in Annapolis for her seller client
Ramona. Two interested buyers come in, and after Fatima gives them a tour they tell
her they'd like her to represent them in making an offer. Since her seller client has
already consented to dual agency, she gladly offers to represent the buyers and helps
them write an offer right there at the open house, making sure that they also sign a
Consent for Dual Agency form. What's wrong with this scenario? - ✔✔Fatima isn't
permitted to act as a dual agent. Only brokers may act as dual agents. For this scenario
to be legal, Fatima would represent one side of the transaction as an intra-company
agent, and her broker would appoint another licensee in Fatima's brokerage to
represent the other party.
✔✔What item(s) must be included on ALL real estate advertising in Maryland? - ✔✔The
broker's/company's name. All advertising must include the broker's or company's name
as it appears on the licensee's license. A logo alone doesn't suffice. If a salesperson or
associate broker includes their phone number, the broker's number must also be
included.
✔✔In order to qualify as one of the four appointed consumer members of the Maryland
Real Estate Commission, how many years of experience must you have as a real estate
licensee? - ✔✔Zero - CONSUMER members...
✔✔When should a prospective buyer receive a copy of the Maryland Residential
Property Disclosure and Disclaimer Statement? - ✔✔The property disclosure should be
provided to the buyer before or at the time the buyer executes a purchase agreement
with the seller.
✔✔Kavita is hosting her first open house. She's put out some refreshments, some
printouts of the public MLS listing, and a sign-in sheet so she can (hopefully) get some
viable buyer leads from the open house attendees. What other document does she
need to display? - ✔✔Licensees hosting an open house must display an MREC-
mandated notice advising consumers that the licensee represents the seller and
warning visitors not to discuss with the agent anything they wouldn't want the seller to
know.
✔✔For sale signs on ground rent properties that show the price of the property must
also state...? - ✔✔If these signs are used, they must show the full cost of capitalization
in addition to the annual ground rent.
ANSWERS GRADED A+
✔✔Ben and Leslie received their finalized purchase contract on April 10, just moments
after the sellers put their final signatures on it. Ben and Leslie decided that since the
home they're buying was built in 1920, they'd like to have it inspected for lead-based
paint. When is the latest that the couple can have the inspection performed if they want
to be able to back out of the contract? - ✔✔April 20 (10 days)
✔✔Dennis thinks he was discriminated against by a potential landlord in Maryland and
wants to file a complaint. Which entity can he contact to do this? - ✔✔Maryland
Commission on Civil Rights
✔✔What may happen when the Guaranty Fund's balance falls below $250,000? -
✔✔All licensees may be required to pay a nominal fee at renewal time.
✔✔MCCR is made up of _____ governor-appointed members and an ____________
who serve ________-year terms. - ✔✔9, executive director, 6
✔✔Earnest money must be placed in an escrow account within no more than _____
business days after the formation of the contract of sale. - ✔✔7
✔✔The Protection of Homeowners in Foreclosure Act (PHIFA) outlines parameters for
foreclosure consulting services offered to homeowners who are at least ______
delinquent on their mortgage payments - ✔✔PHIFA sets guidelines for foreclosure
consulting services offered to owners who are at least 60 days delinquent on their
mortgage payments. Certain foreclosure consultation services require additional
licensure outside of a typical real estate license.
✔✔In order to qualify as one of the five real estate professional members of the
Maryland Real Estate Commission board, how many years of real estate experience
must you have? - ✔✔10 years
✔✔Shaina has hired Jerry to assist her with finding a new home, and just found out that
his real estate license was revoked. Where can Shaina go to file a complaint against
Jerry? - ✔✔Maryland Real Estate Commission website
✔✔How does a Maryland broker's license renewal differ from a salesperson's license
renewal? - ✔✔Instead of having 4.5 hours of electives, brokers must take three hours of
broker supervision coursework and only 1.5 hours of electives. - Like salespersons,
brokers must also complete 15 hours of CE, but unlike the salesperson renewal
requirements, three of those hours must be in broker supervision (only 1.5 CE hours are
electives).
, ✔✔Chandler is a licensed salesperson in a state that doesn't have a reciprocal
agreement with Maryland. What must he do in order to qualify for licensure in
Maryland? - ✔✔Nonresidents from states with no reciprocal agreement with Maryland
must complete the same requirements for Maryland licensure as other candidates and
submit an "irrevocable consent" form, which allows legal action to be placed on the
licensee in Maryland
✔✔Fatima, a salesperson, is hosting an open house in Annapolis for her seller client
Ramona. Two interested buyers come in, and after Fatima gives them a tour they tell
her they'd like her to represent them in making an offer. Since her seller client has
already consented to dual agency, she gladly offers to represent the buyers and helps
them write an offer right there at the open house, making sure that they also sign a
Consent for Dual Agency form. What's wrong with this scenario? - ✔✔Fatima isn't
permitted to act as a dual agent. Only brokers may act as dual agents. For this scenario
to be legal, Fatima would represent one side of the transaction as an intra-company
agent, and her broker would appoint another licensee in Fatima's brokerage to
represent the other party.
✔✔What item(s) must be included on ALL real estate advertising in Maryland? - ✔✔The
broker's/company's name. All advertising must include the broker's or company's name
as it appears on the licensee's license. A logo alone doesn't suffice. If a salesperson or
associate broker includes their phone number, the broker's number must also be
included.
✔✔In order to qualify as one of the four appointed consumer members of the Maryland
Real Estate Commission, how many years of experience must you have as a real estate
licensee? - ✔✔Zero - CONSUMER members...
✔✔When should a prospective buyer receive a copy of the Maryland Residential
Property Disclosure and Disclaimer Statement? - ✔✔The property disclosure should be
provided to the buyer before or at the time the buyer executes a purchase agreement
with the seller.
✔✔Kavita is hosting her first open house. She's put out some refreshments, some
printouts of the public MLS listing, and a sign-in sheet so she can (hopefully) get some
viable buyer leads from the open house attendees. What other document does she
need to display? - ✔✔Licensees hosting an open house must display an MREC-
mandated notice advising consumers that the licensee represents the seller and
warning visitors not to discuss with the agent anything they wouldn't want the seller to
know.
✔✔For sale signs on ground rent properties that show the price of the property must
also state...? - ✔✔If these signs are used, they must show the full cost of capitalization
in addition to the annual ground rent.
