MD SALES PERSON PRACTICE EXAM
QUESTIONS AND ANSWERS
In Maryland, which of the following is exempt from continuing education? - CORRECT
ANSWERS ✅✅ -None
What must be clear (in a visible way) for an advertisement, according to Maryland Real
Estate Law? - CORRECT ANSWERS ✅✅ -The Brokerage's Name
How often is continuing education required for Maryland Real Estate Agents or
Brokers? - CORRECT ANSWERS ✅✅ -Once every two years
Maryland law indicates that an agent must give a client or potential client the
"Understanding Whom Real Estate Agents Represent" form no later than: - CORRECT
ANSWERS ✅✅ -The first scheduled face-to-face meeting.
A Maryland broker can function as which of the following? - CORRECT ANSWERS
✅✅ -A partnership
A sole proprietorship
A corporation or limited liability company
All of the above
If the Commission orders payment by the Guaranty Fund of a claim based on an act or
omission the licensee's licensee is then - CORRECT ANSWERS ✅✅ -suspended.
Which of the following may receive compensation from the Maryland Real Estate
Guarantee Fund? - CORRECT ANSWERS ✅✅ -A seller who pays a commission to
a broker under false pretenses.
The Maryland Real Estate Code of Ethics requires which of the following? - CORRECT
ANSWERS ✅✅ -Property owners consent before putting a for sale sign on a property
What is the time limit to request payment from the Maryland Real Estate Guarantee
Fund? - CORRECT ANSWERS ✅✅ -3 years from the loss or discovery of the loss
Any Maryland real estate agent wishing to their own sell property must: - CORRECT
ANSWERS ✅✅ -Disclose their license status in the advertisement.
Law requires that brokers deposit funds no later than: - CORRECT ANSWERS ✅✅ -
the 7th business day
QUESTIONS AND ANSWERS
In Maryland, which of the following is exempt from continuing education? - CORRECT
ANSWERS ✅✅ -None
What must be clear (in a visible way) for an advertisement, according to Maryland Real
Estate Law? - CORRECT ANSWERS ✅✅ -The Brokerage's Name
How often is continuing education required for Maryland Real Estate Agents or
Brokers? - CORRECT ANSWERS ✅✅ -Once every two years
Maryland law indicates that an agent must give a client or potential client the
"Understanding Whom Real Estate Agents Represent" form no later than: - CORRECT
ANSWERS ✅✅ -The first scheduled face-to-face meeting.
A Maryland broker can function as which of the following? - CORRECT ANSWERS
✅✅ -A partnership
A sole proprietorship
A corporation or limited liability company
All of the above
If the Commission orders payment by the Guaranty Fund of a claim based on an act or
omission the licensee's licensee is then - CORRECT ANSWERS ✅✅ -suspended.
Which of the following may receive compensation from the Maryland Real Estate
Guarantee Fund? - CORRECT ANSWERS ✅✅ -A seller who pays a commission to
a broker under false pretenses.
The Maryland Real Estate Code of Ethics requires which of the following? - CORRECT
ANSWERS ✅✅ -Property owners consent before putting a for sale sign on a property
What is the time limit to request payment from the Maryland Real Estate Guarantee
Fund? - CORRECT ANSWERS ✅✅ -3 years from the loss or discovery of the loss
Any Maryland real estate agent wishing to their own sell property must: - CORRECT
ANSWERS ✅✅ -Disclose their license status in the advertisement.
Law requires that brokers deposit funds no later than: - CORRECT ANSWERS ✅✅ -
the 7th business day
