MD STATE REAL ESTATE PRACTICE
EXAM
Mark lives in Maryland and purchased property in Pennsylvania. His real estate agent
gave him poor advice, which cost him $52,000. Which of the following is true? -
CORRECT ANSWERS ✅✅ -Mark cannot file a claim with Guaranty Fund because
the property purchased was in Pennsylvania.
Maryland salesperson Claire has been licensed for a little over a year. She's a bit of an
overachiever, so she's already completed 12 hours of her required continuing
education. Her broker Darnell's license is renewing on August 28. Claire must make
sure that her license is renewed by ______. - CORRECT ANSWERS ✅✅ -The date
printed on her license.
Seo-yun completed all of her Maryland salesperson licensure requirements and
submitted her documentation and licensing fees to the commission. A few days later,
her broker presented her with her new license. What's wrong with this scenario? -
CORRECT ANSWERS ✅✅ -The license should've also come with a pocket card
Phyllis has learned that the Maryland Real Estate Commission's real estate professional
member from the Eastern Shore is vacating his seat soon. Phyllis has eight years of
experience as a salesperson, and she's lived in Ocean City for six years. What else
does Phyllis need in order to secure her nomination by the governor? - CORRECT
ANSWERS ✅✅ -At least two more years of real estate experience
The Maryland Real Estate Commission creates several hearing panels consisting of
how many members each? - CORRECT ANSWERS ✅✅ -3
If a license expires due to nonrenewal, it must be reinstated within what time period? -
CORRECT ANSWERS ✅✅ -Within three years
In Maryland, which type(s) of licensee must take 15 hours of continuing education every
renewal cycle? - CORRECT ANSWERS ✅✅ -Brokers, associate brokers, and
salespersons
Aurelia is a relatively new salesperson who has been accused of discriminating against
minorities in her real estate advertising. Which of the following is NOT a possible
outcome if she's found guilty?
1. Her license and her broker's licenses are suspended for 15 days.
, 2. She has to pay a $5,000 fine.
3. She must place a retraction in any publication that featured her ad.
4. She's required to take additional fair housing classes. - CORRECT ANSWERS ✅✅
-She must place a retraction in any publication that featured her ad.
In Maryland, how and when must you present the Consent for Dual agency form to the
seller? - CORRECT ANSWERS ✅✅ -As part of the continuing listing agreement and
again if a dual agency situation arises and you need the seller to reaffirm her consent
Ron prides himself on providing his buyer clients with consistently stellar representation.
His latest buyer client, Tammy, is purchasing a fixer-upper on Walnut Street, just a
stone's throw from the railroad tracks. What's Ron's responsibility regarding making
sure Tammy is informed about the property's condition? - CORRECT ANSWERS ✅✅
-Ron should make sure that Tammy understands her rights and obligations regarding
the property disclosure/disclaimer statement
Charlotte, an associate broker, has finally saved up enough of her commission earnings
to buy an ocean front condo in Ocean City. Assuming that she's made all of the
necessary disclosures and included all the necessary paperwork with her offer, what do
we know she sent to the seller's agent? - CORRECT ANSWERS ✅✅ -A disclosure
that she's a real estate licensee
Stanley, a broker, received notice from the Maryland Real Estate Commission that it
was summarily suspending his license. What's the most likely reason that his license
was immediately suspended? - CORRECT ANSWERS ✅✅ -He didn't provide the
commission with the trust account records
Shelby listed her seller client's condo on April 4. It went under contract May 16. That
contract fell through on May 29. The listing agreement expired on July 4, with no other
offers or contracts. On what date does the five-year record-retention clock start ticking?
- CORRECT ANSWERS ✅✅ -July 4
Linda is the sponsoring broker at Gardner Homes. Which of the following best describes
what happens with her license? - CORRECT ANSWERS ✅✅ -Linda displays her
license at Gardner Homes
Which one of the following choices is not protected by federal or Maryland fair housing
law protected by local ordnances in Maryland? - CORRECT ANSWERS ✅✅ -Age
Mike's a busy listing broker. Luna, one of his associated licensees, had a complaint filed
against her. Mike was busy with his own clients, and the commission's response
deadline came and went without him noticing. The following week Mike received a new
complaint—this time, against him. What is the new complaint likely about? - CORRECT
ANSWERS ✅✅ -He failed to cooperate with the commission in its investigation
EXAM
Mark lives in Maryland and purchased property in Pennsylvania. His real estate agent
gave him poor advice, which cost him $52,000. Which of the following is true? -
CORRECT ANSWERS ✅✅ -Mark cannot file a claim with Guaranty Fund because
the property purchased was in Pennsylvania.
Maryland salesperson Claire has been licensed for a little over a year. She's a bit of an
overachiever, so she's already completed 12 hours of her required continuing
education. Her broker Darnell's license is renewing on August 28. Claire must make
sure that her license is renewed by ______. - CORRECT ANSWERS ✅✅ -The date
printed on her license.
Seo-yun completed all of her Maryland salesperson licensure requirements and
submitted her documentation and licensing fees to the commission. A few days later,
her broker presented her with her new license. What's wrong with this scenario? -
CORRECT ANSWERS ✅✅ -The license should've also come with a pocket card
Phyllis has learned that the Maryland Real Estate Commission's real estate professional
member from the Eastern Shore is vacating his seat soon. Phyllis has eight years of
experience as a salesperson, and she's lived in Ocean City for six years. What else
does Phyllis need in order to secure her nomination by the governor? - CORRECT
ANSWERS ✅✅ -At least two more years of real estate experience
The Maryland Real Estate Commission creates several hearing panels consisting of
how many members each? - CORRECT ANSWERS ✅✅ -3
If a license expires due to nonrenewal, it must be reinstated within what time period? -
CORRECT ANSWERS ✅✅ -Within three years
In Maryland, which type(s) of licensee must take 15 hours of continuing education every
renewal cycle? - CORRECT ANSWERS ✅✅ -Brokers, associate brokers, and
salespersons
Aurelia is a relatively new salesperson who has been accused of discriminating against
minorities in her real estate advertising. Which of the following is NOT a possible
outcome if she's found guilty?
1. Her license and her broker's licenses are suspended for 15 days.
, 2. She has to pay a $5,000 fine.
3. She must place a retraction in any publication that featured her ad.
4. She's required to take additional fair housing classes. - CORRECT ANSWERS ✅✅
-She must place a retraction in any publication that featured her ad.
In Maryland, how and when must you present the Consent for Dual agency form to the
seller? - CORRECT ANSWERS ✅✅ -As part of the continuing listing agreement and
again if a dual agency situation arises and you need the seller to reaffirm her consent
Ron prides himself on providing his buyer clients with consistently stellar representation.
His latest buyer client, Tammy, is purchasing a fixer-upper on Walnut Street, just a
stone's throw from the railroad tracks. What's Ron's responsibility regarding making
sure Tammy is informed about the property's condition? - CORRECT ANSWERS ✅✅
-Ron should make sure that Tammy understands her rights and obligations regarding
the property disclosure/disclaimer statement
Charlotte, an associate broker, has finally saved up enough of her commission earnings
to buy an ocean front condo in Ocean City. Assuming that she's made all of the
necessary disclosures and included all the necessary paperwork with her offer, what do
we know she sent to the seller's agent? - CORRECT ANSWERS ✅✅ -A disclosure
that she's a real estate licensee
Stanley, a broker, received notice from the Maryland Real Estate Commission that it
was summarily suspending his license. What's the most likely reason that his license
was immediately suspended? - CORRECT ANSWERS ✅✅ -He didn't provide the
commission with the trust account records
Shelby listed her seller client's condo on April 4. It went under contract May 16. That
contract fell through on May 29. The listing agreement expired on July 4, with no other
offers or contracts. On what date does the five-year record-retention clock start ticking?
- CORRECT ANSWERS ✅✅ -July 4
Linda is the sponsoring broker at Gardner Homes. Which of the following best describes
what happens with her license? - CORRECT ANSWERS ✅✅ -Linda displays her
license at Gardner Homes
Which one of the following choices is not protected by federal or Maryland fair housing
law protected by local ordnances in Maryland? - CORRECT ANSWERS ✅✅ -Age
Mike's a busy listing broker. Luna, one of his associated licensees, had a complaint filed
against her. Mike was busy with his own clients, and the commission's response
deadline came and went without him noticing. The following week Mike received a new
complaint—this time, against him. What is the new complaint likely about? - CORRECT
ANSWERS ✅✅ -He failed to cooperate with the commission in its investigation
