MARYLAND REAL ESTATE LAW PRACTICE TEST QUESTIONS AND ANSWERS
A broker is appointed to sell a property through an exclusive-right-to-sell listing contract. The broker will
be entitled to a commission:
a. only if the broker or one of her salespeople sells the property
b. if the property is sold during the listing period
c. only if the property is sold by the broker or the owner
d. only if the sale is made by a multiple-listing partner - (ANSWER)b. if the property is sold during the
listing period
A broker need not notify the Commission:
a. when any salesperson resigns
b. when there is a change in the location of the broker's office
c. when there is a change in the name of the broker's commission
d. of a change in percentage of commission sharing within the office - (ANSWER)d. of a change in
percentage of commission sharing within the office
A broker's "definite place of business" can refer to:
a. an office where real estate business is regularly transacted
b. a post office box address
c. a telephone answering service
, MARYLAND REAL ESTATE LAW PRACTICE TEST QUESTIONS AND ANSWERS
d. the place where the broker maintains records of transactions and escrow accounts in a safety deposit
box - (ANSWER)a. an office where real estate business is regularly transacted
A license issued by the Real Estate Commission to a licensee on May 6th will expire:
a. one year from the date of issue
b. two years from the date of issue
c. at the end of the regular license term
d. on the birth date of the licensee - (ANSWER)b. two years from the date of issue
A license to provide real estate brokerage services can only be issued to a/an:
a. corporation
b. limited liability company (LLC)
c. partnership
d. individual person - (ANSWER)d. individual person
A licensee who induces homeowners to sell their home by convincing them that the presence of persons
of certain racial or religious background in the neighborhood will increase criminal behavior and lower
property values is guilty of:
a. felony, and may be fined not more than $5,000 or imprisoned for one year, or both
b. a felony, and may be fined not more then $500 or imprisoned for one year, or both.
c. a misdemeanor, and may be fined not more than $500 or imprisoned for one year, or both
A broker is appointed to sell a property through an exclusive-right-to-sell listing contract. The broker will
be entitled to a commission:
a. only if the broker or one of her salespeople sells the property
b. if the property is sold during the listing period
c. only if the property is sold by the broker or the owner
d. only if the sale is made by a multiple-listing partner - (ANSWER)b. if the property is sold during the
listing period
A broker need not notify the Commission:
a. when any salesperson resigns
b. when there is a change in the location of the broker's office
c. when there is a change in the name of the broker's commission
d. of a change in percentage of commission sharing within the office - (ANSWER)d. of a change in
percentage of commission sharing within the office
A broker's "definite place of business" can refer to:
a. an office where real estate business is regularly transacted
b. a post office box address
c. a telephone answering service
, MARYLAND REAL ESTATE LAW PRACTICE TEST QUESTIONS AND ANSWERS
d. the place where the broker maintains records of transactions and escrow accounts in a safety deposit
box - (ANSWER)a. an office where real estate business is regularly transacted
A license issued by the Real Estate Commission to a licensee on May 6th will expire:
a. one year from the date of issue
b. two years from the date of issue
c. at the end of the regular license term
d. on the birth date of the licensee - (ANSWER)b. two years from the date of issue
A license to provide real estate brokerage services can only be issued to a/an:
a. corporation
b. limited liability company (LLC)
c. partnership
d. individual person - (ANSWER)d. individual person
A licensee who induces homeowners to sell their home by convincing them that the presence of persons
of certain racial or religious background in the neighborhood will increase criminal behavior and lower
property values is guilty of:
a. felony, and may be fined not more than $5,000 or imprisoned for one year, or both
b. a felony, and may be fined not more then $500 or imprisoned for one year, or both.
c. a misdemeanor, and may be fined not more than $500 or imprisoned for one year, or both
