Maryland State Exam Questions with Complete
Solutions 100% Correct
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Terms in this set (59)
According to Maryland The day of the home inspection
disclosure guidelines,
upon which of the
following events is it NOT
appropriate to give the
buyer the opportunity to
review the seller's
disclosure/disclaimer
statement?
The day of the home
inspection
When the buyer expresses
interest in purchasing the
property
When the buyer makes an
offer
When the property goes
on the market
,Adesha made an offer on At any time before she receives the
a three-bedroom disclosure/disclaimer statement
townhouse in Hanover on
April 5. The sellers
accepted her offer on
April 6, and all signatures
were finalized by April 7.
Adesha still hasn't
received the property
disclosure/disclaimer
statement. Until when can
Adesha rescind the
contract without penalty?
April 12
April 14
April 17
At any time before she
receives the
disclosure/disclaimer
statement
,Amelia's portfolio is on Mikey, an investor who's selling a property that he
fire! She's got four converted into a three-unit apartment building
upcoming listings and
each of them will list for at
least $500,000. Before she
can count her
commissions, though, she's
got some paperwork to
get through. Since she
wants to stay on the right
side of the Maryland
Property Condition
Disclosure Law, which of
these sellers does Amelia
need to remind about
completing the Residential
Property
Disclosure/Disclaimer
Statement?
Bryce, who, as the
executor of his deceased
mother's will, is selling her
house
Erica, who's selling her
five-unit apartment
building to an investor
who will be converting it
to retail space
Mikey, an investor who's
selling a property that he
converted into a three-
unit apartment building
Tessa, who represents a
, lender that's selling a
foreclosed four-bedroom
ranch-style home that sits
on three acres
Artie, a real estate License revocation
licensee, is a convicted
felon, and although he The commission will revoke a license of a convicted
served his time, he has felon if the licensee demonstrates continued issues
had some administrative with trustworthiness.
sanctions that call into
question his
trustworthiness to serve
the public. What is the
maximum sanction the
MREC may impose?
License revocation
License suspension
One year in prison
Three years in prison and
license revocation
Solutions 100% Correct
Save
Terms in this set (59)
According to Maryland The day of the home inspection
disclosure guidelines,
upon which of the
following events is it NOT
appropriate to give the
buyer the opportunity to
review the seller's
disclosure/disclaimer
statement?
The day of the home
inspection
When the buyer expresses
interest in purchasing the
property
When the buyer makes an
offer
When the property goes
on the market
,Adesha made an offer on At any time before she receives the
a three-bedroom disclosure/disclaimer statement
townhouse in Hanover on
April 5. The sellers
accepted her offer on
April 6, and all signatures
were finalized by April 7.
Adesha still hasn't
received the property
disclosure/disclaimer
statement. Until when can
Adesha rescind the
contract without penalty?
April 12
April 14
April 17
At any time before she
receives the
disclosure/disclaimer
statement
,Amelia's portfolio is on Mikey, an investor who's selling a property that he
fire! She's got four converted into a three-unit apartment building
upcoming listings and
each of them will list for at
least $500,000. Before she
can count her
commissions, though, she's
got some paperwork to
get through. Since she
wants to stay on the right
side of the Maryland
Property Condition
Disclosure Law, which of
these sellers does Amelia
need to remind about
completing the Residential
Property
Disclosure/Disclaimer
Statement?
Bryce, who, as the
executor of his deceased
mother's will, is selling her
house
Erica, who's selling her
five-unit apartment
building to an investor
who will be converting it
to retail space
Mikey, an investor who's
selling a property that he
converted into a three-
unit apartment building
Tessa, who represents a
, lender that's selling a
foreclosed four-bedroom
ranch-style home that sits
on three acres
Artie, a real estate License revocation
licensee, is a convicted
felon, and although he The commission will revoke a license of a convicted
served his time, he has felon if the licensee demonstrates continued issues
had some administrative with trustworthiness.
sanctions that call into
question his
trustworthiness to serve
the public. What is the
maximum sanction the
MREC may impose?
License revocation
License suspension
One year in prison
Three years in prison and
license revocation
