MD Real Estate Exam Questions with Complete
Solutions
Save
Terms in this set (51)
As a result of Maryland An administrative law judge
Real Estate Commission
hearings, who makes
recommendations to the
commission regarding
disciplinary actions?
,Assuming that each of Pedro charges clients a $500 retainer fee when he
these foreclosure signs on to provide foreclosure consultation services.
consultants is properly
licensed, who is violating Foreclosure consultants may not charge fees or
the Protection of collect any compensation until they've performed all
Homeowners in foreclosure consultation services. Consultation
Foreclosure Act? compensation may not exceed 8% of the property's
sales price.
1) In her consultation
contracts, Sylvia includes
a clause stating that her
compensation will be 7%
of the property's sales
price.
2) Maya, who's also a
licensed real estate
broker, presents her real
estate license to clients
before they sign a
contract.
3) Pedro charges clients a
$500 retainer fee when he
signs on to provide
foreclosure consultation
services.
, Because her agent didn't $40,000
tell her about the leaking
roof he knew about, Guaranty Fund claims are limited to actual monetary
Dulce's had to pay damages suffered, up to $50,000. Attorney's fees and
$20,000 to repair her roof, commission owed or paid to the licensee do not
$8,000 to repair the count.
bedroom ceiling that
caved in, $2,000 to repaint
the bedroom, $10,000 to
replace her ruined
furniture and wardrobe,
and $10,000 in legal fees
pursuing her agent in
court. She also wants to
get back the $2,500
commission she paid him.
How much can she seek
from the Guaranty Fund?
Bella perused the listing The commission amount
agreement her new seller
client had just signed.
Looking it over, she
realized that they'd
forgotten to fill in one
item that's required in
Maryland listing
agreements. What was
missing?
Solutions
Save
Terms in this set (51)
As a result of Maryland An administrative law judge
Real Estate Commission
hearings, who makes
recommendations to the
commission regarding
disciplinary actions?
,Assuming that each of Pedro charges clients a $500 retainer fee when he
these foreclosure signs on to provide foreclosure consultation services.
consultants is properly
licensed, who is violating Foreclosure consultants may not charge fees or
the Protection of collect any compensation until they've performed all
Homeowners in foreclosure consultation services. Consultation
Foreclosure Act? compensation may not exceed 8% of the property's
sales price.
1) In her consultation
contracts, Sylvia includes
a clause stating that her
compensation will be 7%
of the property's sales
price.
2) Maya, who's also a
licensed real estate
broker, presents her real
estate license to clients
before they sign a
contract.
3) Pedro charges clients a
$500 retainer fee when he
signs on to provide
foreclosure consultation
services.
, Because her agent didn't $40,000
tell her about the leaking
roof he knew about, Guaranty Fund claims are limited to actual monetary
Dulce's had to pay damages suffered, up to $50,000. Attorney's fees and
$20,000 to repair her roof, commission owed or paid to the licensee do not
$8,000 to repair the count.
bedroom ceiling that
caved in, $2,000 to repaint
the bedroom, $10,000 to
replace her ruined
furniture and wardrobe,
and $10,000 in legal fees
pursuing her agent in
court. She also wants to
get back the $2,500
commission she paid him.
How much can she seek
from the Guaranty Fund?
Bella perused the listing The commission amount
agreement her new seller
client had just signed.
Looking it over, she
realized that they'd
forgotten to fill in one
item that's required in
Maryland listing
agreements. What was
missing?
