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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Earnest money is sometimes referred to as a "down payment on the ______."

A) Mortgage insurance
B) Down payment
C) Seller's proceeds
D) Transfer tax

2. Disclosing which of the following facts would be considered a fair housing violation?

A) The kitchen was remodeled five years ago.
B) The roof was replaced last year.
C) The property has been treated for pests.
D) The current owner has HIV.

3. Property ownership for an indeterminable length of time is an example of what form of estate?

A) Periodic
B) Homestead
C) Freehold
D) Leasehold

4. Which act gives companies the right to sue a competitor for making deceptive ad claims?

A) The Gramm-Leach-Bliley Act
B) The Truth in Advertising Act
C) The Privacy Act
D) The Lanham Act

5. Which of the following best describes the concept of appreciation?

A) When the value of a property increases over time.
B) When losses are deducted from a property's value for tax purposes.
C) When a property's value increases as a result of capital improvements.
D) When the value of a property decreases over time.

Solutions: