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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. When a client understands what dual agency is and agrees in writing to allow a firm to act as a dual agent for them in a real estate transaction, this is known as ________.

A) Representation by proxy
B) Mutual agreement
C) Informed consent
D) Double dipping

2. The National Fair Housing Alliance believes in promoting the message that neighborhoods are stronger
______ neighborhoods.

A) Gated
B) Diverse
C) Transit-oriented
D) Segregated

3. What is one drawback of sub-agency from a listing broker's standpoint?

A) There aren't any drawbacks.
B) Both parties must agree to dual agency.
C) The listing broker will have to pay two agents' commissions.
D) The listing broker and listing agent can be liable for the sub-agent's actions.

4. The power of the state to claim property when the owner dies without a will and without locatable heirs or creditors is also known as ______.

A) Taking
B) Eminent domain
C) Escheat
D) Life estate

5. Which term refers to a permitted deviation from current zoning restrictions that allows an owner to use land for a purpose that's otherwise prohibited, and requires the owner to prove the zoning creates an unnecessary hardship?

A) Property variance
B) Moratorium
C) Use variance
D) Special use permit

Solutions: