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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Activities that restrain trade and reduce competition and choices for consumers are considered to be what kind of violations?

A) Agency law
B) License law
C) Antitrust
D) Fair housing

2. What type of license will you receive if you have a supervising broker at the time of application?

A) Firm license
B) Inactive license
C) Broker's license
D) Active license

3. Which of the following is used to protect the buyer from title defects after closing?

A) Abstract of title
B) Buyer title insurance policy
C) Chain of title
D) Attorney's opinion of title

4. In a real estate transaction, who does a licensee represent?

A) A client
B) A principal or customer
C) A customer
D) A client or customer

5. Which of the following is an instrument that's used to convey property ownership?

A) Mortgage
B) Lien
C) Title
D) Deed

Solutions: