Latest Maryland-Real-Estate-Salesperson exam dumps with real Real Estate questions and answers [Q19-Q43]

Q19. Which of these is an example of a lot-and-block description?

Q20. Which of these items should real estate professionals help first-time buyers and buyers who have experienced recent credit issues to understand?

Q21. Which act gives companies the right to sue a competitor for making deceptive ad claims?

Q22. In a real estate transaction, who does a licensee represent?

Q23. An organization with many investors who jointly participate in a real estate investment and must adhere to the rules and regulations of the Securities and Exchange Commission is a

Q24. Your client, Bruno, is an investor. He is in the process of selling a fourplex and mentions to you that he hates the idea of the capital gains tax he’ll be subject to. What should you tell him?

Q25. Assume you are a licensee in Maryland who has recently entered into an agreement with a seller to represent their interests in a real estate transaction. At what point are you required to provide a potential buyer with the agency disclosure notice?

Q26. Which of the following is a method a real estate licensee uses to determine an appropriate listing price range?

Q27. What’s the purpose of testing with regard to fair housing?

Q28. What does REO stand for?

Q29. Jillian has a loan-to-value ratio of 90/100. This means-

Q30. Carson is purchasing a $600,000 property by obtaining an 80/20 loan. How much is Carson financing?

Q31. When operating under a power of attorney concerning the transfer of real property, who may sign in place of the principal?

Q32. What is one drawback of sub-agency from a listing broker’s standpoint?

Q33. What are emblements considered to be?

Q34. ________ can be defined as everything that’s not real property.

Q35. How does the building department ensure that a builder who has obtained a permit builds according to code?

Q36. Ellen and Sadie signed an agreement to list Sadie’s condo for sale. After the contract was signed, Sadie’s father, Grant, offered to pay Ellen’s commission as a housewarming present. Sadie’s mom and stepdad, Linda and Rick, also chipped in. Who is Ellen’s client?

Q37. Appraiser Niles uses ________ to determine a range of values based on comparing a subject property to comparable sales. He makes sure to use some comparables that lack features of his subject property, and others that have even more desirable features, to balance out the comparison.

Q38. Jorge is a dual agent in a single-license dual agency situation. He owes his clients all of the following fiduciary duties EXCEPT.

Q39. What, when signed by all parties to a sales contract, changes the original terms of the contract?

Q40. What type of license will you receive if you have a supervising broker at the time of application?

Q41. At its most basic level, which type of antitrust violation is a conspiracy between business competitors to set their prices to buy or sell goods or services at a certain price point?

Q42. How many of the nine appointed Maryland Real Estate Commission board members are consumers and how many are real estate professionals?

Q43. A buyer can submit the earnest-money deposit in the form of _______.