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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: National Portion73%- Practice of Real Estate
  • 1. Escrow and trust account management
  • 2. Fair housing laws and anti-discrimination
  • 3. Advertising and business practices
- Land Use Controls and Regulations
  • 1. Private controls: deed restrictions, HOA rules
  • 2. Public controls: zoning, building codes, environmental laws
- Property Ownership
  • 1. Real and personal property
  • 2. Forms of ownership
  • 3. Encumbrances and easements
  • 4. Land characteristics and legal descriptions
- Property Disclosures
  • 1. Lead-based paint and other federal requirements
  • 2. Property condition disclosures
  • 3. Environmental disclosures
- General Principles of Agency
  • 1. Fiduciary duties and obligations
  • 2. Termination of agency
  • 3. Agency disclosure requirements
  • 4. Agency relationships and creation
- Valuation and Market Analysis
  • 1. Appraisal principles and methods
  • 2. Factors affecting property value
  • 3. Comparative market analysis
- Real Estate Calculations
  • 1. Prorations and closing costs
  • 2. Area and volume measurements
  • 3. Commission and fee calculations
- Contracts
  • 1. Purchase and sale agreements
  • 2. Elements of valid contracts
  • 3. Listing and buyer representation contracts
  • 4. Contract contingencies and remedies
- Transfer of Property
  • 1. Deeds and title transfer
  • 2. Title insurance and recording
  • 3. Closing process and documents
- Financing
  • 1. Mortgage types and lending regulations
  • 2. Closing and settlement procedures
  • 3. Government loan programs (FHA, VA, USDA)
  • 4. Loan qualification and underwriting
Topic 2: Maryland State Portion27%- Supervision
  • 1. Broker responsibility for licensees
  • 2. Compliance oversight
  • 3. Office management and record keeping
- Licensing Requirements
  • 1. Application and renewal procedures
  • 2. Eligibility and education requirements
  • 3. License types and scope of authority
- Brokerage Relationships
  • 1. Duties to clients and customers
  • 2. Maryland agency definitions and rules
  • 3. Disclosure forms and requirements
- Duties and Powers of the Real Estate Commission
  • 1. Rulemaking and enforcement
  • 2. Disciplinary actions and penalties
  • 3. Commission structure and authority
- Ethics
  • 1. Confidentiality and disclosure
  • 2. Professional standards and conduct
  • 3. Conflicts of interest
- Business Conduct
  • 1. Advertising regulations
  • 2. Trust fund handling
  • 3. Unlawful practices and prohibited acts

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

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

A) reasonable skill and care
B) undivided loyalty
C) honesty
D) disclosure


2. Uh-oh. You failed to present an offer on behalf of your client in a timely manner. As a result, the seller accepted a lower offer from another buyer. For which of the following could your buyer sue you?

A) Negligence
B) Misrepresentation
C) Fraud
D) Puffing


3. You are meeting with prospective clients in person for the first time. What are you required by law to explain to them?

A) Why you became a real estate licensee and how many years of experience you have
B) The types of agency relationships they may have with a real estate professional
C) The dangers of lead-based paint in homes built prior to 1978
D) Why dual agency is illegal in Maryland


4. The cost approach to finding an appraised value measures which of the following?

A) The cost to acquire land and construct a reproduction
B) The expenses the property is expected to produce for the owner
C) The cost to acquire land only
D) The cost to construct a reproduction only


5. A landlord locks a tenant out and requires the tenant to pay past-due rent before regaining access to the unit.
This is considered:

A) Termination
B) Constructive eviction
C) Illegal
D) Personal possession lien process


Solutions:

Question # 1
Answer: B
Question # 2
Answer: A
Question # 3
Answer: B
Question # 4
Answer: A
Question # 5
Answer: C

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