Question 1

Why are legal descriptions required in real estate contracts?

Options :

A : To calculate the exact property taxes owed by the new owner

B : To ensure the piece of property can be clearly identified from all other properties

C : To establish the legal boundaries for future construction on the property

D : To guarantee the buyer is receiving the exact property they believe they are purchasing

Answer: B

Question 2

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 __.

Options :

A : Double dipping

B : Informed consent

C : Mutual agreement

D : Representation by proxy

Answer: B

Question 3

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?

Options :

A : After the buyer deposits the earnest money in escrow

B : After the seller accepts the buyer's offer

C : At your first scheduled face-to-face meeting with the buyer about the seller's property

D : When the buyer asks you to represent them as well

Answer: C

Question 4

What must an agent do if they receive an undisclosed bonus from a seller to incentivize closing by a certain date?

Options :

A : The agent can accept the bonus without any disclosure requirements.

B : The agent must disclose the bonus to any buyers they are working with on the transaction.

C : The agent should keep the bonus confidential and not inform the broker.

D : The agent should pay the bonus to the broker.

Answer: B

Question 5

Which photograph of a home for sale should not be published for public viewing?

Options :

A : An exterior photo showcasing the pool and outdoor kitchen/bar area

B : A photo of the billiards room that reveals the owner's collection of antique guns

C : A photo of the master bathroom that also shows the photographer's arm reflected in the mirror

D : A wide-angle photo of the renovated kitchen that makes the area look larger than it really is

Answer: B

Free Maryland-Real-Estate-Salesperson Mock Exam – Practice Online Confidently

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