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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Local real estate developments, such as a new subdivision, will likely impact the ______ most.

A) The passage of federal legislation
B) The economic health of a city 200 miles away
C) The aesthetics of a community
D) The neighboring states

2. Where can you find out what's not covered by a title insurance policy?

A) The internet
B) The title insurance policy's schedule of exceptions
C) The lender's attorney
D) The county clerk's office

3. What is the term for paying off a loan over time?

A) Mortgage
B) Amortization
C) Loan
D) Installment

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

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

5. Kip is a sub-agent working with a buyer customer, Charlie, for Sheila's listing of May's property. To whom does Kip owe his loyalty?

A) Sheila and May
B) Charlie
C) May
D) Sheila and Charlie

Solutions: