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

Section

Weight

Objectives

National Portion

73%

- Practice of Real Estate

1. Advertising and business practices
2. Fair housing laws and anti-discrimination
3. Escrow and trust account management

- Property Disclosures

1. Property condition disclosures
2. Environmental disclosures
3. Lead-based paint and other federal requirements

- Contracts

1. Elements of valid contracts
2. Contract contingencies and remedies
3. Purchase and sale agreements
4. Listing and buyer representation contracts

- General Principles of Agency

1. Agency disclosure requirements
2. Termination of agency
3. Agency relationships and creation
4. Fiduciary duties and obligations

- Valuation and Market Analysis

1. Comparative market analysis
2. Factors affecting property value
3. Appraisal principles and methods

- Property Ownership

1. Real and personal property
2. Land characteristics and legal descriptions
3. Forms of ownership
4. Encumbrances and easements

- Real Estate Calculations

1. Area and volume measurements
2. Commission and fee calculations
3. Prorations and closing costs

- Financing

1. Government loan programs (FHA, VA, USDA)
2. Mortgage types and lending regulations
3. Closing and settlement procedures
4. Loan qualification and underwriting

- Transfer of Property

1. Closing process and documents
2. Deeds and title transfer
3. Title insurance and recording

- Land Use Controls and Regulations

1. Private controls: deed restrictions, HOA rules
2. Public controls: zoning, building codes, environmental laws

Maryland State Portion

27%

- Duties and Powers of the Real Estate Commission

1. Rulemaking and enforcement
2. Commission structure and authority
3. Disciplinary actions and penalties

- Business Conduct

1. Advertising regulations
2. Trust fund handling
3. Unlawful practices and prohibited acts

- Supervision

1. Broker responsibility for licensees
2. Compliance oversight
3. Office management and record keeping

- Brokerage Relationships

1. Maryland agency definitions and rules
2. Duties to clients and customers
3. Disclosure forms and requirements

- Ethics

1. Confidentiality and disclosure
2. Professional standards and conduct
3. Conflicts of interest

- Licensing Requirements

1. License types and scope of authority
2. Application and renewal procedures
3. Eligibility and education requirements

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question 1

Which statement best represents how dual agency is impacted by teams in Maryland?

A. The broker may designate ICAs from within a team, with the broker or office manager serving as the dual agent.
B. Dual agency isn't allowed within real estate teams.
C. The dual agent may be part of the same team as the ICAs.
D. The broker may serve as an ICA along with a team member.

Question 2

Dan is buying Chuck's property, which is listed with Nevin's brokerage. Who are the parties to the exclusive right-to-sell listing agreement?

A. Dan, Chuck, and Nevin
B. Dan and Chuck
C. Chuck and Nevin's brokerage
D. Dan and Nevin

Question 3

With what loan program or programs can a borrower obtain 100% financing?

A. FHA and VA
B. USDA and VA
C. FHA, VA, and USDA
D. USDA and FHA

Question 4

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?

A. When the buyer asks you to represent them as well
B. At your first scheduled face-to-face meeting with the buyer about the seller's property
C. After the buyer deposits the earnest money in escrow
D. After the seller accepts the buyer's offer

Question 5

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

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

Solutions:

Question 1
Answer: A

Question 2
Answer: C

Question 3
Answer: B

Question 4
Answer: B

Question 5
Answer: B