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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

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

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

2. Risks to computer systems can be reduced by avoiding public networks, sites, and suspicious sites.

A) Secure
B) Encrypted
C) Unsecure
D) All

3. What's the purpose of testing with regard to fair housing?

A) To uncover hidden discrimination
B) To increase fines on landlords
C) To punish blatant discrimination
D) To educate applicants

4. 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 Charlie
B) Sheila and May
C) Charlie
D) May

5. Edgar is in the process of selling his home in a short sale. What's a short sale?

A) A sale that fails to receive a high enough bid at auction, and then falls to the bank's ownership
B) A property sale that occurs in less than one week
C) The sale of a property at an amount less than is owed, not including closing costs
D) The forced sale of a home due to the borrower defaulting on the mortgage loan

Solutions: