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Real Estate Maryland-Real-Estate-Salesperson Exam Overview:

Certification Vendor:Maryland Real Estate Commission
Exam Name:Maryland Real Estate Salesperson Examination
Exam Number:Maryland-Real-Estate-Salesperson
Exam Format:Computer-based, Multiple-choice questions
Passing Score:70% (56/80 national, 21/30 state)
Exam Duration:120 (90 for national, 30 for state)
Available Languages:English
Real Exam Qty:110 (80 national, 30 state)
Related Certifications:Maryland Real Estate Associate Broker License
Maryland Real Estate Broker License
Exam Price:$44 USD
Certificate Validity Period:2 years (renewable)
Recommended Training:Maryland Approved Pre-Licensing Courses
Exam Registration:PSI Exams - Official Registration
Maryland Real Estate Commission
Sample Questions:Real Estate Maryland-Real-Estate-Salesperson Sample Questions
Exam Way:Computer-based testing at authorized PSI centers; online proctored option available
Pre Condition:Minimum age 18; complete 60 hours of state-approved pre-licensing education; good character and reputation
Official Syllabus URL:https://www.mrec.maryland.gov

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

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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. James creates a trust to hold a piece of real estate he owns. He directs a corporate fiduciary to hold title to the real estate and provides instructions for the management, control, and disposition of the real estate upon his death. Given that the trust only holds real estate, James likely set up a(n) ________ trust.

A) Tertiary
B) Land
C) Testamentary
D) Assignable


2. The National Fair Housing Alliance believes in promoting the message that neighborhoods are stronger
______ neighborhoods.

A) Diverse
B) Gated
C) Segregated
D) Transit-oriented


3. Renae showed a property to Shannon, a buyer client, then to another client later that week. The second client made an offer and the seller accepted. The next day, Shannon called Renae to make an offer on the property and was angry that Renae showed it to another buyer. Did Shannon have a case?

A) Yes. Renae should've asked Shannon if she wanted to make an offer before showing the property to another client.
B) No. Agency law only requires that the first buyer be given one day to make an offer before showing a property to another client.
C) Yes. Agency law prohibits Renae from showing the same property to two buyer clients.
D) No. Renae hasn't violated agency law by showing the same property to two separate buyer clients.


4. Between commercial and residential properties, which type of property is depreciated for a longer time?

A) You cannot depreciate income-producing properties.
B) Residential income-producing properties are depreciated longer (39 years) than commercial income- producing properties (27.5 years) are.
C) Both commercial and residential income-producing properties are depreciated according to the same schedule.
D) Commercial income-producing properties are depreciated longer (39 years) than residential income- producing properties (27.5 years) are.


5. What's the area of a rectangular building that's 40 feet by 20 feet?

A) 80 square feet
B) 800 feet
C) 800 square feet
D) 80 feet


Solutions:

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

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