Real Estate Licensing Maryland-Real-Estate-Salesperson Exam - Topic 15 Question 5 Discussion

Actual exam question for Real Estate Licensing's Maryland-Real-Estate-Salesperson exam

Question #: 5
Topic #: 15

[All Maryland-Real-Estate-Salesperson Questions]

What type of property is a condominium?

AA condo always includes landownership.

BA condo has a proprietary lease.

CA condo is a multi-family property.

DA condo is a single-family property.

Show Suggested Answer

Suggested Answer: C

Comprehensive and Detailed

A condominium is a form of ownership, not a type of structure.

It typically consists of multiple units (multi-family or multi-unit buildings) in which each owner holds title to their individual unit and shares ownership of common areas (e.g., hallways, pools, grounds) through the condominium association.

This differs from a cooperative (co-op), where residents hold shares and a proprietary lease.

Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course -- ''Forms of Real Estate Ownership'' Module

Maryland Condominium Act, Real Property Article 11-101 et seq.

by Allene at Nov 20, 2025, 09:38 AM

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Socorro

10 hours ago

A proprietary lease? That's interesting!

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Ramonita

6 days ago

Wait, are you sure about that?

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Melissia

11 days ago

Yeah, I agree, it's multi-family for sure.

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Bernardo

16 days ago

Wait, is a condo a single-family property? That's like saying a mansion is a studio apartment.

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Nieves

21 days ago

A condo being a single-family property? That's a good one! D is clearly the wrong answer.

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Luisa

26 days ago

Hmm, I thought a condo always included landownership. Guess I was wrong.

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Marica

1 month ago

I'm pretty sure a condo has a proprietary lease, so B is the right choice.

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Elsa

1 month ago

I'm really uncertain about this one. I thought condos were single-family properties, but now I'm questioning that.

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Sarah

1 month ago

I feel like I practiced a question similar to this, and I think the answer is C, since condos are usually in buildings with several units.

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Shayne

2 months ago

I think a condo is considered a multi-family property because it has multiple units, but I'm not entirely sure.

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Rosalia

2 months ago

I'm not totally sure about this one. I'll have to eliminate the options that don't seem right and then make my best guess.

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Dahlia

2 months ago

I remember learning that a condo is a type of multi-family property, so I'm confident C is the correct answer.

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Rolland

2 months ago

A condo is definitely a multi-family property.

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Kattie

2 months ago

A condo is definitely a multi-family property. Option C is the correct answer.

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Kenneth

2 months ago

A condo definitely has a proprietary lease, not full landownership, so I'm going to select option B.

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Lajuana

3 months ago

I thought condos had landownership too?

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Lindsey

3 months ago

I remember something about condos having a proprietary lease, but I can't recall if that's specific to co-ops instead.

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Lorriane

3 months ago

Hmm, I'm a bit confused on the difference between a condo and a single-family property. I'll have to think this through carefully.

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Abel

3 months ago

I'm pretty sure a condo is a multi-family property, so I'll go with option C.

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