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Real Estate Licensing Maryland-Real-Estate-Salesperson Exam Questions
- Topic 1: Property Ownership: This section of the exam measures skills of real estate salespersons and brokers and covers the fundamentals of property ownership. It includes understanding real and personal property, legal descriptions using metes and bounds, lot and block, and government survey methods, measuring structures and land, encumbrances such as liens, easements, rights of way, and encroachments, and the different types of ownership including sole ownership, joint tenancy, common-interest ownership, trusts, estates, business entities, and life estates.
- Topic 2: Land Use Controls: This section measures skills of real estate professionals and covers government rights in land, including taxation, eminent domain, and escheat. It addresses government and private controls over land use, including deed restrictions, subdivision covenants, and condominium or homeowners’ association regulations.
- Topic 3: Valuation: This section measures skills of real estate licensees and brokers and covers property valuation methods. Topics include appraisals, appraisal requirements and steps, economic principles affecting value, sales comparison, cost, and income approaches, as well as the use of Comparative Market Analysis (CMA) and Automated Valuation Methods (AVM) for assessing property value.
- Topic 4: Financing: This section measures skills of salespersons and brokers and covers loan concepts, underwriting, mortgage clauses, promissory notes, and types of loans including conventional, amortized, adjustable-rate, government, owner-financed, reverse mortgages, home equity, construction, rehab, and bridge loans. It also addresses financing laws and regulations such as RESPA, TILA, TRID, ECOA, lending processes, and risky loan features.
- Topic 5: Contracts: This section measures skills of real estate licensees and brokers and covers general contract law principles, elements for valid contracts, enforceability, contract types, option agreements, electronic signatures, rights and obligations, remedies for breach, and termination. It also includes purchase and lease contracts, handling multiple offers and counteroffers, and contract contingencies.
- Topic 6: Agency: This section measures skills of real estate professionals and covers agency and non-agency relationships, types of listing and representation contracts, powers of attorney, conditions for termination, fiduciary duties, agent duties to clients and non-clients, and required agency disclosures, including potential conflicts of interest.
- Topic 7: Property Disclosures: This section measures skills of licensees and brokers and covers seller property condition disclosures, situations requiring inspections, environmental and government disclosure requirements, and disclosure of material facts and defects affecting the property.
- Topic 8: Property Management: This section measures skills of real estate professionals and covers property manager duties, including tenant procurement and qualification, fair housing and ADA compliance, market analysis for setting rents, maintenance, improvements, reporting, and risk management.
- Topic 9: Transfer of Title: This section measures skills of licensees and brokers and covers types of deeds, title insurance and searches, potential title problems, the closing process, recordation, settlement procedures, and special considerations in transferring foreclosed, short sale, or probate properties.
- Topic 10: Practice of Real Estate: This section measures skills of salespersons and brokers and covers antidiscrimination laws, including the Fair Housing Act and ADA, legislation and regulations regarding employment status, antitrust, Do-Not-Call rules, and social media use, duties and responsibilities for confidentiality, handling funds, due diligence, and broker supervisory responsibilities for licensees and employees.
- Topic 11: Real Estate Calculations: This section measures skills of real estate professionals and covers calculations for transactions, including seller net proceeds, buyer funds needed, prorations, transfer fees, PITI, and general concepts such as equity, rate of return, capitalization rate, loan-to-value ratio, discount points, and loan origination fees.
- Topic 12: Duties and Powers of the Real Estate Commission: This section measures skills of licensees and brokers and covers the general powers of the Commission, investigations, hearings, appeals, suspensions, revocations, penalties, Guaranty Fund, record examination, licensing requirements, and activities requiring a license.
- Topic 13: Brokerage Relationships: This section measures skills of licensees and brokers and covers listing agreements, disclosure of brokerage relationships and interest, conflict-of-interest disclosures, and supervision of licensees, including handling trust monies and recordkeeping requirements.
- Topic 14: Business Conduct: This section measures skills of real estate professionals and covers offers, commissions and rebates, advertising and signage, fair housing laws, summary suspensions or convictions, and ethics including unfair inducements and dealings with other licensees.
- Topic 15: Ethics: This section measures skills of licensees and brokers and covers ethical practices, compliance with regulations, and maintaining professional integrity in all transactions.
Free Real Estate Licensing Maryland-Real-Estate-Salesperson Exam Actual Questions
Note: Premium Questions for Maryland-Real-Estate-Salesperson were last updated On Jul. 14, 2026 (see below)
Where is a complaint against a licensee filed?
Comprehensive and Detailed Explanation:
A complaint against a real estate licensee in Maryland must be filed with the Maryland Real Estate Commission (MREC).
The complaint can be submitted online via the Commission's official website or by mail using the form provided by the MREC.
The Commission investigates alleged violations of the Real Estate Brokers Act, including misconduct, ethical breaches, or failure to comply with license law.
Complaints are not handled by the brokerage or individual agents.
Shelly buys Mark's house, which is still in an option period with Monique. Monique decides to exercise her option after Shelly moves in. What will happen?
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
An option contract gives the optionee (Monique) the exclusive right to purchase a property within a specified period and under specific terms, but not the obligation to do so.
When properly executed and supported by consideration (the option fee), the option is a binding contract on the property owner (Mark) and any subsequent owners who take title with constructive notice of the existing option.
Therefore, when Monique exercises her valid option within the option period, Shelly must honor it---the property must be sold to Monique under the agreed terms.
Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course -- ''Real Estate Contracts'' Module
Maryland Contract Law Principles -- Option Contracts and Specific Performance.
In order for you to earn compensation for brokerage activities, you must be employed as the agent of the client. How is this employment accomplished?
Comprehensive and Detailed Explanation:
In Maryland, a real estate licensee may only perform brokerage services and be entitled to compensation when a written brokerage agreement exists between the client and the broker.
This agreement must clearly state the broker's duties, compensation terms, and representation type (buyer, seller, or dual).
Verbal agreements are insufficient to establish an enforceable right to a commission.
What must an agent do if they receive an undisclosed bonus from a seller to incentivize closing by a certain date?
Comprehensive and Detailed Explanation:
Under Maryland Code of Ethics (COMAR 09.11.02.33A) and Maryland Business Occupations and Professions 17-322(a)(23), a licensee must disclose any compensation, commission, fee, or bonus received from a party other than their client in the transaction.
If a seller offers an undisclosed bonus to the buyer's agent, that bonus must be fully disclosed in writing to the buyer (the agent's client) before acceptance. Failure to do so constitutes an ethical and legal violation. The payment, once disclosed, must be processed through the agent's broker, who is responsible for all compensation distribution.
Maryland 60-Hour Principles and Practices Course -- ''Fair Housing and Ethics'' Module; COMAR 09.11.02.33A(23); Maryland Business Occupations and Professions 17-322.
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What's the purpose of a listing agreement in Maryland?
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
A listing agreement is a legally binding contract between a seller and a licensed real estate broker that establishes the broker's authority to market the property and represent the seller's interests in finding a ready, willing, and able buyer.
It outlines the terms of representation, including price, commission, duration, and the duties of both parties.
The agreement does not guarantee a sale; rather, it ensures mutual understanding of responsibilities and compensation should a sale occur.
This principle is covered in the Listing Agreements and Buyer Representation module.
Reference (Maryland Source):
-- Maryland 60-Hour Principles and Practices Course, Listing Agreements and Brokerage Contracts section.
-- Business Occupations and Professions Article 17-534.
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