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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. What's used to calculate the housing debt-to-income ratio and total debt-to-income ratio?

A) Operating income
B) Gross income
C) After-tax income
D) Net income

2. Uh-oh. You failed to present an offer on behalf of your client in a timely manner. As a result, the seller accepted a lower offer from another buyer. For which of the following could your buyer sue you?

A) Puffing
B) Fraud
C) Misrepresentation
D) Negligence

3. What is the primary purpose of a property tax levy?

A) It's used to build high-end housing.
B) It's used to build new shopping malls.
C) It's used to determine property tax increases.
D) It's used to fund essential services and public works.

4. What type of property is a condominium?

A) A condo always includes landownership.
B) A condo is a multi-family property.
C) A condo has a proprietary lease.
D) A condo is a single-family property.

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

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

Solutions: