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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. What best describes a Multiple Listing Service (MLS) in real estate?

A) A proprietary site open only to real estate professionals
B) A classified advertising site that charges by the column inch
C) A free service for real estate professionals and the public
D) An online database of active, under contract, sold, expired, and withdrawn listings

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) Misrepresentation
B) Negligence
C) Fraud
D) Puffing

3. Which term refers to a permitted deviation from current zoning restrictions that allows an owner to use land for a purpose that's otherwise prohibited, and requires the owner to prove the zoning creates an unnecessary hardship?

A) Property variance
B) Use variance
C) Moratorium
D) Special use permit

4. What does PITI stand for?

A) Principal, insurance, title, and interest
B) Property, interest, title, and insurance
C) Property, insurance, taxes, and interest
D) Principal, interest, taxes, and insurance

5. Carson is purchasing a $600,000 property by obtaining an 80/20 loan. How much is Carson financing?

A) $120,000
B) $600,000
C) $480,000
D) $420,000

Solutions: