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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. What happens when personal property is attached to real property?

A) It becomes a fixture.
B) It remains personal property.
C) It's considered detached property.
D) It's classified as emblements.

2. In terms of encumbrances, what's a license?

A) Permission to alter someone's land or property
B) Process by which a non-owner gains possession of a property after a certain amount of time
C) Permission to do something on another's land while also possessing an interest or ownership in the land
D) Permission without possession, interest, or ownership

3. Which of these is an example of a lot-and-block description?

A) "Beginning at the iron pin 30 paces from the center of the brook that runs across the road southwesterly from the dwelling ..."
B) Lot 6 of Block 3 of the East Subdivision plat as recorded in Map Book 18, Page 11 at the Recorder of Deeds
C) 123 Roanoke Street Any Town, ST 98765
D) S ½ SE ¼ NW ¼ Section 2 ...

4. Why would licensees use the MAAP method?

A) To calculate their gross commission for a transaction
B) To establish whether or not a fair housing violation has occurred
C) To report another licensee for an ethics violation
D) To determine which property facts they need to disclose

5. Ralph leases 1,000 square feet in a large warehouse. The lease agreement requires him to pay portions of the landlord's taxes, insurance, and maintenance, in addition to the amount he pays to lease the space. What type of lease does Ralph have?

A) Triple net lease
B) Gross lease
C) Percentage lease
D) Operating stop lease

Solutions: