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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which of the following financing types involves the sale of personal property with the real property?

A) Security
B) Package
C) Blanket
D) Wrap-around

2. What, when signed by all parties to a sales contract, changes the original terms of the contract?

A) Addendum
B) Appurtenance
C) Annexation
D) Amendment

3. A statement such as "This is a dream home with the best views in town" made by a licensee is an example of what?

A) Intentional misrepresentation
B) Puffery
C) A lie
D) Positive misrepresentation

4. What is it called when a person who has possession of a property through a life estate abuses the property or allows it to deteriorate?

A) Act of waste
B) Escheat
C) Reversionary interest
D) Estate at sufferance

5. What is the term for paying off a loan over time?

A) Amortization
B) Mortgage
C) Loan
D) Installment

Solutions: