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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Isabelle just took on a new listing, in which the owner is selling because a new freeway is being built right behind the house. The owner is concerned about the noise and other activity the freeway will bring, but doesn't want prospective buyers to know this. Which action best demonstrates good faith in this scenario?

A) Isabelle takes the listing, tells the seller she won't discuss the new freeway, then discloses this fact to prospective buyers, since it's material to the property.
B) Isabelle tells the owner that this is a material fact related to the property that must be disclosed to prospective buyers, or Isabelle will not take the listing.
C) Isabelle takes the listing and, per her client's instructions, doesn't tell prospective buyers about the planned road construction.
D) Isabelle decides not to take the listing, since the property will be impossible to sell.

2. Which of the following refers to a situation where a third party intentionally disrupts a contractual relationship between two parties?

A) Making a substantial and willful misrepresentation
B) Failure to disclose an agency relationship
C) Performing services that would qualify as practice of law
D) Contractual interference

3. _____ is a process in which an appraiser determines a probable range of values for a property by comparing a group of comparable sales to the subject. The appraiser attempts to include both superior and inferior units of comparison, such as age and transaction price.

A) Surrounding
B) Substituting
C) Bracketing
D) Bridging

4. In Maryland, it's customary for the buyer and seller to split the transfer and recordation ______.

A) 40/60
B) 25/75
C) 30/70
D) 50/50

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

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

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