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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. How many approaches to value do appraisers generally use?

A) Three
B) One
C) Two
D) Four

2. Why are legal descriptions required in real estate contracts?

A) To guarantee the buyer is receiving the exact property they believe they are purchasing
B) To calculate the exact property taxes owed by the new owner
C) To ensure the piece of property can be clearly identified from all other properties
D) To establish the legal boundaries for future construction on the property

3. Which of the following is true about USDA loans?

A) Loan terms may be as long as 38 years.
B) They mirror the requirements for conventional loans.
C) They're for farm loans only.
D) They're for rural housing loans only.

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

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

5. Species habitat, beauty, erosion control, and pollution treatment are all reasons why wetlands are __________.

A) Not valuable resources
B) Not regulated
C) Protected
D) Developed

Solutions: