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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which type of antitrust violation involves two or more businesses conspiring against another business?

A) Price fixing
B) Group boycotting
C) Tie-in arrangement
D) Market allocation

2. When a lower-quality property is adjacent to a higher-quality property, it can diminish the value of the higher- quality property. What economic principle of value is this?

A) Progression
B) Anticipation
C) Contribution
D) Regression

3. A valid deed must contain all of the essential elements, plus which of the following?

A) It must be approved by the local judge.
B) It must be sent to all parties via registered mail.
C) It must be in writing.
D) It must be in nuncupative form.

4. Which document is provided to borrowers at least three days prior to closing and provides disclosures about the costs of the transaction?

A) Escrow closing notice
B) Loan Estimate
C) Closing Disclosure
D) The Mortgage Servicing Transfer Disclosure

5. The power of the state to claim property when the owner dies without a will and without locatable heirs or creditors is also known as ______.

A) Escheat
B) Eminent domain
C) Taking
D) Life estate

Solutions: