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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. What type of agency exists because of the actions and behavior of the parties?

A) Behavioral agency
B) Implied agency
C) Action agency
D) Express agency

2. Which statement best represents how dual agency is impacted by teams in Maryland?

A) Dual agency isn't allowed within real estate teams.
B) The dual agent may be part of the same team as the ICAs.
C) The broker may serve as an ICA along with a team member.
D) The broker may designate ICAs from within a team, with the broker or office manager serving as the dual agent.

3. What must an agent do if they receive an undisclosed bonus from a seller to incentivize closing by a certain date?

A) The agent should keep the bonus confidential and not inform the broker.
B) The agent should pay the bonus to the broker.
C) The agent must disclose the bonus to any buyers they are working with on the transaction.
D) The agent can accept the bonus without any disclosure requirements.

4. Which statement best represents how dual agency is impacted by teams in Maryland?

A) Dual agency isn't allowed within real estate teams.
B) The dual agent may be part of the same team as the ICAs.
C) The broker may serve as an ICA along with a team member.
D) The broker may designate ICAs from within a team, with the broker or office manager serving as the dual agent.

5. Where should a licensee typically verify the latest regulations and updates regarding real estate practices?

A) With a co-worker of the licensee
B) On the Real Estate Commission's website
C) With the supervising brokerage
D) With the licensee themselves

Solutions: