Maryland-Real-Estate-Salesperson Mock Test, Maryland-Real-Estate-Salesperson Exam Book

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Real Estate Maryland Real Estate Salesperson Examination Sample Questions (Q209-Q214):

NEW QUESTION # 209
Plat of Block 28, Woodmen Heights Tract, recorded in Map Book 27, page 68, at the Elder County Records Office is an example of which essential element of a deed?

Answer: C

Explanation:
A reference to a recorded plat (lot and block system) is a form of legal description, an essential element that precisely identifies the property being conveyed. Consideration is the value exchanged; the granting clause (words of conveyance) shows intent to transfer; the habendum clause defines the estate being granted (e.g., "to have and to hold...").
References: Maryland 60-Hour Course: "Transfer of Title" (deed essentials-parties, consideration, granting clause, legal description, habendum, execution, delivery, acceptance).


NEW QUESTION # 210
Property ownership for an indeterminable length of time is an example of what form of estate?

Answer: A

Explanation:
The estates module distinguishes freehold estates (ownership for an indefinite/indeterminable duration, such as fee simple or life estates) from leasehold estates (possession for a definite, limited term under a lease, such as estate for years or periodic tenancy). "Homestead" is a protective legal concept, not a duration type. Therefore, ownership for an indeterminable length of time is a freehold estate.
References: Maryland 60-Hour Principles and Practices of Real Estate - Interests in Real


NEW QUESTION # 211
What is typically required for a real estate agent to earn a commission from a client?

Answer: A

Explanation:
In Maryland, a real estate licensee may only perform brokerage services and be entitled to compensation when a written brokerage agreement exists between the client and the broker.
This agreement must clearly state the broker's duties, compensation terms, and representation type (buyer, seller, or dual).
Verbal agreements are insufficient to establish an enforceable right to a commission.
Reference: Maryland 60-Hour Principles and Practices - "Real Estate Brokerage Operations"; Maryland Real Estate Brokers Act 17-532 - Brokerage Agreements.


NEW QUESTION # 212
Which act gives companies the right to sue a competitor for making deceptive ad claims?

Answer: B

Explanation:
Within Brokerage Operations and Advertising Compliance, the course explains that while state license laws prohibit false, misleading, or deceptive advertising, at the federal level the Lanham Act allows businesses to bring civil actions against competitors for false or misleading advertising that misrepresents the nature, characteristics, or qualities of goods or services. This is distinct from consumer protection frameworks (e.g., FTC Act) and privacy/financial statutes (e.g., Gramm-Leach-Bliley Act and the Privacy Act), which do not create the same competitor-to-competitor false advertising claim.
References: Maryland 60-Hour Principles and Practices of Real Estate - Brokerage Operations: Advertising rules and liability; Overview of federal advertising enforcement and the Lanham Act (false advertising and unfair competition).


NEW QUESTION # 213
To calculate the sales price before commission, which formula should you use if you know the sales price after commission and the commission rate?

Answer: B

Explanation:
The net to seller calculation determines how much the seller will receive after the broker's commission and other costs are deducted from the sales price.
The correct formula is:
Net to Seller = Sales Price × (100% - Commission Rate)
For example, if a home sells for $300,000 and the commission rate is 6%, the seller's net before other expenses is:
$300,000 × (100% - 6%) = $300,000 × 94% = $282,000.
This formula is a required competency under the Math for Real Estate and Practical Applications unit of the Maryland pre-licensing course.
Reference: Maryland 60-Hour Principles and Practices - "Real Estate Math Applications: Commissions, Net to Seller, and Financing Calculations."


NEW QUESTION # 214
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