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Real Estate Maryland Real Estate Salesperson Examination Sample Questions (Q85-Q90):

NEW QUESTION # 85
Assume you are a licensee in Maryland who has recently entered into an agreement with a seller to represent their interests in a real estate transaction. At what point are you required to provide a potential buyer with the agency disclosure notice?

A. When the buyer asks you to represent them as well
B. After the seller accepts the buyer's offer
C. At your first scheduled face-to-face meeting with the buyer about the seller's property
D. After the buyer deposits the earnest money in escrow

Answer: C

Explanation:
Maryland law requires that a licensee acting as a seller's agent must provide any unrepresented buyer with the
"Understanding Whom Real Estate Agents Represent" disclosure at the first scheduled face-to-face meeting about a specific property.
The purpose is to ensure that consumers understand who represents whom before discussing confidential or motivational information.
This rule is clearly detailed in the Maryland Agency Law module of the pre-licensing course.
Reference (Maryland Source):
- Maryland 60-Hour Principles and Practices Course, Maryland Agency Law section.
- Business Occupations and Professions Article 17-530 through 17-534.
- COMAR 09.11.07.01 - Agency Disclosure Requirements.

NEW QUESTION # 86
Which of the following actions transforms real property into personal property?

A. Severance
B. Emblements
C. Annexation
D. Sale of the property

Answer: A

Explanation:
Severance is the act of detaching an item that was part of the realty, thereby converting it into personal property (e.g., removing a built-in fixture). Annexation is the opposite-attaching personal property so it becomes real property (a fixture). Emblements are annual crops treated as personal property by definition, not by a transformation act. A sale does not change the classification of items; it only transfers whatever is included (real or personal) as specified.
References: Maryland pre-licensing curriculum-Real Property and the Law (definitions and tests of fixtures; annexation vs. severance; emblements).

NEW QUESTION # 87
Why would a buyer want to know whether any additions or alterations were made to a property?

A. So the buyer can decide whether a price reduction is in order
B. So the buyer can use the same contractor for additional additions and alterations
C. So the buyer can remove these items prior to closing
D. So the buyer can determine if permits were pulled

Answer: D

Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
In Maryland, buyers have the right to receive full disclosure of any additions, alterations, or improvements made to a property. This is crucial because such modifications may have required building permits and inspections under state and local building codes.
A buyer wants to know whether permits were obtained to ensure that:
The work was done legally and safely,
It meets local code requirements, and
There are no future liability or resale issues.
Unpermitted work can lead to enforcement actions or costly repairs. The Maryland Property Disclosure and Disclaimer Statement (per Real Property §10-702) requires sellers to disclose known material defects or improvements.
Reference:
Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course - "Environmental Issues and Disclosures" Module Maryland Real Property Article §10-702 - Residential Property Disclosure and Disclaimer Requirements.

NEW QUESTION # 88
A buyer can submit the earnest-money deposit in the form of _______.

A. A promissory note
B. A personal check
C. A post-dated check
D. Verbal assurance

Answer: B

Explanation:
Comprehensive and Detailed
Maryland license law allows the earnest-money deposit (good-faith deposit) to be paid in cash, certified funds, or personal check, provided the terms are disclosed in the sales contract. A post-dated check or promissory note is not considered "good funds" unless all parties agree in writing. Verbal assurances never satisfy the deposit requirement. The broker must promptly deposit the funds in a designated trust (escrow) account.

NEW QUESTION # 89
Which of these statements about cooperating with other licensees is true?

A. Licensees must cooperate with other licensees when it is in the interest of their client, and share the commission on a previously agreed-upon basis.
B. Licensees must cooperate with other licensees, even if it is not in their client's best interest.
C. Licensees must compensate other licensees.
D. Licensees must cooperate with and compensate other licensees, even if it's not in their client's best interest.

Answer: A

Explanation:
Under Maryland license law and the Maryland Code of Ethics (COMAR 09.11.02.33), licensees are expected to cooperate with other licensees when doing so serves their client's best interest. Cooperation often involves sharing information or coordinating showings, but does not require compensation unless there is a written agreement specifying how commissions will be shared. The client's interest always takes priority over cooperative obligations.
Reference:Maryland 60-Hour Principles and Practices Course - "Real Estate Brokerage Operations" Module; COMAR 09.11.02.33C (Cooperation with Other Licensees); Maryland Business Occupations and Professions17-322.

NEW QUESTION # 90
......

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Real Estate Maryland Real Estate Salesperson Examination Sample Questions (Q85-Q90):

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