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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:

Section

Weight

Objectives

Topic 1: Maryland State Portion

27%

- Supervision

1. Broker responsibility for licensees
2. Office management and record keeping
3. Compliance oversight

- Licensing Requirements

1. License types and scope of authority
2. Eligibility and education requirements
3. Application and renewal procedures

- Ethics

1. Conflicts of interest
2. Professional standards and conduct
3. Confidentiality and disclosure

- Business Conduct

1. Advertising regulations
2. Unlawful practices and prohibited acts
3. Trust fund handling

- Duties and Powers of the Real Estate Commission

1. Rulemaking and enforcement
2. Disciplinary actions and penalties
3. Commission structure and authority

- Brokerage Relationships

1. Maryland agency definitions and rules
2. Duties to clients and customers
3. Disclosure forms and requirements

Topic 2: National Portion

73%

- Contracts

1. Elements of valid contracts
2. Listing and buyer representation contracts
3. Contract contingencies and remedies
4. Purchase and sale agreements

- Real Estate Calculations

1. Commission and fee calculations
2. Area and volume measurements
3. Prorations and closing costs

- General Principles of Agency

1. Fiduciary duties and obligations
2. Termination of agency
3. Agency disclosure requirements
4. Agency relationships and creation

- Transfer of Property

1. Title insurance and recording
2. Closing process and documents
3. Deeds and title transfer

- Land Use Controls and Regulations

1. Public controls: zoning, building codes, environmental laws
2. Private controls: deed restrictions, HOA rules

- Practice of Real Estate

1. Escrow and trust account management
2. Fair housing laws and anti-discrimination
3. Advertising and business practices

- Financing

1. Mortgage types and lending regulations
2. Loan qualification and underwriting
3. Closing and settlement procedures
4. Government loan programs (FHA, VA, USDA)

- Property Disclosures

1. Lead-based paint and other federal requirements
2. Property condition disclosures
3. Environmental disclosures

- Valuation and Market Analysis

1. Appraisal principles and methods
2. Comparative market analysis
3. Factors affecting property value

- Property Ownership

1. Land characteristics and legal descriptions
2. Encumbrances and easements
3. Real and personal property
4. Forms of ownership

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question 1

What, when signed by all parties to a sales contract, changes the original terms of the contract?

A. Addendum
B. Annexation
C. Amendment
D. Appurtenance

Question 2

[Listing Agreements and Buyer Representation]Properly pricing a property that is entering the market will

Question 3

What do you call the person or entity that oversees trust or escrow money?

A. Escrow master
B. Escrow agent
C. Special agent
D. Mortgage agent

Question 4

Which of the following is one of your duties as a listing agent?

A. Secure a profit for your client.
B. Promote your client's interests throughout the entire transaction.
C. Hold confidential all facts from the buyer, even material facts.
D. Disclose material facts to the seller only.

Question 5

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

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

Solutions:

Question 1
Answer: C

Question 2
Answer: Only visible for members

Question 3
Answer: B

Question 4
Answer: B

Question 5
Answer: B