Online Questions – Valid Practice Maryland-Real-Estate-Salesperson Exam Dumps Test Questions [Q67-Q86]

QUESTION 67
Earnest money is sometimes referred to as a “down payment on the ______.”

QUESTION 68
What responsibility do licensees have regarding household lead hazards?

QUESTION 69
Ellen and Sadie signed an agreement to list Sadie’s condo for sale. After the contract was signed, Sadie’s father, Grant, offered to pay Ellen’s commission as a housewarming present. Sadie’s mom and stepdad, Linda and Rick, also chipped in. Who is Ellen’s client?

QUESTION 70
What term refers to the profit from the sale of property that is subject to taxation?

QUESTION 71
Sandra enters a contract to sell her home to Paul. Under the statute of frauds, the written contract must name the contracting parties, identify the subject matter of the contract, and ________.

QUESTION 72
Ralph leases 1,000 square feet in a large warehouse. The lease agreement requires him to pay portions of the landlord’s taxes, insurance, and maintenance, in addition to the amount he pays to lease the space. What type of lease does Ralph have?

QUESTION 73
Which photograph of a home for sale should not be published for public viewing?

QUESTION 74
Under which type of buyer agency agreement does a buyer reserve the right to self-represent?

QUESTION 75
With what loan program or programs can a borrower obtain 100% financing?

QUESTION 76
James creates a trust to hold a piece of real estate he owns. He directs a corporate fiduciary to hold title to the real estate and provides instructions for the management, control, and disposition of the real estate upon his death. Given that the trust only holds real estate, James likely set up a(n) ________ trust.

QUESTION 77
Shelly buys Mark’s house, which is still in an option period with Monique. Monique decides to exercise her option after Shelly moves in. What will happen?

QUESTION 78
Carson is purchasing a $600,000 property by obtaining an 80/20 loan. How much is Carson financing?

QUESTION 79
How does the income from property taxes benefit the community?

QUESTION 80
Local real estate developments, such as a new subdivision, will likely impact the ______ most.

QUESTION 81
Property ownership for an indeterminable length of time is an example of what form of estate?

QUESTION 82
What type of property is a condominium?

QUESTION 83
What is real estate, plus all of the interests, benefits, and rights included in ownership, also known as?

QUESTION 84
Which of these items should real estate professionals help first-time buyers and buyers who have experienced recent credit issues to understand?

QUESTION 85
Which of the following is a method a real estate licensee uses to determine an appropriate listing price range?

QUESTION 86
Why does HUD test for housing discrimination?