Pass the actual test with the help of Maryland-Real-Estate-Salesperson study guide
Last Updated: Aug 24, 2026
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| Section | Objectives |
|---|---|
| National Real Estate Principles | - Valuation and Market Analysis - Financing - Real Estate Calculations - Real Estate Practice and Fair Housing - Agency Relationships and Duties - Property Ownership and Land Use Controls - Transfer of Title and Closing Procedures - Contracts |
| Maryland State Law and Regulations | - Maryland Real Estate Commission (MREC) Rules and Authority - Licensing Requirements and Procedures - Advertising and Brokerage Practices - Agency Disclosure and Representation in Maryland - Property Disclosure Requirements (e.g., defects, lead-based paint) - Disciplinary Actions and Enforcement - Trust Accounts and Handling Client Funds |
1. In relation to Maryland's PHIFA, if a foreclosure consultant is found to have intentionally violated the law, what's the maximum penalty the consultant may have to pay to a consumer who brings a private action?
A) Actual damages
B) Actual damages, plus attorney's fees
C) Twice the actual damages
D) Three times the actual damages, plus attorney's fees
2. Which of the following refers to a situation where a third party intentionally disrupts a contractual relationship between two parties?
A) Performing services that would qualify as practice of law
B) Contractual interference
C) Making a substantial and willful misrepresentation
D) Failure to disclose an agency relationship
3. In which type of lease does the tenant pay some or all expenses separately?
A) Sublease
B) Gross lease
C) Percentage lease
D) Net lease
4. What are emblements considered to be?
A) Personal property
B) A subsurface right
C) Real property
D) Land
5. Which of the following is a material fact that must be disclosed to prospective buyers?
A) A previous homeowner had Ebola.
B) A lead-based paint disclosure must be included since the home was built in 1957.
C) A previous owner had HIV.
D) A house has had more than ten owners.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: B |
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