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

Section

Weight

Objectives

Maryland State Portion

27%

- Supervision

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

- Ethics

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

- Brokerage Relationships

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

- Business Conduct

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

- Licensing Requirements

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

- Duties and Powers of the Real Estate Commission

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

National Portion

73%

- General Principles of Agency

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

- Contracts

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

- Financing

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

- Practice of Real Estate

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

- Real Estate Calculations

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

- Property Disclosures

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

- Transfer of Property

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

- Property Ownership

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

- Valuation and Market Analysis

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

- Land Use Controls and Regulations

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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. How does discrimination still occur, even though it's illegal?

A) Discrimination makes good business sense.
B) Discrimination is often not visible to the public.
C) Discrimination is human nature.
D) Not all laws make sense.

2. A valid deed must contain all of the essential elements, plus which of the following?

A) It must be in writing.
B) It must be in nuncupative form.
C) It must be approved by the local judge.
D) It must be sent to all parties via registered mail.

3. 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.

A) Tertiary
B) Land
C) Assignable
D) Testamentary

4. Which of the following can reimburse the buyer after the sale if a title issue arises?

A) Lien proceeds
B) Homeowners insurance
C) Buyer title insurance
D) Special deed

5. What agency enforces fair housing laws in Maryland?

A) The Fair Housing Administration and Enforcement Board
B) The Fair Housing Updates Board
C) The Commission on Civil Rights
D) The Discriminatory Acts Board

Solutions:

Question # 1
Answer: B

Question # 2
Answer: A

Question # 3
Answer: B

Question # 4
Answer: C

Question # 5
Answer: C