Real Estate Maryland-Real-Estate-Salesperson Exam : Maryland Real Estate Salesperson Examination

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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. What type of ground lease allows a tenant to buy out the lease?

A) Irretrievable
B) Redeemable
C) Conceivable
D) Retrievable

2. What type of license will you receive if you have a supervising broker at the time of application?

A) Firm license
B) Broker's license
C) Inactive license
D) Active license

3. Which of the following is the best definition of a covenant between a lessor and lessee?

A) A rent escalation
B) A provision for which neither party to a contract is willing to compromise
C) An agreement or promise made between the parties
D) An addendum to a contract added after it's signed

4. What type of ownership do most corporations use to hold real property?

A) Joint tenancy
B) Common
C) Trust
D) Severalty

5. Real property ownership may offer significant tax advantages. Which one of the following is a potential advantage?

A) Taxable gains
B) Transfer tax
C) Depreciation
D) Insurance expenses

Solutions: