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

Section

Weight

Objectives

National Portion

73%

- Property Ownership

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

- Transfer of Property

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

- Practice of Real Estate

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

- Land Use Controls and Regulations

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

- Contracts

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

- Property Disclosures

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

- General Principles of Agency

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

- Real Estate Calculations

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

- Valuation and Market Analysis

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

- Financing

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

Maryland State Portion

27%

- Business Conduct

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

- Supervision

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

- Ethics

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

- Licensing Requirements

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

- Brokerage Relationships

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

- Duties and Powers of the Real Estate Commission

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

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. When prospecting and soliciting for new business, licensees should be familiar with which federal acts?

A) Sherman Act, Clayton Act, and Unfair Trade Practices Act
B) Do Not Call Implementation Act, Sherman Act, and Unfair Trade Practices Act
C) Human Relations Act, Fair Housing Act, and Americans with Disabilities Act
D) Do Not Call Implementation Act, CAN-SPAM Act, and Junk Fax Prevention Act

2. How large is an acre?

A) 5,480 square feet
B) 43,560 square feet
C) 10,000 square meters
D) 43,560 feet

3. When operating under a power of attorney concerning the transfer of real property, who may sign in place of the principal?

A) County clerk
B) Agent
C) Grantee
D) Principal

4. Which of these is a colorless, odorless, radioactive gas that is released when uranium decays?

A) Radon
B) Carbon monoxide
C) Polychlorinated biphenyls
D) Chlorofluorocarbons

5. A buyer representation agreement is similar to which document used when representing a seller?

A) A consumer notice
B) A seller disclosure
C) A listing agreement
D) A seller's net sheet

Solutions:

Question # 1
Answer: D

Question # 2
Answer: B

Question # 3
Answer: B