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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. In relation to appraisals, what is a "federally related transaction"?

A) A transaction involving the sale of government secrets
B) An appraisal that a federally licensed appraiser conducts
C) A transaction in which financing is obtained from foreign investors
D) A real estate transaction in which a federal financial agency or regulatory authority is involved

2. In the sales comparison approach, the appropriateness of the various comparable sales in relationship to the subject is considered in a process known as ______, where certain factors may be given more weight.

A) Bracketing
B) Averaging
C) Conformity
D) Reconciliation

3. Jorge is a dual agent in a single-license dual agency situation. He owes his clients all of the following fiduciary duties EXCEPT.

A) disclosure
B) honesty
C) undivided loyalty
D) reasonable skill and care

4. Homeowners can take several actions related to pest infestations, but which of the following actions should be left to licensed pest management professionals?

A) Looking for signs of an infestation
B) Removing moisture from the home
C) Applying pesticides
D) Installing a vapor barrier

5. What are PCBs?

A) A substance that grows due to moisture problems
B) Chemical compounds used in cooling and insulating, mainly in electrical transformers
C) A substance resulting from the decay of uranium
D) A chemical compound that occurs naturally in the environment

Solutions: