Real Estate Maryland-Real-Estate-Salesperson Exam Questions - 100% Exam Passing Guarantee [2026]

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Real Estate Maryland Real Estate Salesperson Examination Sample Questions (Q56-Q61):

NEW QUESTION # 56
To indicate that they understand and consent to the terms that appear on each page of the sales contract, what are the seller and buyer required to do?

Answer: D

Explanation:
In Maryland practice, standard residential contracts (e.g., the Maryland REALTORS Residential Contract of Sale) require parties to initial and date each page. This page-by-page acknowledgment demonstrates that both buyer and seller reviewed and consented to the specific terms on every page, reducing disputes over omitted or altered provisions. Final signatures execute the agreement, but initials and dates on each page evidence assent to the entire document as presented.
References:
Maryland 60-Hour Principles & Practices Course - Real Estate Contracts Module (contract formation and execution practices).
Maryland REALTORS Residential Contract of Sale - page-initialing convention to indicate assent.


NEW QUESTION # 57
When a client understands what dual agency is and agrees in writing to allow a firm to act as a dual agent for them in a real estate transaction, this is known as ________.

Answer: C

Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
Informed consent is a legal requirement under Maryland Agency Law when a brokerage represents both a buyer and a seller in the same real estate transaction (dual agency).
In this arrangement, the broker acts as the dual agent, while separate intra-company agents may represent each party.
The client must receive full disclosure of the potential conflicts of interest and consent in writing before dual agency can occur.
Without informed, written consent, dual agency is prohibited under Maryland Real Estate Commission (MREC) regulations.
Reference:
Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course - "Maryland Agency Law" Module Md. Business Occupations and Professions Article §17-530-§17-532 - Disclosure and Consent to Dual Agency.


NEW QUESTION # 58
You represent a buyer of a $1 million property. The seller's agent offers a 2.5% cooperative agent compensation. Who's your client?

Answer: A

Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
Under Maryland law, agency relationships are determined by who the licensee represents, not by who pays the compensation.
Even though the buyer's agent may receive payment from the listing broker via a cooperative compensation (often shared through the MLS), that payment does not make the buyer's agent an agent of the seller.
The licensee's fiduciary duties-loyalty, confidentiality, disclosure, obedience, reasonable care, and accounting-belong solely to the buyer, the client under the brokerage agreement.
This principle is detailed under the Maryland Agency Law section of the pre-licensing course.
Reference (Maryland Source):
- Maryland 60-Hour Principles and Practices Course, Law of Agency module.
- Business Occupations and Professions Article §17-530 through §17-534.
- COMAR 09.11.07.01 - Disclosure of Agency Relationships.


NEW QUESTION # 59
________ can be defined as everything that's not real property.

Answer: A

Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
Personal property (also known as chattel) refers to movable items that are not permanently attached to the land or the improvements on it.
Examples include furniture, vehicles, and trade equipment. In contrast, real property includes land, improvements, and the legal rights associated with ownership.
The distinction between real and personal property is a core principle of real estate law covered early in the Maryland 60-Hour Course under "Real Property and the Law." Reference:
Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course - "Real Property and the Law" Module Common Law Property Definitions recognized by the Maryland Real Estate Commission.


NEW QUESTION # 60
Before you sign an exclusive right to sell agreement with a seller, what must you do?

Answer: C

Explanation:
Maryland agency law requires that licensees disclose and explain brokerage relationship options and obtain a signed brokerage agreement before providing client-level services. Prior to entering an exclusive right to sell, the licensee must present available forms of representation (e.g., exclusive right to sell vs.
exclusive agency) and explain the duties, compensation, and implications of each so the seller can make an informed choice. Listing or marketing cannot lawfully proceed as client-level services without the executed agreement and required disclosures.
References: Maryland pre-licensing curriculum-Maryland Agency Law (timing and content of brokerage disclosures; forms of listing agreements; informed consent).


NEW QUESTION # 61
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