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Real Estate Maryland-Real-Estate-Salesperson Exam Overview:

Certification Vendor:Maryland Real Estate Commission (MREC) / PSI Services LLC
Exam Name:Maryland Real Estate Salesperson Examination
Exam Number:MD-RE-SALESPERSON (PSI administered)
Exam Duration:120 minutes
Passing Score:70% per section (National + State)
Available Languages:English
Certificate Validity Period:Exam pass valid for 1 year to apply for licensure; license renewal typically every 2 years (CE required)
Exam Price:$44 USD (exam fee paid to PSI)
Real Exam Qty:110 (80 National + 30 Maryland State)
Exam Format:Computer-based test, Multiple-choice questions, Two sections (National + State)
Related Certifications:Maryland Real Estate Broker License
Recommended Training:Maryland Real Estate Pre-Licensing Education Providers (General Search Entry)
PSI Exam Preparation Resources
Exam Registration:PSI Candidate Information (Maryland Real Estate)
Maryland Real Estate Commission Exam Information
Sample Questions:Real Estate Maryland-Real-Estate-Salesperson Sample Questions
Exam Way:In-person computer-based exam at PSI testing centers
Pre Condition:Completion of 60-hour approved pre-licensing education and eligibility approval through PSI/MREC
Official Syllabus URL:https://labor.maryland.gov/license/mrec/mrecexam.shtml

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

SectionObjectives
Maryland State Law and Regulations- Licensing Requirements and Procedures
- Property Disclosure Requirements (e.g., defects, lead-based paint)
- Advertising and Brokerage Practices
- Maryland Real Estate Commission (MREC) Rules and Authority
- Agency Disclosure and Representation in Maryland
- Trust Accounts and Handling Client Funds
- Disciplinary Actions and Enforcement
National Real Estate Principles- Transfer of Title and Closing Procedures
- Real Estate Practice and Fair Housing
- Contracts
- Financing
- Valuation and Market Analysis
- Property Ownership and Land Use Controls
- Agency Relationships and Duties
- Real Estate Calculations

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. What is one drawback of sub-agency from a listing broker's standpoint?

A) Both parties must agree to dual agency.
B) There aren't any drawbacks.
C) The listing broker will have to pay two agents' commissions.
D) The listing broker and listing agent can be liable for the sub-agent's actions.


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

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


3. Isabelle just took on a new listing, in which the owner is selling because a new freeway is being built right behind the house. The owner is concerned about the noise and other activity the freeway will bring, but doesn't want prospective buyers to know this. Which action best demonstrates good faith in this scenario?

A) Isabelle takes the listing and, per her client's instructions, doesn't tell prospective buyers about the planned road construction.
B) Isabelle decides not to take the listing, since the property will be impossible to sell.
C) Isabelle takes the listing, tells the seller she won't discuss the new freeway, then discloses this fact to prospective buyers, since it's material to the property.
D) Isabelle tells the owner that this is a material fact related to the property that must be disclosed to prospective buyers, or Isabelle will not take the listing.


4. What is real estate, plus all of the interests, benefits, and rights included in ownership, also known as?

A) Personal property
B) Real property
C) Estate
D) Land


5. Joe and Emma Parsons begin informally working with their neighbor Kyle, who's a real estate licensee, to find a bigger house. The parties have not signed any agreements or discussed the arrangements. This is an example of ______ agency.

A) Unspoken
B) Express
C) Implied
D) Executory


Solutions:

Question # 1
Answer: D
Question # 2
Answer: B
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: C

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