Online Access Free Maryland-Real-Estate-Salesperson Exam Questions

Which of the following is an example of a development cost?

• A.Crime rates
• B.Local density zoning rules
• C.Lower unemployment
• D.Increased demand on infrastructure

What's the purpose of a home inspection?

• A.To get a true picture of a property's condition
• B.To determine a listing price for the property
• C.To help licensees uncover red flags
• D.To determine whether the purchase price reflects the property's value

What are PCBs?

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

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

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

Which document is provided to borrowers at least three days prior to closing and provides disclosures about the costs of the transaction?

• A.Closing Disclosure
• B.Escrow closing notice
• C.Loan Estimate
• D.The Mortgage Servicing Transfer Disclosure