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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. At a business meeting attended by the heads of the top brokerages in town, the keynote speaker discussed a minimum listing fee. What is this?

A) Group boycotting
B) Tie-in arrangement
C) Market allocation
D) Price fixing

2. Real property ownership may offer significant tax advantages. Which one of the following is a potential advantage?

A) Insurance expenses
B) Taxable gains
C) Depreciation
D) Transfer tax

3. Which loan type is a fixed-rate mortgage where the monthly principal payments increase over time, according to a set schedule?

A) Pledged account
B) Growing equity
C) Negative amortization
D) Blanket

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

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

5. Why does HUD test for housing discrimination?

A) To punish blatant discrimination
B) To create revenue through fines
C) To uncover hidden discrimination
D) To educate the public

Solutions: