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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which of the following financing types involves the sale of personal property with the real property?

A) Blanket
B) Security
C) Wrap-around
D) Package

2. Ralph leases 1,000 square feet in a large warehouse. The lease agreement requires him to pay portions of the landlord's taxes, insurance, and maintenance, in addition to the amount he pays to lease the space. What type of lease does Ralph have?

A) Triple net lease
B) Gross lease
C) Operating stop lease
D) Percentage lease

3. Where can you find out what's not covered by a title insurance policy?

A) The internet
B) The lender's attorney
C) The title insurance policy's schedule of exceptions
D) The county clerk's office

4. In what type of lease does the landlord pay taxes, maintenance, and insurance?

A) Triple net lease
B) Gross lease
C) Net lease
D) Percentage lease

5. How can a real estate licensee legally discuss contract clauses with a client without practicing law?

A) By drafting new contract language to suit the client's needs
B) By describing the legal implications of contract clauses in detail
C) By explaining the general purpose of the contract clause without interpreting its legal impact
D) By advising the client on landlord/tenant responsibilities

Solutions: