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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

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

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

2. Which of the following is a method a real estate licensee uses to determine an appropriate listing price range?

A) Appraisal
B) Comparative market analysis
C) Market process
D) Proforma

3. With what loan program or programs can a borrower obtain 100% financing?

A) USDA and FHA
B) FHA and VA
C) USDA and VA
D) FHA, VA, and USDA

4. In a real estate transaction, what's a real estate licensee's responsibility regarding household lead hazards for homes built before 1978?

A) To remind the sellers to disclose the possible presence of lead-based paint to a buyer
B) To make sure all lead is removed by a licensed professional
C) To disclose to buyers that there's lead-based paint in a home
D) To instruct the seller to remediate the lead-based paint

5. A veteran licensee always has a face-to-face meeting before he works with any buyer. What might be a good reason for this?

A) To build trust and rapport
B) To get the buyer's FICO score, credit report, and tax receipts
C) To determine the buyer's ethnicity
D) To look the buyer in the eye to see if the buyer is hiding anything

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