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Real Estate Maryland Real Estate Salesperson Examination Sample Questions (Q84-Q89):

NEW QUESTION # 84
Edgar is in the process of selling his home in a short sale. What's a short sale?

A. The forced sale of a home due to the borrower defaulting on the mortgage loan
B. The sale of a property at an amount less than is owed, not including closing costs
C. A property sale that occurs in less than one week
D. A sale that fails to receive a high enough bid at auction, and then falls to the bank's ownership

Answer: B

Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
A short sale occurs when the lender agrees to accept less than the total amount owed on the mortgage to release its lien so that the property can be sold.
The lender must approve the sale before closing.
This typically happens when the market value of the property is less than the outstanding loan balance, but foreclosure is avoided.
In the pre-licensing course, short sales are discussed under Financing and Foreclosure Alternatives, highlighting licensees' duties to disclose the short-sale status to buyers and comply with lender requirements.
Reference (Maryland Source):
- Maryland 60-Hour Principles and Practices Course, Financing and Foreclosure Alternatives section.
- Maryland Real Property Article §7-105.1 (Mortgage Default Remedies).

NEW QUESTION # 85
Kip is a sub-agent working with a buyer customer, Charlie, for Sheila's listing of May's property. To whom does Kip owe his loyalty?

A. Sheila and May
B. May
C. Sheila and Charlie
D. Charlie

Answer: B

Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
In a sub-agency relationship, the cooperating licensee (sub-agent) works with a buyer but represents the seller, not the buyer.
Kip, as a sub-agent, owes fiduciary duties of loyalty, obedience, confidentiality, and disclosure to the seller (May), the same client represented by Sheila, the listing agent.
The buyer, Charlie, is treated as a customer, not a client, meaning no fiduciary obligations exist beyond honesty and fair dealing.
This principle is covered in Maryland's Law of Agency and Brokerage Operations modules.
Reference (Maryland Source):
- Maryland 60-Hour Principles and Practices Course, Agency Relationships and Sub-Agency sections.
- Business Occupations and Professions Article §17-530 - §17-534.

NEW QUESTION # 86
Why would licensees use the MAAP method?

A. To calculate their gross commission for a transaction
B. To establish whether or not a fair housing violation has occurred
C. To determine which property facts they need to disclose
D. To report another licensee for an ethics violation

Answer: C

Explanation:
In Maryland, licensees must disclose material facts that are adverse, that they actually know, and that are physical to the property or the transaction-even to customers (non-clients). The MAAP framework (Material, Adverse, Actually known, Physical) is taught in pre-licensing to help practitioners decide what must be disclosed and to distinguish disclosable facts from confidential information or client motivations that must be protected. Examples include known structural defects, roof leaks, or latent physical conditions. This aligns with Maryland's duties of honesty, disclosure of material facts, and prohibition against misrepresentation.
References (Maryland Pre-Licensing Core Content):
* Maryland 60-Hour Course: "Real Estate Brokerage and the Law of Agency" (brokerage duties to clients and customers; disclosure vs. confidentiality; MAAP decision tool).
* COMAR 09.11.02 (standards of practice: honesty; disclosure of material facts; avoidance of misrepresentation).
* Business Occupations & Professions, Title 17 (grounds for discipline related to disclosure and misrepresentation).

NEW QUESTION # 87
When assigning a contract, what should the assignor ensure is permitted in the purchase contract?

A. Acceleration
B. Assignability
C. Termination
D. A due-on-sale clause

Answer: B

Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
A contract assignment occurs when a buyer (the assignor) transfers his or her contractual rights to another party (the assignee) before closing.
However, this is only allowed if the original purchase contract permits assignment-that is, if it includes an assignability clause or does not prohibit assignment.
If the contract specifically states "non-assignable" or "assignment requires seller consent," the assignor must comply with those terms.
This concept appears in the Contracts and Transaction Procedures section of the course.
Reference (Maryland Source):
- Maryland 60-Hour Principles and Practices Course, Real Estate Contracts and Assignments section.
- Maryland Contract Law Principles (General Common Law on Assignability).

NEW QUESTION # 88
In what type of lease does the landlord pay taxes, maintenance, and insurance?

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

Answer: A

Explanation:
In a gross lease, the landlord/lessor pays the property's operating expenses-commonly including real estate taxes, property insurance, and maintenance-while the tenant pays a fixed rent. By contrast, in net and especially triple-net (NNN) leases, the tenant bears some or all of these operating costs (with NNN typically meaning taxes, insurance, and maintenance are all tenant-paid). A percentage lease bases rent (in whole or part) on the tenant's gross sales and does not inherently shift taxes/insurance/maintenance to the landlord.
References: Maryland pre-licensing curriculum topic "Leases and Property Management" (gross vs. net vs.
percentage vs. triple-net lease definitions); industry-standard lease classifications presented in Maryland salesperson pre-licensing materials.

NEW QUESTION # 89
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100% Pass Quiz 2025 Maryland-Real-Estate-Salesperson: Newest Maryland Real Estate Salesperson Examination Sure Pass

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Real Estate Maryland Real Estate Salesperson Examination Sample Questions (Q84-Q89):

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