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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which of these is a colorless, odorless, radioactive gas that is released when uranium decays?

A) Radon
B) Carbon monoxide
C) Polychlorinated biphenyls
D) Chlorofluorocarbons

2. Which of the following is true about USDA loans?

A) They mirror the requirements for conventional loans.
B) They're for farm loans only.
C) They're for rural housing loans only.
D) Loan terms may be as long as 38 years.

3. How many approaches to value do appraisers generally use?

A) One
B) Two
C) Four
D) Three

4. Which of the following best describes the concept of appreciation?

A) When the value of a property increases over time.
B) When a property's value increases as a result of capital improvements.
C) When the value of a property decreases over time.
D) When losses are deducted from a property's value for tax purposes.

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

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

Solutions: