Free MSSC CFT Exam Questions

Become MSSC Certified with updated CFT exam questions and correct answers

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Total 0 Questions | Updated On: Mar 06, 2026

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Question 1

What must an agent do if they receive an undisclosed bonus from a seller to incentivize closing by a certain date?

A : The agent can accept the bonus without any disclosure requirements.

B : The agent must disclose the bonus to any buyers they are working with on the transaction.

C : The agent should keep the bonus confidential and not inform the broker.

D : The agent should pay the bonus to the broker.

Answer: B

Question 2

Why are legal descriptions required in real estate contracts?

A : To calculate the exact property taxes owed by the new owner

B : To ensure the piece of property can be clearly identified from all other properties

C : To establish the legal boundaries for future construction on the property

D : To guarantee the buyer is receiving the exact property they believe they are purchasing

Answer: B

Question 3

Assume you are a licensee in Maryland who has recently entered into an agreement with a seller to represent their interests in a real estate transaction. At what point are you required to provide a potential buyer with the agency disclosure notice?

A : After the buyer deposits the earnest money in escrow

B : After the seller accepts the buyer's offer

C : At your first scheduled face-to-face meeting with the buyer about the seller's property

D : When the buyer asks you to represent them as well

Answer: C

Question 4

What type of license will you receive if you have a supervising broker at the time of application?

A : Active license

B : Brokers license

C : Firm license

D : Inactive license

Answer: A

Question 5

Which of the following best describes the concept of appreciation?

A : When a property's value increases as a result of capital improvements.

B : When losses are deducted from a property's value for tax purposes.

C : When the value of a property decreases over time.

D : When the value of a property increases over time.

Answer: D

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Total 0 Questions | Updated On: Mar 06, 2026

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