Free Maryland Real Estate Commission Maryland-Real-Estate-Salesperson Exam Questions

Become Maryland Real Estate Commission Certified with updated Maryland-Real-Estate-Salesperson exam questions and correct answers

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Total 101 Questions | Updated On: Mar 05, 2026

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Question 1

The cost approach to finding an appraised value measures which of the following?

A : The cost to acquire land and construct a reproduction

B : The cost to acquire land only

C : The cost to construct a reproduction only

D : The expenses the property is expected to produce for the owner

Answer: A

Question 2

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 3

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

Question 4

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 5

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

Page: 1 / 21

Total 101 Questions | Updated On: Mar 05, 2026

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