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

Section

Weight

Objectives

Maryland State Portion

27%

- Licensing Requirements

1. Eligibility and education requirements
2. Application and renewal procedures
3. License types and scope of authority

- Business Conduct

1. Unlawful practices and prohibited acts
2. Advertising regulations
3. Trust fund handling

- Duties and Powers of the Real Estate Commission

1. Rulemaking and enforcement
2. Commission structure and authority
3. Disciplinary actions and penalties

- Supervision

1. Office management and record keeping
2. Broker responsibility for licensees
3. Compliance oversight

- Ethics

1. Conflicts of interest
2. Professional standards and conduct
3. Confidentiality and disclosure

- Brokerage Relationships

1. Maryland agency definitions and rules
2. Duties to clients and customers
3. Disclosure forms and requirements

National Portion

73%

- Valuation and Market Analysis

1. Factors affecting property value
2. Comparative market analysis
3. Appraisal principles and methods

- Contracts

1. Elements of valid contracts
2. Purchase and sale agreements
3. Contract contingencies and remedies
4. Listing and buyer representation contracts

- Financing

1. Government loan programs (FHA, VA, USDA)
2. Mortgage types and lending regulations
3. Loan qualification and underwriting
4. Closing and settlement procedures

- Property Ownership

1. Real and personal property
2. Encumbrances and easements
3. Land characteristics and legal descriptions
4. Forms of ownership

- Land Use Controls and Regulations

1. Private controls: deed restrictions, HOA rules
2. Public controls: zoning, building codes, environmental laws

- General Principles of Agency

1. Agency relationships and creation
2. Agency disclosure requirements
3. Fiduciary duties and obligations
4. Termination of agency

- Practice of Real Estate

1. Advertising and business practices
2. Escrow and trust account management
3. Fair housing laws and anti-discrimination

- Transfer of Property

1. Deeds and title transfer
2. Closing process and documents
3. Title insurance and recording

- Property Disclosures

1. Lead-based paint and other federal requirements
2. Property condition disclosures
3. Environmental disclosures

- Real Estate Calculations

1. Area and volume measurements
2. Prorations and closing costs
3. Commission and fee calculations

Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

Question #1

Before you sign an exclusive right to sell agreement with a seller, what must you do?

A. Explain the option of the exclusive agency agreement.
B. List the property.
C. Market the property.
D. Provide a pro forma.

Reveal Solution Discussion 0

Correct Answer: A 🗳️