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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which term is used to define a search of public records going back at least 60 years to establish a property's title history?

A) Limited search
B) Title report
C) Title examination
D) Correction deed

2. Appraiser Niles uses ________ to determine a range of values based on comparing a subject property to comparable sales. He makes sure to use some comparables that lack features of his subject property, and others that have even more desirable features, to balance out the comparison.

A) Correlation
B) Bracketing
C) Competition
D) Substituting

3. What entity enforces the Maryland Code of Ethics?

A) The Maryland Real Estate Commission
B) COMAR
C) The Maryland Association of Real Estate Ethics
D) REALTOR associations

4. If you take gross income and deduct operating expenses, what do you get?

A) Net operating income
B) Effective gross income
C) Potential gross income
D) Profit

5. In the sales comparison approach, the appropriateness of the various comparable sales in relationship to the subject is considered in a process known as ______, where certain factors may be given more weight.

A) Reconciliation
B) Conformity
C) Bracketing
D) Averaging

Solutions: