Free Real Estate Maryland-Real-Estate-Salesperson Exam Dumps Questions & Answers

Who is responsible for ordering an appraisal, completing the loan application, ordering a home inspection, and obtaining homeowners insurance before closing?

• A.The seller
• B.The lender
• C.The buyer
• D.The title insurance company

Which of the following is one of your duties as a listing agent?

• A.Hold confidential all facts from the buyer, even material facts.
• B.Promote your client's interests throughout the entire transaction.
• C.Disclose material facts to the seller only.
• D.Secure a profit for your client.

Which of the following refers to a situation where a third party intentionally disrupts a contractual relationship between two parties?

• A.Performing services that would qualify as practice of law
• B.Making a substantial and willful misrepresentation
• C.Failure to disclose an agency relationship
• D.Contractual interference

Which of the following scenarios is an example of group boycotting?

• A.Setting a standard commission rate with competitors
• B.Making doing business with a client dependent on the client also obtaining services from a related business
• C.Agreeing with competitors to not cooperate with another business
• D.Segmenting the market to limit competition

Renae showed a property to Shannon, a buyer client, then to another client later that week. The second client made an offer and the seller accepted. The next day, Shannon called Renae to make an offer on the property and was angry that Renae showed it to another buyer. Did Shannon have a case?

• A.Yes. Renae should've asked Shannon if she wanted to make an offer before showing the property to another client.
• B.No. Agency law only requires that the first buyer be given one day to make an offer before showing a property to another client.
• C.No. Renae hasn't violated agency law by showing the same property to two separate buyer clients.
• D.Yes. Agency law prohibits Renae from showing the same property to two buyer clients.