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Maryland-Real-Estate-Salesperson Dumps With Exact Questions and Answers

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Maryland-Real-Estate-Salesperson Questions and Answers

Question # 1

Shelly buys Mark’s house, which is still in an option period with Monique. Monique decides to exercise her option after Shelly moves in. What will happen?

A.

Mark will have to refund Monique’s option fee.

B.

Nothing will happen, as long as Shelly has a fully executed sales contract with Mark.

C.

Shelly and Mark must form a new option agreement.

D.

Shelly will have to sell the house to Monique.

Question # 2

Which term refers to a permitted deviation from current zoning restrictions that allows an owner to use land for a purpose that’s otherwise prohibited, and requires the owner to prove the zoning creates an unnecessary hardship?

A.

Moratorium

B.

Property variance

C.

Special use permit

D.

Use variance

Question # 3

According to the Maryland Code of Ethics, which statement most accurately describes a licensee's responsibility related to written offers on their listings?

A.

A licensee is only required to present formal written offers that are equal to or more than the listing price.

B.

A licensee is only required to present formal written offers within a certain range of the listing price of the property.

C.

All formal written offers received by the licensee must be presented to the owner, even after the seller accepts an offer.

D.

All formal written offers received by the licensee must be presented to the owner until the seller accepts an offer.

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