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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

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

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

2. An organization with many investors who jointly participate in a real estate investment and must adhere to the rules and regulations of the Securities and Exchange Commission is a

A) C corporation
B) Syndicate
C) Partnership
D) S corporation

3. To effect a transfer of title by deed, ______ must occur.

A) Exchange of money
B) Deed review
C) Judicial validation
D) Delivery and acceptance

4. What best describes a Multiple Listing Service (MLS) in real estate?

A) A free service for real estate professionals and the public
B) A proprietary site open only to real estate professionals
C) An online database of active, under contract, sold, expired, and withdrawn listings
D) A classified advertising site that charges by the column inch

5. How large is an acre?

A) 43,560 feet
B) 5,480 square feet
C) 10,000 square meters
D) 43,560 square feet

Solutions: