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Free PDF Quiz 2026 Real Estate Updated New Maryland-Real-Estate-Salesperson Test Registration

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Real Estate Maryland Real Estate Salesperson Examination Sample Questions (Q26-Q31):

NEW QUESTION # 26
What does REO stand for?

A. Rental equal opportunity
B. Real estate office
C. Real estate-owned
D. Rental equality ownership

Answer: C

Explanation:
REO stands for Real Estate-Owned. This term refers to properties that have gone through the foreclosure process and are now owned by the lender-usually a bank or mortgage company-because the property did not sell at the foreclosure auction.
These properties become part of the lender's real estate inventory and are often sold through REO departments or asset managers. The Maryland pre-licensing course includes REO properties under "Real Estate Brokerage Operations," explaining how real estate professionals handle and market foreclosed or bank- owned properties.
Reference:
Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course - "Real Estate Brokerage Operations" Module Federal Housing Administration (FHA) and HUD Foreclosure Sales Guidelines.

NEW QUESTION # 27
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 within a certain range of the listing price of the property.
B. All formal written offers received by the licensee must be presented to the owner, even after the seller accepts an offer.
C. A licensee is only required to present formal written offers that are equal to or more than the listing price.
D. All formal written offers received by the licensee must be presented to the owner until the seller accepts an offer.

Answer: D

Explanation:
Comprehensive and Detailed
Under COMAR 09.11.02.33A(5) and the Maryland Code of Ethics, a licensee must promptly present all written offers to the property owner until an offer has been accepted. After acceptance, new offers need not be presented unless the seller specifically requests. This rule ensures fair treatment and full disclosure to clients while maintaining professional standards of practice.

NEW QUESTION # 28
How large is an acre?

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

Answer: D

Explanation:
In the "Math for Real Estate and Practical Applications" portion, area and measurement conversions are foundational. An acre is defined as 43,560 square feet. Option B ("43,560 feet") is incorrect because it omits the necessary square unit. The course emphasizes accurate units and conversions for calculations involving land area, price-per-square-foot/acre, and legal descriptions.
References (Course Outline/Study Topics): Maryland 60-Hour Principles and Practices of Real Estate -
"Math for Real Estate" (Area/acre conversions; unit accuracy).

NEW QUESTION # 29
What happens when a married couple who owns a property as tenants by the entirety divorce?

A. Their ownership changes to tenants in common.
B. Their ownership rights terminate.
C. They become joint tenants with right of survivorship.
D. The one who records title first gets the property.

Answer: A

Explanation:
Tenancy by the entirety is a special form of ownership available only to married couples in Maryland. It provides each spouse with an equal, undivided interest and includes the right of survivorship-if one spouse dies, the surviving spouse automatically owns the entire property.
However, when the couple divorces, the marriage relationship-essential for this ownership form-no longer exists. The law automatically converts the ownership to tenancy in common, unless otherwise specified in the divorce decree or a subsequent agreement.
Reference:
Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course - "Forms of Real Estate Ownership" Section Maryland Real Property Article, 2-117 - Estates by Entirety; Effect of Divorce.

NEW QUESTION # 30
When an offer is prepared by a licensee for a buyer to present to a seller, who determines the amount of the earnest money offered?

A. The licensee
B. The broker
C. The buyer
D. The seller

Answer: C

Explanation:
The buyer determines the amount of the earnest money deposit, since it is the buyer's good-faith indication of intent to perform under the contract.
The licensee can explain customary local practices and typical deposit amounts but may not set or require a specific figure.
The offer, including the deposit amount, becomes binding only when accepted by the seller.
This is emphasized in the Contracts and Offer Preparation module, which explains that the buyer controls all offer terms, including price, contingencies, and deposit.
Reference (Maryland Source):
- Maryland 60-Hour Principles and Practices Course, Real Estate Contracts section.
- Business Occupations and Professions Article 17-322 (Improper Brokerage Practices).

NEW QUESTION # 31
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