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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Which of the following is a method a real estate licensee uses to determine an appropriate listing price range?

A) Appraisal
B) Comparative market analysis
C) Market process
D) Proforma

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. Your client, Bruno, is an investor. He is in the process of selling a fourplex and mentions to you that he hates the idea of the capital gains tax he'll be subject to. What should you tell him?

A) "Investors don't pay taxes."
B) "Taxes are required, no matter what you do."
C) "You might consider a 1031 tax-deferred exchange."
D) "Capital gains do not apply to investment properties."

4. Risks to computer systems can be reduced by avoiding public networks, sites, and suspicious sites.

A) Encrypted
B) Unsecure
C) Secure
D) All

5. Real property ownership may offer significant tax advantages. Which one of the following is a potential advantage?

A) Depreciation
B) Insurance expenses
C) Transfer tax
D) Taxable gains

Solutions: