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Updated: Aug 09, 2026
Q & A: 214 Questions and Answers
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| Section | Objectives |
|---|---|
| National Real Estate Principles | - Financing - Real Estate Practice and Fair Housing - Agency Relationships and Duties - Property Ownership and Land Use Controls - Transfer of Title and Closing Procedures - Valuation and Market Analysis - Contracts - Real Estate Calculations |
| Maryland State Law and Regulations | - Property Disclosure Requirements (e.g., defects, lead-based paint) - Maryland Real Estate Commission (MREC) Rules and Authority - Advertising and Brokerage Practices - Disciplinary Actions and Enforcement - Agency Disclosure and Representation in Maryland - Licensing Requirements and Procedures - Trust Accounts and Handling Client Funds |
1. 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) No. Renae hasn't violated agency law by showing the same property to two separate buyer clients.
B) Yes. Renae should've asked Shannon if she wanted to make an offer before showing the property to another client.
C) No. Agency law only requires that the first buyer be given one day to make an offer before showing a property to another client.
D) Yes. Agency law prohibits Renae from showing the same property to two buyer clients.
2. What's the primary purpose of bulk zoning?
A) To restrict density
B) To keep like properties together
C) To increase density
D) To allow warehouse facilities in residential areas
3. A statement such as "This is a dream home with the best views in town" made by a licensee is an example of what?
A) Puffery
B) Intentional misrepresentation
C) A lie
D) Positive misrepresentation
4. In a real estate transaction, who does a licensee represent?
A) A client or customer
B) A customer
C) A principal or customer
D) A client
5. What happens when a married couple who owns a property as tenants by the entirety divorce?
A) The one who records title first gets the property.
B) They become joint tenants with right of survivorship.
C) Their ownership changes to tenants in common.
D) Their ownership rights terminate.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
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