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Real Estate Maryland Real Estate Salesperson Examination Sample Questions (Q59-Q64):

NEW QUESTION # 59
Which of the following is an example of a metes and bounds description?

A. "Beginning at the iron pin 30 paces from the center of the brook that runs across the road Southwesterly from the dwelling ..."
B. 123 Roanoke Street, Any Town, ST 98765
C. Lot 6 of Block 3 of the Meridian subdivision ...
D. S ½ SE ¼ NW ¼ Section 2 ...

Answer: A

Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
The metes and bounds system is the oldest method of land description used in the United States and is based on physical landmarks, measurements, and compass directions.
It begins at a defined point of beginning (POB) and traces the boundaries using distances (metes) and directions or angles (bounds), returning to the starting point.
In contrast:
Lot and block (option C) refers to recorded plats.
Rectangular survey (option D) uses township and range.
Street addresses (option A) are not legal descriptions.Maryland still recognizes metes and bounds for rural or irregular parcels.
Reference:
Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course - "Real Property and the Law" Module Maryland Real Property Article §3-101 - Legal Descriptions and Conveyance Requirements.

NEW QUESTION # 60
Why are legal descriptions required in real estate contracts?

A. To establish the legal boundaries for future construction on the property
B. To ensure the piece of property can be clearly identified from all other properties
C. To guarantee the buyer is receiving the exact property they believe they are purchasing
D. To calculate the exact property taxes owed by the new owner

Answer: B

Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
A legal description uniquely identifies a parcel of real estate so it can be distinguished from every other property.
In Maryland, contracts and deeds must contain a valid legal description, such as:
Metes and bounds,
Lot and block, or
Rectangular survey (government survey).This ensures the transfer is legally enforceable and leaves no ambiguity about what property is being conveyed.Without a legal description, a real estate contract or deed may be deemed invalid or unenforceable in court.
Reference:
Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course - "Real Property and the Law" Module Maryland Real Property Article §3-101 - Formal Requisites of Instruments of Conveyance.

NEW QUESTION # 61
A buyer representation agreement is similar to which document used when representing a seller?

A. A consumer notice
B. A seller disclosure
C. A seller's net sheet
D. A listing agreement

Answer: D

Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
A buyer representation agreement establishes an agency relationship between a buyer and a broker, outlining the broker's duties and compensation for assisting the buyer in finding and purchasing a property.
This agreement serves the same purpose as a listing agreement does for a seller-it defines the relationship, responsibilities, and authority between client and broker.
Both agreements are legally binding contracts and must include the terms of representation, duration, and agency disclosures as required by Maryland Real Estate Commission (MREC) regulations.
Reference:
Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course - "Listing Agreements and Buyer Representation" Module Md. Business Occupations and Professions Article §17-532 - Duties of Licensees in Agency Relationships.

NEW QUESTION # 62
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. All formal written offers received by the licensee must be presented to the owner until the seller accepts an offer.
C. All formal written offers received by the licensee must be presented to the owner, even after the seller accepts an offer.
D. A licensee is only required to present formal written offers within a certain range of the listing price of the property.

Answer: B

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 # 63
When must the consent for dual agency be reaffirmed by the parties to the transaction?

A. Once the contract has been signed by all parties
B. After the buyer has deposited earnest money
C. Prior to the parties entering into the contract for the transaction
D. Prior to the inspection

Answer: C

Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
In Maryland, when a broker or brokerage firm represents both the buyer and the seller in the same transaction, dual agency may occur only with the informed written consent of both parties.
This consent must be initially obtained when the parties agree to representation and then reaffirmed in writing before either party signs the sales contract.
This ensures both understand the limitations on confidentiality and loyalty that dual agency imposes.
Reference (Maryland Source):
- Maryland 60-Hour Principles and Practices Course, Maryland Agency Law section.
- Business Occupations and Professions Article §17-534.
- COMAR 09.11.07.07 - Consent to Dual Agency.

NEW QUESTION # 64
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