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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:

1. Once signed, the listing agreement is a legally binding contract between

A) The buyer and seller
B) The seller and lender
C) The buyer's agent and seller
D) The listing broker and seller

2. Complete this formula: Net to seller = ______

A) Market value
B) (100% - commission rate)
C) Closing costs
D) Sales price
E) Commission rate

3. The earth's surface, extending downward to the center of the earth and upward to infinity, including permanently attached natural objects, is called ______.

A) Real estate
B) Estate
C) Land
D) Real property

4. What is the term for paying off a loan over time?

A) Mortgage
B) Installment
C) Loan
D) Amortization

5. What's the area of a rectangular building that's 40 feet by 20 feet?

A) 800 feet
B) 80 square feet
C) 800 square feet
D) 80 feet

Solutions: