Maryland Real Estate Salesperson 시험 - Real Estate실제시험문제와 답 - 88문항

Question No : 1

Why was the Civil Rights Act of 1866 monumental among fair housing and antidiscrimination laws?

A.It abolished slavery.
B.It added sexual orientation as a protected class.
C.It provided no exceptions for discrimination based on race or color.
D.It was adopted by the United Nations.

정답:
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
The Civil Rights Act of 1866 was the first federal law to address discrimination in housing and property rights. It declares that all U.S. citizens shall have the same rights as white citizens to inherit, purchase, lease, sell, hold, and convey real and personal property, regardless of race or color.
Unlike later fair housing laws, this Act includes no exemptions―it applies to all property transactions, public or private.
This law is a foundation of modern fair housing legislation, and its absolute prohibition on racial discrimination still applies today.
Reference (Maryland Source):
C Maryland 60-Hour Principles and Practices Course, Fair Housing and Ethics section.
C Civil Rights Act of 1866, 42 U.S.C. §1982.

Question No : 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.Bracketing
B.Competition
C.Correlation
D.Substituting

정답:
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
Bracketing is an appraisal technique used in the sales comparison approach.
An appraiser selects comparables (“comps”) that are both superior and inferior to the subject property in key features (size, amenities, condition, etc.) to ensure the subject’s value falls within a supported range.
This method provides a balanced and realistic market value estimate.
The Maryland pre-licensing course explains bracketing in the “Real Estate Appraisal and Valuation” section to prepare students for both state and national exam questions on comparative analysis.
Reference: Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course C “Real Estate Appraisal and Valuation” Module
Uniform Standards of Professional Appraisal Practice (USPAP) C Sales Comparison Approach Guidance.

Question No : 3

Why are legal descriptions required in real estate contracts?

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

정답:
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 C “Real Property and the Law” Module
Maryland Real Property Article §3-101 C Formal Requisites of Instruments of Conveyance.

Question No : 4

How does the building department ensure that a builder who has obtained a permit builds according to code?

A.The builder is required to submit to weekly inspections performed by peers in the industry.
B.The builder signs an affidavit to that effect.
C.The builder submits a monthly progress report.
D.The building department sends inspectors to inspect the work.

정답:
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
Once a building permit is issued, the local building department monitors the construction process through inspections at key stages (foundation, framing, electrical, plumbing, final).
The purpose of these inspections is to ensure that work complies with state and local building codes and safety standards.
Maryland’s pre-licensing course explains that certified building inspectors―not peers or the builder―conduct these inspections.
Only after passing all required inspections will the department issue a certificate of occupancy (CO) confirming code compliance and permitting lawful use of the structure.
Reference: Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course C “Land Use Controls and Property Development” Module
Maryland Building Performance Standards (COMAR Title 09, Subtitle 12, Chapter 51).

Question No : 5

When operating under a power of attorney concerning the transfer of real property, who may sign in place of the principal?

A.Agent
B.County clerk
C.Grantee
D.Principal

정답:
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
A power of attorney (POA) is a legal document authorizing one person (the agent or attorney-in-fact) to act on behalf of another person (the principal) in specified matters.
When it comes to transferring real property, a valid, notarized, and recorded power of attorney gives the agent the authority to sign all necessary documents in place of the principal.
The Maryland 60-Hour Course explains this under “Transfer of Title,” emphasizing that all signatures must be properly acknowledged to be legally enforceable, and the power of attorney must be recorded with the deed.
Reference: Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course C “Transfer of Title” Module
Maryland Real Property Article §4-107 C Execution by Attorney-in-Fact; Power of Attorney Requirements.

Question No : 6

Between commercial and residential properties, which type of property is depreciated for a longer time?

A.Both commercial and residential income-producing properties are depreciated according to the same schedule.
B.Commercial income-producing properties are depreciated longer (39 years) than residential income-producing properties (27.5 years) are.
C.Residential income-producing properties are depreciated longer (39 years) than commercial income-producing properties (27.5 years) are.
D.You cannot depreciate income-producing properties.

정답:
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
Under the Internal Revenue Code (IRC §168), depreciation is a method for recovering the cost of income-producing property over time.
Residential income-producing properties (such as apartment buildings) are depreciated over 27.5 years.
Commercial income-producing properties (such as office buildings) are depreciated over 39 years. These timelines are based on the Modified Accelerated Cost Recovery System (MACRS) used for tax purposes. This concept is included in the Maryland Pre-Licensing Course within the Appraisal and Valuation section, to ensure licensees understand property valuation and investment considerations.
Reference: Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course C “Real Estate Appraisal and Valuation” Module
Internal Revenue Code §168 C MACRS Depreciation Rules.

Question No : 7

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

A.The buyer and seller
B.The buyer’s agent and seller
C.The listing broker and seller
D.The seller and lender

정답:
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
A listing agreement is a legally binding contract that establishes an agency relationship between the seller (client) and the listing broker (agent).
The agreement authorizes the broker to market the property and represent the seller’s interests in finding a ready, willing, and able buyer.
While the salesperson may work directly with the seller, the contractual relationship exists between the broker and the seller―not the individual licensee.
This principle is emphasized in the Maryland course under “Listing Agreements and Buyer Representation.”
Reference: Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course C “Listing Agreements and Buyer Representation” Module
Md. Business Occupations and Professions Article §17-532 C Agency Relationship Between Broker and Client.

Question No : 8

What regulation or regulatory authority identifies sites that have hazardous substances, and requires the responsible parties to clean them up?

A.Comprehensive Environmental Response, Compensation, and Liability Act
B.Department of Housing and Urban Development
C.State Department of Environmental Quality
D.The National Environmental Policy Act

정답:
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), enacted in 1980 and commonly known as “Superfund,” authorizes the Environmental Protection Agency (EPA) to identify and clean up sites contaminated with hazardous substances.
CERCLA also establishes liability for potentially responsible parties (PRPs)―including current and past owners, operators, and those who arranged for disposal of hazardous substances.
Maryland’s pre-licensing course covers CERCLA as a federal regulation that affects real estate transactions involving contaminated properties, as buyers and sellers must be aware of any cleanup responsibilities before transfer.
Reference: Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course C “Environmental Issues and Disclosures” Module
Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. §9601 et seq.).

Question No : 9

Why would a buyer want to know whether any additions or alterations were made to a property?

A.So the buyer can decide whether a price reduction is in order
B.So the buyer can determine if permits were pulled
C.So the buyer can remove these items prior to closing
D.So the buyer can use the same contractor for additional additions and alterations

정답:
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
In Maryland, buyers have the right to receive full disclosure of any additions, alterations, or improvements made to a property. This is crucial because such modifications may have required building permits and inspections under state and local building codes. A buyer wants to know whether permits were obtained to ensure that:
The work was done legally and safely,
It meets local code requirements, and
There are no future liability or resale issues.
Unpermitted work can lead to enforcement actions or costly repairs. The Maryland Property
Disclosure and Disclaimer Statement (per Real Property §10-702) requires sellers to disclose known
material defects or improvements.
Reference: Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course C “Environmental Issues and Disclosures” Module
Maryland Real Property Article §10-702 C Residential Property Disclosure and Disclaimer Requirements.

Question No : 10

A.By advising the client on landlord/tenant responsibilities
B.By describing the legal implications of contract clauses in detail
C.By drafting new contract language to suit the client’s needs
D.By explaining the general purpose of the contract clause without interpreting its legal impact

정답:
Explanation:
Comprehensive and Detailed
Licensees are permitted to explain the purpose and factual content of real estate contracts but may not interpret legal implications or draft custom clauses, which constitutes the unauthorized practice of law. The Maryland course teaches that to stay compliant, a salesperson should explain what a clause does in general terms and refer clients to a licensed attorney for legal interpretation.
Reference: Maryland 60-Hour Principles and Practices C “Real Estate Contracts”; Maryland Real Estate Brokers Act, §17-322 C Prohibited Acts (Unauthorized Practice of Law).

Question No : 11

A.A classified advertising site that charges by the column inch
B.A free service for real estate professionals and the public
C.An online database of active, under contract, sold, expired, and withdrawn listings
D.A proprietary site open only to real estate professionals

정답:
Explanation:
Comprehensive and Detailed
The Multiple Listing Service (MLS) is a cooperative online database used by licensed real estate
professionals to share information about properties for sale or lease. It includes active, pending/under-contract, sold, expired, and withdrawn listings. The MLS enhances market transparency and cooperation among brokers, ensuring accurate data and broad property exposure.
Reference: Maryland 60-Hour Principles and Practices C “Real Estate Brokerage Operations” module.

Question No : 12

Concepts]

A.Deferment
B.Depreciation
C.Equity
D.Taxable gains

정답:
Explanation:
Comprehensive and Detailed
A real property exchange, often called a 1031 exchange, allows investors to defer paying capital gains taxes when swapping one investment property for another of like kind. However, if the transaction does not meet IRS requirements or if “boot” (cash or non-like-kind property) is received, the gain becomes taxable. The Maryland course identifies taxable gains as the main drawback when the exchange fails to fully qualify for deferral.
Reference: Maryland 60-Hour Principles and Practices C “Real Estate Financing and Investment”; Internal Revenue Code §1031.

Question No : 13

A.It’s used to build high-end housing.
B.It’s used to build new shopping malls.
C.It’s used to determine property tax increases.
D.It’s used to fund essential services and public works.

정답:
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:
Property taxes are levied by local governments to generate revenue that funds essential community services such as public education, police and fire protection, road maintenance, sanitation, and other municipal infrastructure projects. The Maryland course stresses that these taxes are a key component of a stable community and ensure that property owners contribute proportionally to maintaining public amenities.
Reference: Maryland 60-Hour Principles and Practices C “Real Property and the Law” unit; Maryland Tax-Property Article, Title 6.

Question No : 14

How does the income from property taxes benefit the community?

A.It’s used to build high-end housing.
B.It’s used to build new shopping malls.
C.It’s used to determine property tax increases.
D.It’s used to fund essential services and public works.

정답:
Explanation:
Comprehensive and Detailed
Property taxes collected by local jurisdictions in Maryland support essential public services such as schools, police and fire departments, infrastructure maintenance, libraries, and sanitation. The revenue forms the primary funding source for county and municipal budgets. These taxes do not automatically determine future tax rates; rather, they sustain ongoing community operations and improvements.
Reference: Maryland 60-Hour Course C “Land Use Controls and Property Development” topic; Maryland Tax-Property Article § 6-201 and Local Government Finance Overview.

Question No : 15

What do you call the person or entity that oversees trust or escrow money?

A.Escrow agent
B.Escrow master
C.Mortgage agent
D.Special agent

정답:
Explanation:
Comprehensive and Detailed
The escrow agent (often the broker, title company, or attorney) is the fiduciary who receives and holds trust money in a regulated escrow account until contract terms are fulfilled. In Maryland, the broker is responsible for maintaining escrow records and depositing all trust money promptly in accordance with COMAR 09.11.02.19. “Escrow master” and “mortgage agent” are not legal titles under Maryland law, and “special agent” refers to the agency relationship, not handling of funds.
Reference: Maryland 60-Hour Course C “Real Estate Brokerage Operations” section; Maryland Business Occupations and Professions Article § 17-505 (Escrow Accounts).

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