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Updated: Jul 14, 2026
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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
1. In relation to appraisals, what is a "federally related transaction"?
A) An appraisal that a federally licensed appraiser conducts
B) A transaction in which financing is obtained from foreign investors
C) A real estate transaction in which a federal financial agency or regulatory authority is involved
D) A transaction involving the sale of government secrets
2. The lender will require flood insurance if the home is ________.
A) Located in a flood plain
B) Located in a valley
C) New construction
D) More than 100 years old
3. Which of the following refers to the increase in the value of an asset that is subject to taxation?
A) Taxable gains
B) Depreciation
C) Equity
D) Deferment
4. Which of the following is a material fact that must be disclosed to prospective buyers?
A) A lead-based paint disclosure must be included since the home was built in 1957.
B) A previous owner had HIV.
C) A house has had more than ten owners.
D) A previous homeowner had Ebola.
5. Carson is purchasing a $600,000 property by obtaining an 80/20 loan. How much is Carson financing?
A) $600,000
B) $420,000
C) $480,000
D) $120,000
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |
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