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Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
1. James creates a trust to hold a piece of real estate he owns. He directs a corporate fiduciary to hold title to the real estate and provides instructions for the management, control, and disposition of the real estate upon his death. Given that the trust only holds real estate, James likely set up a(n) ________ trust.
A) Assignable
B) Land
C) Testamentary
D) Tertiary
2. Which of the following actions transforms real property into personal property?
A) Annexation
B) Sale of the property
C) Emblements
D) Severance
3. The cost approach to finding an appraised value measures which of the following?
A) The cost to acquire land and construct a reproduction
B) The cost to acquire land only
C) The expenses the property is expected to produce for the owner
D) The cost to construct a reproduction only
4. Which of these is an example of a lot-and-block 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) S ½ SE ¼ NW ¼ Section 2 ...
C) 123 Roanoke Street Any Town, ST 98765
D) Lot 6 of Block 3 of the East Subdivision plat as recorded in Map Book 18, Page 11 at the Recorder of Deeds
5. Homes built before 1978 may have what environmental hazard in their paint?
A) Radiation
B) Arsenic
C) Asbestos
D) Lead
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: D |
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