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Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
Section
Weight
Objectives
Topic 1: Maryland State Portion
27%
- Ethics
1. Confidentiality and disclosure
2. Professional standards and conduct
3. Conflicts of interest
- Duties and Powers of the Real Estate Commission
1. Disciplinary actions and penalties
2. Rulemaking and enforcement
3. Commission structure and authority
- Supervision
1. Compliance oversight
2. Office management and record keeping
3. Broker responsibility for licensees
- Brokerage Relationships
1. Maryland agency definitions and rules
2. Disclosure forms and requirements
3. Duties to clients and customers
- Licensing Requirements
1. Application and renewal procedures
2. License types and scope of authority
3. Eligibility and education requirements
- Business Conduct
1. Advertising regulations
2. Trust fund handling
3. Unlawful practices and prohibited acts
Topic 2: National Portion
73%
- Transfer of Property
1. Closing process and documents
2. Deeds and title transfer
3. Title insurance and recording
- Valuation and Market Analysis
1. Comparative market analysis
2. Appraisal principles and methods
3. Factors affecting property value
- Contracts
1. Contract contingencies and remedies
2. Elements of valid contracts
3. Listing and buyer representation contracts
4. Purchase and sale agreements
- Financing
1. Government loan programs (FHA, VA, USDA)
2. Mortgage types and lending regulations
3. Closing and settlement procedures
4. Loan qualification and underwriting
- Property Disclosures
1. Environmental disclosures
2. Property condition disclosures
3. Lead-based paint and other federal requirements
- Property Ownership
1. Real and personal property
2. Encumbrances and easements
3. Land characteristics and legal descriptions
4. Forms of ownership
- Real Estate Calculations
1. Commission and fee calculations
2. Area and volume measurements
3. Prorations and closing costs
- General Principles of Agency
1. Agency relationships and creation
2. Termination of agency
3. Agency disclosure requirements
4. Fiduciary duties and obligations
- Land Use Controls and Regulations
1. Public controls: zoning, building codes, environmental laws
2. Private controls: deed restrictions, HOA rules
- Practice of Real Estate
1. Advertising and business practices
2. Fair housing laws and anti-discrimination
3. Escrow and trust account management
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
Isabelle just took on a new listing, in which the owner is selling because a new freeway is being built right behind the house. The owner is concerned about the noise and other activity the freeway will bring, but doesn't want prospective buyers to know this. Which action best demonstrates good faith in this scenario?
A. Isabelle decides not to take the listing, since the property will be impossible to sell.
B. Isabelle takes the listing and, per her client's instructions, doesn't tell prospective buyers about the planned road construction.
C. Isabelle tells the owner that this is a material fact related to the property that must be disclosed to prospective buyers, or Isabelle will not take the listing.
D. Isabelle takes the listing, tells the seller she won't discuss the new freeway, then discloses this fact to prospective buyers, since it's material to the property.
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