PSI Maryland Real Estate Practice Exam 5 (Latest
n n n n n n n
Update) Questions and Answers (GRADED A)
n n n n n n
Maryland n- nState nExam
Your score: 86%
n n
You nhave npassed nthe nexam.
Passing nscore: n80.0
SCORING nBREAKDOWN
Correct: n43/50 Incorrect: n7/50
Focus nHere Needs nWork Good
nMaryland nScores
11 2
Agency
(85.0%)
8 3
Business nConduct
(73.0%)
5 0
Duties nand nPowers nof nthe nReal nEstate
Commission (100.0%)
6 1
Ethics
(86.0%)
4 0
Licensing nRequirements
(100.0%)
9 1
Supervision
(90.0%)
Review nanswers nbelow
Question n1
You ndecide nto ntake nthe nearnest nmoney ndeposit nyou've nbeen ngiven nand nplace nit nin nyour npersonal naccount
, PSI Maryland Real Estate Practice Exam 5 (Latest
n n n n n n n
Update) Questions and Answers (GRADED A)
n n n n n n
until nit nis nneeded nat nclosing. nFailing nto nproperly nsafeguard nand ndeposit nan nearnest nmoney ncheck
nis nan nexample nof nwhat ntype nof nviolation?
, PSI Maryland Real Estate Practice Exam 5 (Latest
n n n n n n n
Update) Questions and Answers (GRADED A)
n n n n n n
Topic: nDuties nand nPowers nof nthe nReal nEstate
nCommission
Subtopic: nSuspensions, nRevocations, nand nPenalties
Conflict n of n interest
Improper n brokerage n commission
Improper n handling n of n trust n money
Misrepresentation
This nis nan nexample nof nimproper nhandling nof ntrust nmoney.
Question n2
What nis nthe nname nof nthe norganization nthat nhas nthe nauthority nto nimpose npenalties nof nup nto
n$25,000 nfor nreal nestate nlicense nlaw nviolations?
n Topic: nDuties nand nPowers nof nthe nReal nEstate nCommission Subtopic: nGeneral nPowers
Maryland n Attorney n General
Maryland n Real n Estate n Commission
Real n Estate n Licensing n Commission
U.S. n Board n of n Real n Estate n Licensees
The nMaryland nReal nEstate nCommission ncan nimpose npenalties nof nup nto n$25,000.
Question n3
, PSI Maryland Real Estate Practice Exam 5 (Latest
n n n n n n n
Update) Questions and Answers (GRADED A)
n n n n n n
Chandler nis na nlicensed nsalesperson nin na nstate nthat ndoesn't nhave na nreciprocal nagreement nwith
nMaryland. nWhat nmust nhe ndo nin norder nto nqualify nfor nlicensure nin nMaryland?
n Topic: nLicensing nRequirements Subtopic: nActivities nRequiring na nLicense
n n n n n n n
Update) Questions and Answers (GRADED A)
n n n n n n
Maryland n- nState nExam
Your score: 86%
n n
You nhave npassed nthe nexam.
Passing nscore: n80.0
SCORING nBREAKDOWN
Correct: n43/50 Incorrect: n7/50
Focus nHere Needs nWork Good
nMaryland nScores
11 2
Agency
(85.0%)
8 3
Business nConduct
(73.0%)
5 0
Duties nand nPowers nof nthe nReal nEstate
Commission (100.0%)
6 1
Ethics
(86.0%)
4 0
Licensing nRequirements
(100.0%)
9 1
Supervision
(90.0%)
Review nanswers nbelow
Question n1
You ndecide nto ntake nthe nearnest nmoney ndeposit nyou've nbeen ngiven nand nplace nit nin nyour npersonal naccount
, PSI Maryland Real Estate Practice Exam 5 (Latest
n n n n n n n
Update) Questions and Answers (GRADED A)
n n n n n n
until nit nis nneeded nat nclosing. nFailing nto nproperly nsafeguard nand ndeposit nan nearnest nmoney ncheck
nis nan nexample nof nwhat ntype nof nviolation?
, PSI Maryland Real Estate Practice Exam 5 (Latest
n n n n n n n
Update) Questions and Answers (GRADED A)
n n n n n n
Topic: nDuties nand nPowers nof nthe nReal nEstate
nCommission
Subtopic: nSuspensions, nRevocations, nand nPenalties
Conflict n of n interest
Improper n brokerage n commission
Improper n handling n of n trust n money
Misrepresentation
This nis nan nexample nof nimproper nhandling nof ntrust nmoney.
Question n2
What nis nthe nname nof nthe norganization nthat nhas nthe nauthority nto nimpose npenalties nof nup nto
n$25,000 nfor nreal nestate nlicense nlaw nviolations?
n Topic: nDuties nand nPowers nof nthe nReal nEstate nCommission Subtopic: nGeneral nPowers
Maryland n Attorney n General
Maryland n Real n Estate n Commission
Real n Estate n Licensing n Commission
U.S. n Board n of n Real n Estate n Licensees
The nMaryland nReal nEstate nCommission ncan nimpose npenalties nof nup nto n$25,000.
Question n3
, PSI Maryland Real Estate Practice Exam 5 (Latest
n n n n n n n
Update) Questions and Answers (GRADED A)
n n n n n n
Chandler nis na nlicensed nsalesperson nin na nstate nthat ndoesn't nhave na nreciprocal nagreement nwith
nMaryland. nWhat nmust nhe ndo nin norder nto nqualify nfor nlicensure nin nMaryland?
n Topic: nLicensing nRequirements Subtopic: nActivities nRequiring na nLicense
