@PROFDOCDIGITALLIBRARIES
MD Real Estate Exam CE Shop Results
answers 2025
In order to be enforceable, what does the Statute of Frauds require a real
estate contract to be? - ANSWER-a) In writing
Which of the following items is something a lender is prohibited from doing if
the lender wants to write qualified mortgages? - ANSWER-Payback terms
longer than 30 years
PR
Janice's life tenant, Jacob, is currently living on her property. Once Jacob dies,
Janice has made arrangements that the property will go to the School for the
Gifted. What interest does the School for the Gifted currently have? - ANSWER-
Remainder
O
FD
In states without full disclosure requirements, whose responsibility is it to
review disclosures, ask questions, and obtain a home inspection? - ANSWER-
Buyer
O
Jill needs to pay the web developer who created a new website for her
brokerage, but her checking account is low, so she floats herself a loan from
C
earnest money kept in the brokerage's escrow account and deposits it in her
account for a few days before paying the developer. Which answer correctly
identifies the violation(s) Jill has committed? - ANSWER-Commingling and
conversion
Which of these statements about cooperating with other licensees is true? -
ANSWER-Licensees must cooperate with other licensees when it is in the
interest of their client, and share the commission on a previously agreed-upon
basis.
, @PROFDOCDIGITALLIBRARIES
Which of these is a potential drawback to a real property exchange? - ANSWER-
Taxable gains
Agatha helped her client Rufus complete the ______, which documents Rufus's
purchase offer to the seller for the property he is interested in buying. -
ANSWER-Sales contract
A buyer with a 15-year, $250,000 loan at a 5.5% interest rate has a monthly
principal and interest payment totaling $2,042.71. If $1,145.83 is interest, how
much is applied to principal? - ANSWER-$896.88
PR
Jerome, a real estate licensee, works independently instead of under a
sponsoring broker. This means that he is licensed as ________. - ANSWER-A
broker
O
The power of the state to claim property when the owner dies without a will
FD
and without locatable heirs or creditors is also known as ______. - ANSWER-
Escheat
O
When preparing the sales contract, when is it acceptable for a licensee who is
not an attorney to offer legal advice to the client? - ANSWER-Never
C
Although Kirk has been paying rent toward his ground lease for more than 17
years, he will never be able to buy the lease from the landowner. What type of
ground lease does Kirk have? - ANSWER-Irredeemable
You are meeting with prospective clients in person for the first time. What are
you required by law to explain to them? - ANSWER-The types of agency
relationships they may have with a real estate professional
MD Real Estate Exam CE Shop Results
answers 2025
In order to be enforceable, what does the Statute of Frauds require a real
estate contract to be? - ANSWER-a) In writing
Which of the following items is something a lender is prohibited from doing if
the lender wants to write qualified mortgages? - ANSWER-Payback terms
longer than 30 years
PR
Janice's life tenant, Jacob, is currently living on her property. Once Jacob dies,
Janice has made arrangements that the property will go to the School for the
Gifted. What interest does the School for the Gifted currently have? - ANSWER-
Remainder
O
FD
In states without full disclosure requirements, whose responsibility is it to
review disclosures, ask questions, and obtain a home inspection? - ANSWER-
Buyer
O
Jill needs to pay the web developer who created a new website for her
brokerage, but her checking account is low, so she floats herself a loan from
C
earnest money kept in the brokerage's escrow account and deposits it in her
account for a few days before paying the developer. Which answer correctly
identifies the violation(s) Jill has committed? - ANSWER-Commingling and
conversion
Which of these statements about cooperating with other licensees is true? -
ANSWER-Licensees must cooperate with other licensees when it is in the
interest of their client, and share the commission on a previously agreed-upon
basis.
, @PROFDOCDIGITALLIBRARIES
Which of these is a potential drawback to a real property exchange? - ANSWER-
Taxable gains
Agatha helped her client Rufus complete the ______, which documents Rufus's
purchase offer to the seller for the property he is interested in buying. -
ANSWER-Sales contract
A buyer with a 15-year, $250,000 loan at a 5.5% interest rate has a monthly
principal and interest payment totaling $2,042.71. If $1,145.83 is interest, how
much is applied to principal? - ANSWER-$896.88
PR
Jerome, a real estate licensee, works independently instead of under a
sponsoring broker. This means that he is licensed as ________. - ANSWER-A
broker
O
The power of the state to claim property when the owner dies without a will
FD
and without locatable heirs or creditors is also known as ______. - ANSWER-
Escheat
O
When preparing the sales contract, when is it acceptable for a licensee who is
not an attorney to offer legal advice to the client? - ANSWER-Never
C
Although Kirk has been paying rent toward his ground lease for more than 17
years, he will never be able to buy the lease from the landowner. What type of
ground lease does Kirk have? - ANSWER-Irredeemable
You are meeting with prospective clients in person for the first time. What are
you required by law to explain to them? - ANSWER-The types of agency
relationships they may have with a real estate professional
