PSI Maryland Real Estate Practice Exam 5 (Latest U
g g g g g g g g
pdate) Questions and Answers (GRADED A)
g g g g g
Marylandg-gStategExam
Your score: 86%
g g
Youghavegpassedgthegexam.
Passinggscore:g80.0
SCORINGgBREAKDOWN
Correct:g43/50 Incorrect:g7/50
FocusgHere NeedsgWork
GoodgMarylandgScores
11 2
Agency
(85.0%)
8 3
BusinessgConduct
(73.0%)
5 0
DutiesgandgPowersgofgthegRealgEstategCommission
(100.0%)
6 1
Ethics
(86.0%)
4 0
LicensinggRequirements
(100.0%)
9 1
Supervision
(90.0%)
Reviewganswersgbelow
Questiong1
Yougdecidegtogtakegthegearnestgmoneygdepositgyou'vegbeenggivengandgplacegitgingyourgpersonalgaccount
, PSI Maryland Real Estate Practice Exam 5 (Latest U
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pdate) Questions and Answers (GRADED A)
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untilgitgisgneededgatgclosing.gFailinggtogproperlygsafeguardgandgdepositgangearnestgmoneygcheckgisgangex
amplegofgwhatgtypegofgviolation?
, PSI Maryland Real Estate Practice Exam 5 (Latest U
g g g g g g g g
pdate) Questions and Answers (GRADED A)
g g g g g
Topic:gDutiesgandgPowersgofgthegRealgEstategCommission
Subtopic:gSuspensions,gRevocations,gandgPenalties
Conflictg ofg interest
Improperg brokerageg commission
Improperg handlingg ofg trustg money
Misrepresentation
Thisgisgangexamplegofgimproperghandlinggofgtrustgmoney.
Questiong2
Whatgisgthegnamegofgthegorganizationgthatghasgthegauthoritygtogimposegpenaltiesgofgupgtog$25,000gforgre
algestateglicenseglawgviolations?
g Topic:gDutiesgandgPowersgofgthegRealgEstategCommission Subtopic:gGeneralgPowers
Marylandg Attorneyg General
Marylandg Realg Estateg Commission
Realg Estateg Licensingg Commission
U.S.g Boardg ofg Realg Estateg Licensees
ThegMarylandgRealgEstategCommissiongcangimposegpenaltiesgofgupgtog$25,000.
Questiong3
, PSI Maryland Real Estate Practice Exam 5 (Latest U
g g g g g g g g
pdate) Questions and Answers (GRADED A)
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Chandlergisgaglicensedgsalespersongingagstategthatgdoesn'tghavegagreciprocalgagreementgwithgMaryland.g
WhatgmustghegdogingordergtogqualifygforglicensuregingMaryland?
g Topic:gLicensinggRequirements Subtopic:gActivitiesgRequiringgagLicense
g g g g g g g g
pdate) Questions and Answers (GRADED A)
g g g g g
Marylandg-gStategExam
Your score: 86%
g g
Youghavegpassedgthegexam.
Passinggscore:g80.0
SCORINGgBREAKDOWN
Correct:g43/50 Incorrect:g7/50
FocusgHere NeedsgWork
GoodgMarylandgScores
11 2
Agency
(85.0%)
8 3
BusinessgConduct
(73.0%)
5 0
DutiesgandgPowersgofgthegRealgEstategCommission
(100.0%)
6 1
Ethics
(86.0%)
4 0
LicensinggRequirements
(100.0%)
9 1
Supervision
(90.0%)
Reviewganswersgbelow
Questiong1
Yougdecidegtogtakegthegearnestgmoneygdepositgyou'vegbeenggivengandgplacegitgingyourgpersonalgaccount
, PSI Maryland Real Estate Practice Exam 5 (Latest U
g g g g g g g g
pdate) Questions and Answers (GRADED A)
g g g g g
untilgitgisgneededgatgclosing.gFailinggtogproperlygsafeguardgandgdepositgangearnestgmoneygcheckgisgangex
amplegofgwhatgtypegofgviolation?
, PSI Maryland Real Estate Practice Exam 5 (Latest U
g g g g g g g g
pdate) Questions and Answers (GRADED A)
g g g g g
Topic:gDutiesgandgPowersgofgthegRealgEstategCommission
Subtopic:gSuspensions,gRevocations,gandgPenalties
Conflictg ofg interest
Improperg brokerageg commission
Improperg handlingg ofg trustg money
Misrepresentation
Thisgisgangexamplegofgimproperghandlinggofgtrustgmoney.
Questiong2
Whatgisgthegnamegofgthegorganizationgthatghasgthegauthoritygtogimposegpenaltiesgofgupgtog$25,000gforgre
algestateglicenseglawgviolations?
g Topic:gDutiesgandgPowersgofgthegRealgEstategCommission Subtopic:gGeneralgPowers
Marylandg Attorneyg General
Marylandg Realg Estateg Commission
Realg Estateg Licensingg Commission
U.S.g Boardg ofg Realg Estateg Licensees
ThegMarylandgRealgEstategCommissiongcangimposegpenaltiesgofgupgtog$25,000.
Questiong3
, PSI Maryland Real Estate Practice Exam 5 (Latest U
g g g g g g g g
pdate) Questions and Answers (GRADED A)
g g g g g
Chandlergisgaglicensedgsalespersongingagstategthatgdoesn'tghavegagreciprocalgagreementgwithgMaryland.g
WhatgmustghegdogingordergtogqualifygforglicensuregingMaryland?
g Topic:gLicensinggRequirements Subtopic:gActivitiesgRequiringgagLicense
