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【General】 Maryland-Real-Estate-Salesperson Practice Online - Maryland-Real-Estate-Salesper

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Real Estate Maryland Real Estate Salesperson Examination Sample Questions (Q194-Q199):NEW QUESTION # 194
One of Mrs. Wilson's tenants is leaving in a few months. She hates to see this particular tenant go because he has been an ideal tenant-always paying his rent on time, keeping his place clean, and never a complaint.
Unlike so many of her other tenants, this tenant deserves to get back his security deposit. By law, when must Mrs. Wilson return the deposit to her tenant?
  • A. Within two months of the lease ending.
  • B. Within 45 days of the lease ending.
  • C. Within two weeks of the lease ending.
  • D. Within one month of the lease ending.
Answer: B
Explanation:
Under Maryland landlord-tenant law, the landlord must return the tenant's security deposit, with any required interest, within 45 days after the end of the tenancy, less any permissible deductions for unpaid rent or damages beyond ordinary wear and tear. The landlord must also provide an itemized statement of any deductions. The 45-day deadline is statutory and is emphasized in Maryland pre-licensing instruction within property management and leasing modules.
References (Maryland Sources / Pre-Licensing Core Content):
* Maryland Real Property Article 8-203 (Security Deposits) - return within 45 days; interest; itemization of deductions.
* Maryland 60-Hour Pre-Licensing Course: "Leases and Property Management" (security deposits; deadlines; itemized statements).

NEW QUESTION # 195
Who is typically responsible for paying the commission to a listing agent in a real estate transaction?
  • A. The buyer and the seller
  • B. The seller
  • C. The buyer
  • D. The buyer and the licensee
Answer: B
Explanation:
In Maryland, agency exists when a licensee represents a client under a brokerage agreement. If the seller has a written listing agreement with a broker, the seller is the client.
An unrepresented buyer is considered a customer, not a client. The licensee owes customers limited duties- honesty, fair dealing, and disclosure of material facts-but does not owe fiduciary duties such as loyalty, confidentiality, or obedience.
Therefore, in this case, the seller is the only client.
Reference: Maryland 60-Hour Principles and Practices - "Law of Agency" module; Maryland Business Occupations and Professions Article 17-530-17-532.

NEW QUESTION # 196
What are PCBs?
  • A. A substance resulting from the decay of uranium
  • B. A substance that grows due to moisture problems
  • C. Chemical compounds used in cooling and insulating, mainly in electrical transformers
  • D. A chemical compound that occurs naturally in the environment
Answer: C
Explanation:
Polychlorinated biphenyls (PCBs) are synthetic chemical compounds formerly used as coolants and insulators in electrical equipment, hydraulic systems, and fluorescent-light ballasts. They are toxic, persistent in the environment, and regulated by the U.S. EPA under the Toxic Substances Control Act (TSCA). Maryland's course covers PCBs among major environmental hazards requiring disclosure or remediation.
Reference:Maryland 60-Hour Course - "Environmental Issues and Disclosures" Module; EPA TSCA (15 U.S.
C). 2605) PCB Regulations.

NEW QUESTION # 197
Jillian has a loan-to-value ratio of 90/100. This means-
  • A. She is putting 10% down, with 90% being pulled from her IRA.
  • B. Her loan is 10% of the value of the real estate used as collateral and she is obtaining a second mortgage for 90%.
  • C. The property is only worth 90% of the amount loaned.
  • D. Her loan is 90% of the value of the real estate used as collateral and she is putting 10% down.
Answer: D
Explanation:
Comprehensive and Detailed
The loan-to-value (LTV) ratio compares the loan amount to the property's appraised value or purchase price, whichever is less. An LTV of 90/100 (or 90%) means the borrower's loan equals 90% of the property's value, and the borrower provides a 10% down payment.
Lenders use the LTV ratio to assess risk and determine if mortgage insurance is required. Maryland's pre-licensing course explains this formula in the "Real Estate Financing" section under "Loan Underwriting and Ratios."

NEW QUESTION # 198
What is the primary purpose of a property tax levy?
  • A. It's used to determine property tax increases.
  • B. It's used to fund essential services and public works.
  • C. It's used to build new shopping malls.
  • D. It's used to build high-end housing.
Answer: B
Explanation:
Property taxes are levied by local governments to generate revenue that funds essential community services such as public education, police and fire protection, road maintenance, sanitation, and other municipal infrastructure projects. The Maryland course stresses that these taxes are a key component of a stable community and ensure that property owners contribute proportionally to maintaining public amenities.
Reference: Maryland 60-Hour Principles and Practices - "Real Property and the Law" unit; Maryland Tax- Property Article, Title 6.

NEW QUESTION # 199
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