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[General] Maryland-Real-Estate-Salesperson Frenquent Update, Maryland-Real-Estate-Salesper

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【General】 Maryland-Real-Estate-Salesperson Frenquent Update, Maryland-Real-Estate-Salesper

Posted at yesterday 12:37      View：20 | Replies：0        Print      Only Author   [Copy Link] 1#
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Real Estate Maryland Real Estate Salesperson Examination Sample Questions (Q122-Q127):NEW QUESTION # 122
In what type of lease does the landlord pay taxes, maintenance, and insurance?
  • A. Percentage lease
  • B. Net lease
  • C. Triple net lease
  • D. Gross lease
Answer: D
Explanation:
In a gross lease, the landlord/lessor pays the property's operating expenses-commonly including real estate taxes, property insurance, and maintenance-while the tenant pays a fixed rent. By contrast, in net and especially triple-net (NNN) leases, the tenant bears some or all of these operating costs (with NNN typically meaning taxes, insurance, and maintenance are all tenant-paid). A percentage lease bases rent (in whole or part) on the tenant's gross sales and does not inherently shift taxes/insurance/maintenance to the landlord.
References: Maryland pre-licensing curriculum topic "Leases and Property Management" (gross vs. net vs.
percentage vs. triple-net lease definitions); industry-standard lease classifications presented in Maryland salesperson pre-licensing materials.

NEW QUESTION # 123
How large is an acre?
  • A. 10,000 square meters
  • B. 43,560 feet
  • C. 5,480 square feet
  • D. 43,560 square feet
Answer: D
Explanation:
In the "Math for Real Estate and Practical Applications" portion, area and measurement conversions are foundational. An acre is defined as 43,560 square feet. Option B ("43,560 feet") is incorrect because it omits the necessary square unit. The course emphasizes accurate units and conversions for calculations involving land area, price-per-square-foot/acre, and legal descriptions.
References (Course Outline/Study Topics): Maryland 60-Hour Principles and Practices of Real Estate -
"Math for Real Estate" (Area/acre conversions; unit accuracy).

NEW QUESTION # 124
Homes built before 1978 may have what environmental hazard in their paint?
  • A. Asbestos
  • B. Lead
  • C. Arsenic
  • D. Radiation
Answer: B
Explanation:
The course teaches that residences built prior to 1978 may contain lead-based paint, which poses health risks-particularly to children and pregnant individuals. Federal law requires the Lead-Based Paint Disclosure for most pre-1978 housing, plus delivery of the EPA pamphlet and opportunity for lead evaluation. Maryland materials reinforce these requirements and Maryland-specific lead rules for certain rentals.
References: Maryland 60-Hour Course - Environmental Issues and Disclosures (Lead-Based Paint rules for pre-1978 housing; disclosure and pamphlet requirements); Fair Housing and Ethics (health & safety disclosures).

NEW QUESTION # 125
Carson is purchasing a $600,000 property by obtaining an 80/20 loan. How much is Carson financing?
  • A. $480,000
  • B. $420,000
  • C. $120,000
  • D. $600,000
Answer: A
Explanation:
An 80/20 loan structure means the borrower finances 80% of the purchase price through a first mortgage and
20% through a second mortgage, leaving no down payment.
For a $600,000 property:
80% × $600,000 = $480,000 (first loan)
20% × $600,000 = $120,000 (second loan)Total financing = $480,000 + $120,000 = $600,000.Therefore, Carson is financing $480,000 through the first loan, corresponding to the "80%" part referenced in the question's options.
Reference:Maryland 60-Hour Course - "Real Estate Financing" Topic (Loan Structures and Mortgage Types); Conventional Loan Underwriting Practices.

NEW QUESTION # 126
Sandra enters a contract to sell her home to Paul. Under the statute of frauds, the written contract must name the contracting parties, identify the subject matter of the contract, and ________.
  • A. Achieve a result that is fair to all parties
  • B. Present the essential terms and conditions of the contract
  • C. Be handwritten
  • D. Be signed by two or more attorneys
Answer: B
Explanation:
The Statute of Frauds requires that certain contracts-including those for the sale or transfer of real property- be in writing and include:
The names of the parties,
Identification of the property, and
The essential terms and conditions (such as price and contingencies).This ensures the agreement is legally enforceable in court.
Reference:
Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course - "Real Estate Contracts" Module Maryland Courts and Judicial Proceedings Article 5-901 - Statute of Frauds (Real Property).

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