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[General] [2026] Real Estate Maryland-Real-Estate-Salesperson Questions: Fosters Your Exam

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【General】 [2026] Real Estate Maryland-Real-Estate-Salesperson Questions: Fosters Your Exam

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Real Estate Maryland Real Estate Salesperson Examination Sample Questions (Q92-Q97):NEW QUESTION # 92
What best describes a Multiple Listing Service (MLS) in real estate?
  • A. An online database of active, under contract, sold, expired, and withdrawn listings
  • B. A free service for real estate professionals and the public
  • C. A proprietary site open only to real estate professionals
  • D. A classified advertising site that charges by the column inch
Answer: A
Explanation:
The Multiple Listing Service (MLS) is a cooperative online database used by licensed real estate professionals to share information about properties for sale or lease. It includes active, pending/under-contract, sold, expired, and withdrawn listings. The MLS enhances market transparency and cooperation among brokers, ensuring accurate data and broad property exposure.
Reference: Maryland 60-Hour Principles and Practices - "Real Estate Brokerage Operations" module.

NEW QUESTION # 93
Why might a property owner avoid paying capital gains tax on a property sale?
  • A. He did a tax-deferred exchange.
  • B. He didn't convey the property.
  • C. He didn't file his taxes correctly.
  • D. He didn't sell the property.
Answer: A
Explanation:
A tax-deferred exchange, also known as a 1031 exchange, allows investors to exchange one qualifying investment or business property for another "like-kind" property and defer payment of capital gains taxes until the new property is sold.
This provision falls under Internal Revenue Code 1031.
In the Maryland pre-licensing curriculum, this is explained under the "Real Estate Financing and Investment" section to show how investors legally postpone capital gains recognition by following IRS guidelines.
Reference: Maryland 60-Hour Principles and Practices - "Real Estate Financing and Investment"; Internal Revenue Code 1031.

NEW QUESTION # 94
What is one drawback of sub-agency from a listing broker's standpoint?
  • A. The listing broker will have to pay two agents' commissions.
  • B. Both parties must agree to dual agency.
  • C. The listing broker and listing agent can be liable for the sub-agent's actions.
  • D. There aren't any drawbacks.
Answer: C
Explanation:
Under sub-agency, a cooperating broker or licensee assists the listing broker in selling the property and represents the seller as a sub-agent of the listing broker.
A key drawback is that the listing broker is legally responsible for the sub-agent's actions because the sub- agent owes fiduciary duties to the same principal (the seller).
Any misrepresentation, negligence, or violation by the sub-agent can expose the listing broker to disciplinary action or civil liability.
This is why many Maryland brokers now prefer buyer agency over sub-agency.
Reference (Maryland Source):
- Maryland 60-Hour Principles and Practices Course, Agency Relationships and Sub-Agency section.
- Business Occupations and Professions Article 17-534.

NEW QUESTION # 95
Which term refers to a permitted deviation from current zoning restrictions that allows an owner to use land for a purpose that's otherwise prohibited, and requires the owner to prove the zoning creates an unnecessary hardship?
  • A. Property variance
  • B. Moratorium
  • C. Special use permit
  • D. Use variance
Answer: D
Explanation:
The land use module distinguishes among zoning relief mechanisms:
* A use variance permits a land use otherwise prohibited in the zoning district and typically requires proof of unnecessary hardship unique to the property.
* An area (dimensional) variance addresses dimensional departures (setbacks, height) and usually requires practical difficulty rather than hardship.
* A special use permit (special exception) authorizes uses listed as conditionally allowed if specific criteria are met.
* A moratorium is a temporary halt on development.Because the question describes permission to conduct a prohibited use upon showing unnecessary hardship, the correct term is use variance.
References: Maryland 60-Hour Principles and Practices of Real Estate - Land Use Controls: zoning, variances (use vs. area), special exceptions/conditional uses, and standards of proof.

NEW QUESTION # 96
What items go into the seller's credit column and the buyer's debit column when calculating prorations?
  • A. Prepaid property taxes
  • B. Home inspection fees
  • C. Unpaid property taxes
  • D. The buyer's loan amount
Answer: A
Explanation:
In settlement prorations, prepaid items (e.g., prepaid property taxes or HOA dues) are credited to the seller and debited to the buyer, because the seller has paid for a period that extends beyond the closing date
, and the buyer reimburses the seller for the buyer's post-closing share. Conversely, accrued but unpaid items (e.g., the current year's unpaid property taxes) are debited to the seller and credited to the buyer.
The Maryland course teaches these conventions in the Closing and Math sections.
References:
Maryland 60-Hour Principles & Practices Course - Closing the Real Estate Transaction (settlement statements, prorations) and Math for Real Estate modules.

NEW QUESTION # 97
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