Which of these scenarios does not require a maryland licensee to disclose their licensed status?

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Below are free Maryland real estate practice exam questions that will closely resemble your licensing exam. Review these questions and see what you know! The answers are provided beneath the question set.

1. Which choice correctly identifies the classes that Maryland protects in addition to the seven federally protected classes?

1. Age, disability, and employment status
2. Disability, sexual orientation, and gender identity
3. Familial status, marital status, and sexual orientation
4. Marital status, sexual orientation, gender identity, and source of income

2. Which of the following is a true statement about possible penalties imposed by the commission for a violation of the Maryland Code of Ethics?

1. The commission does not have the authority to sanction licensees for violations of the Maryland Code of Ethics.
2. The commission may reprimand and impose fines, but may not suspend or revoke licenses.
3. The commission may reprimand, impose fines, and suspend and/or revoke licenses, but it may not impose prison sentences.
4. The commission may reprimand, impose fines, suspend and/or revoke licenses, and impose prison sentences for serious violators.

3. " Which of the following is NOT cause for the Maryland Real Estate Commission to summarily suspend a licensee’s real estate license?"

1. The licensee fails to disclose personal interest in a transaction.
2. The licensee fails to promptly account for trust funds.
3. The licensee fails to provide trust fund account records to the commission.
4. The licensee is convicted of a felony.

4. Which of these is NOT a power of the Maryland Real Estate Commission?

1. "Adopt reasonable bylaws and regulations regarding real estate practice and licensee conduct
2. Impose jail sentences of up to six months on licensees who commit multiple serious license law violations
3. Investigate complaints against real estate licensees or unlicensed individuals who are allegedly practicing real estate
4. Oversee license application, issuance, and renewal

5. Which of the following scenarios depicts the illegal handling of trust funds in Maryland?

1. Kelly transferred her client’s $5,000 earnest money deposit from her firm’s escrow account into the title company’s account a few days before closing.
2. Maxwell deposited his client’s earnest money check six days after the property went under contract.
3. On Friday, Shanice deposited her client’s earnest money check in her personal account to keep it safe until she could transfer it to her brokerage’s escrow account on Monday.
4. Salesperson Irene gave her client’s $10,000 earnest money check to her broker, Paul, for safekeeping until the property went under contract.

6. Which of these licensees is correctly following MREC guidelines for hosting an open house?

1. "Fabrizio displays his real estate license and wears a name tag.
2. Luke makes sure that all attendees sign an Understanding Whom Real Estate Agents Represent form.
3. Shawna displays the MREC notice informing consumers that she represents the seller.
4. Shelby makes sure to place a warning next to the plate of cookies she’s put out, informing attendees that they contain peanuts.

7. In Maryland, how often must real estate salespersons renew their license?

1. Every three years
2. Every two years
3. Every two years in even years
4. Every year

8. When must an agent disclose an agency relationship to an unrepresented transaction party?

1. At closing
2. At first substantive contact
3. Relationships don't need to be disclosed
4. When asked about the relationship

Answers: 1. D, 2. C, 3. A, 4. B, 5. C, 6. C, 7. B, 8. B

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