Free Real Estate Maryland-Real-Estate-Salesperson Exam Dumps Questions & Answers

A first-time home buyer needs to take out a loan to help finance his purchase. What's the first thing he must do once the seller has accepted his offer and the contract has been finalized?

• A.  Submit a written application for financing
• B.  Request the settlement date be delayed 30 days
• C.  Pay off all his credit cards
• D.  Check his credit score

Real property ownership may offer significant tax advantages. Which one of the following is a potential advantage?

• A.  Taxable gains
• B.  Insurance expenses
• C.  Depreciation
• D.  Transfer tax

Once signed, the listing agreement is a legally binding contract between

• A.  The seller and lender
• B.  The listing broker and seller
• C.  The buyer's agent and seller
• D.  The buyer and seller

What, when signed by all parties to a sales contract, changes the original terms of the contract?

• A.  Addendum
• B.  Appurtenance
• C.  Annexation
• D.  Amendment

To indicate that they understand and consent to the terms that appear on each page of the sales contract, what are the seller and buyer required to do?

• A.  Sign a consent form.
• B.  Initial and date the bottom of each page of the contract.
• C.  Nod their heads "yes."
• D.  Check the "We understand and consent to the terms presented on this page" statement.