Real Estate certkiller maryland-real-estate-salesperson Exam Questions Tutorials by Timothy q209 vce pdf

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Exam Name:	Maryland Real Estate Salesperson Examination
Exam Code:	Maryland-Real-Estate-Salesperson Dumps
Vendor:	Real Estate	Certification:	Maryland Real Estate
Questions:	209 Q&A's	Shared By:	timothy

Question 40

Ellen and Sadie signed an agreement to list Sadie’s condo for sale. After the contract was signed, Sadie’s father, Grant, offered to pay Ellen’s commission as a housewarming present. Sadie’s mom and stepdad, Linda and Rick, also chipped in. Who is Ellen’s client?

Options:

Grant

Linda

Rick

Sadie

Discussion

Question 41

How does the building department ensure that a builder who has obtained a permit builds according to code?

Options:

The builder is required to submit to weekly inspections performed by peers in the industry.

The builder signs an affidavit to that effect.

The builder submits a monthly progress report.

The building department sends inspectors to inspect the work.

Discussion

Question 42

Why are legal descriptions required in real estate contracts?

Options:

To calculate the exact property taxes owed by the new owner

To ensure the piece of property can be clearly identified from all other properties

To establish the legal boundaries for future construction on the property

To guarantee the buyer is receiving the exact property they believe they are purchasing

Discussion

Question 43

What must an agent do if they receive an undisclosed bonus from a seller to incentivize closing by a certain date?

Options:

The agent can accept the bonus without any disclosure requirements.

The agent must disclose the bonus to any buyers they are working with on the transaction.

The agent should keep the bonus confidential and not inform the broker.

The agent should pay the bonus to the broker.

Discussion

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