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Pass the Real Estate Maryland Real Estate Maryland-Real-Estate-Salesperson Questions and answers with CertsForce

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Viewing questions 41-50 out of questions
Questions # 41:

When a local planning board is reviewing density, it would consider ______.

Options:

A.

FHA approval


B.

Impact on neighboring states


C.

Property values


D.

Setbacks and boundaries


Expert Solution
Questions # 42:

In which type of lease does the tenant pay some or all expenses separately?

Options:

A.

Gross lease


B.

Net lease


C.

Percentage lease


D.

Sublease


Expert Solution
Questions # 43:

Which statement best represents how dual agency is impacted by teams in Maryland?

Options:

A.

Dual agency isn't allowed within real estate teams.


B.

The broker may designate ICAs from within a team, with the broker or office manager serving as the dual agent.


C.

The broker may serve as an ICA along with a team member.


D.

The dual agent may be part of the same team as the ICAs.


Expert Solution
Questions # 44:

James creates a trust to hold a piece of real estate he owns. He directs a corporate fiduciary to hold title to the real estate and provides instructions for the management, control, and disposition of the real estate upon his death. Given that the trust only holds real estate, James likely set up a(n) ________ trust.

Options:

A.

Assignable


B.

Land


C.

Tertiary


D.

Testamentary


Expert Solution
Questions # 45:

Radon has natural origins and is a colorless, odorless, radioactive gas that’s released when ______ decays.

Options:

A.

Kryptonite


B.

Lead


C.

Radonite


D.

Uranium


Expert Solution
Questions # 46:

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?

Options:

A.

Moratorium


B.

Property variance


C.

Special use permit


D.

Use variance


Expert Solution
Questions # 47:

Dan is buying Chuck’s property, which is listed with Nevin’s brokerage. Who are the parties to the exclusive right-to-sell listing agreement?

Options:

A.

Chuck and Nevin’s brokerage


B.

Dan and Chuck


C.

Dan and Nevin


D.

Dan, Chuck, and Nevin


Expert Solution
Questions # 48:

In the conveyance of real property after death, what takes precedent over any terms specified in the deceased person's will?

Options:

A.

Heirs' wishes


B.

Intestate


C.

Nothing


D.

Operation of law


Expert Solution
Questions # 49:
Options:

A.

They must use a business name, which may not be their own name.


B.

They must use their own name in combination with a nickname.


C.

They must use their own name only.


D.

They must use their own name or their own name in combination with a registered business name.


Expert Solution
Questions # 50:

Which of the following is an action that real estate licensees may take without practicing law illegally?

Options:

A.

Create their own real estate forms.


B.

Interpret legal consequences of specific actions.


C.

Use existing forms that an attorney has reviewed.


D.

Write addenda that cover unfamiliar or unusual circumstances.


Expert Solution
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Viewing questions 41-50 out of questions