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Updated: Oct 08, 2026
No. of Questions: 214 Questions & Answers with Testing Engine
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Real Estate Maryland-Real-Estate-Salesperson Exam Overview:
| Certification Vendor: | PSI Services LLC |
|---|---|
| Exam Name: | Maryland Real Estate Salesperson Examination |
| Exam Number: | Maryland Real Estate Salesperson Examination |
| Exam Duration: | 120 minutes |
| Exam Price: | $44 USD |
| Related Certifications: | Maryland Real Estate Salesperson License |
| Certificate Validity Period: | Score valid for 1 year from course completion date; license renewal cycle typically 2 years |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Real Exam Qty: | 110 |
| Passing Score: | 70% |
| Sample Questions: | Real Estate Maryland-Real-Estate-Salesperson Sample Questions |
| Exam Way: | Computer-based testing at PSI testing centers (In-person only as of 2025) |
| Pre Condition: | Must be at least 18 years old; Complete 60 hours of approved pre-licensing education; Pass both portions within 1 year of course completion. |
| Official Syllabus URL: | https://www.labor.maryland.gov/license/mrec/mrecexam.shtml |
Real Estate Maryland-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Maryland State Portion | 30% | - Licensure Requirements
|
| Topic 2: National Portion | 80% | - Transfer of Title
|
Real Estate Maryland Real Estate Salesperson Examination Sample Questions:
What does a lender charge a borrower for using the lender's money?
- A. Discount point
- B. Usury
- C. Principal
- D. Interest
Correct Answer: D 🗳️
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Which loan type is a fixed-rate mortgage where the monthly principal payments increase over time, according to a set schedule?
- A. Growing equity
- B. Blanket
- C. Pledged account
- D. Negative amortization
Correct Answer: A 🗳️
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Sandra enters a contract to sell her home to Paul. Under the statute of frauds, the written contract must name the contracting parties, identify the subject matter of the contract, and ________.
- A. Present the essential terms and conditions of the contract
- B. Be signed by two or more attorneys
- C. Achieve a result that is fair to all parties
- D. Be handwritten
Correct Answer: A 🗳️
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You represent a buyer of a $1 million property. The seller's agent offers a 2.5% cooperative agent compensation. Who's your client?
- A. The buyer
- B. The seller's agent's broker
- C. The seller
- D. The seller's agent
Correct Answer: A 🗳️
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How does the building department ensure that a builder who has obtained a permit builds according to code?
- A. The building department sends inspectors to inspect the work.
- B. The builder signs an affidavit to that effect.
- C. The builder submits a monthly progress report.
- D. The builder is required to submit to weekly inspections performed by peers in the industry.
Correct Answer: A 🗳️
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