MARYLAND REAL ESTATE EXAM TEST

• | P a g e

MARYLAND REAL ESTATE EXAM TEST

BANK LATEST QUESTIONS WITH ALL

CORRECT AND VERIFIED ANSWERS

• If a hearing has been held and a determination made, a licensee or

complainant may:

• appeal to the circuit court of Maryland.
• appeal to the full Commission.
• appeal to the executive director of the Real Estate Commission.
• Any of the above

Correct Answer: A - appeal to the circuit court of Maryland.

• When service of process is made on the executive director of the

Commission concerning an out-of-state licensee, what other step must be taken and by whom?

• The Commission must mail a copy of the complaint to the licensee.
• The state attorney for the Department of Labor, License, and

Regulation shall mail by certified mail a copy to the licensee's broker of record.

• The person filing shall submit a copy of the filing to the

Commission and send a copy by certified mail, return receipt requested, to the principal office of the person against whom the action is directed.

• | P a g e

• The chairperson of the Real Estate Commission shall send a copy

to the full Commission, to the broker of record of the licensee giving rise to the claim, and to the claimant.

Correct Answer: C - The person filing shall submit a copy of the

filing to the Commission and send a copy by certified mail, return receipt requested, to the principal office of the person against whom the action is directed.

• The Commission would likely order summary suspension of a

licensee for failure to:

• identify himself or herself as a licensee when selling his or her

own house.

• deposit earnest money within 48 hours.
• account promptly for any funds held in trust.
• respond in the required time to a Commission inquiry regarding a

complaint.

Correct Answer: C - account promptly for any funds held in trust.

4. The maximum claim that can be paid out of the Guaranty Fund is:

A. $2,500.

B. $25,000.

• $250,000, and can only be paid for actual losses.
• There is no maximum, but money from the Guaranty Fund may be

paid only for actual losses. Punitive damages, lawyer's fees, or court fees may not be paid.

• | P a g e

Correct Answer: B - $25,000.

• If the hearing board has made a final decision and a person

aggrieved by that decision makes a proper appeal, the decision:

• may be stayed by the circuit court only upon the licensee posting

a bond of any amount up to $50,000.

• can only be reversed by the full Commission.
• may not be appealed as the decision of the hearing board is final.
• may only be appealed if bond of up to $50,000 is posted.

Correct Answer: A - may be stayed by the circuit court only upon

the licensee posting a bond of any amount up to $50,000.

• Which of the following statements concerning the Real Estate

Commission is false?

• Two-thirds of the members must be present in order to meet and

pass regulations.

• The Commission shall meet at least once a month.
• A member of the public is entitled to be heard on any matter

within the jurisdiction of the Commission at a meeting of the Commission if the public member gives reasonable notice to the Commission.

• A quorum is a majority of the members serving on the Commission.

Correct Answer: A - Two-thirds of the members must be present in

order to meet and pass regulations.

• | P a g e

• How is the position of executive director of the Real Estate

Commission filled?

• The executive director is appointed by the Real Estate

Commission.

• The Commission chairperson appoints the executive director from

a list of three nominations made by the other commissioners.

• The Governor appoints the executive director with the advice of

the Secretary of Labor, Licensing, and Regulation.

• The Secretary of Labor, Licensing, and Regulation appoints the

executive director from among three nominations submitted by the Commission.

Correct Answer: D - The Secretary of Labor, Licensing, and

Regulation appoints the executive director from among three nominations submitted by the Commission.

• All of the following are true regarding the executive director

EXCEPT that he or she:

• serves at the pleasure of the Secretary of Labor, Licensing, and

Regulation.

• is compensated in accordance with the state budget.
• may not engage in any act for which a license is required under

Title 17 of the Business, Occupations, and Professions in the Annotated Code of Maryland.

• receives travel reimbursement according to the per mile allowance

of the IRS code.