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The federal penalty for a pattern of violations of the can spam act is

$11,000 per call

Wires of a timeshare have how many days after the contract date within which to cancel the purchase contract

10 calendar days

Renewal of a real estate license requires

15 hours of continuing education, every two years

To qualify for a mechanics lien, the work must improve the value of the property by

15%

To obtain a Maryland real estate broker license applicant must be at least

18 years old

A real estate sales person must have how many years experience to become a team leader

3

A protest to a real estate broker propose distribution of a trust must be made within

30 days

What is the term of a real estate commissioner?

4years

The record retention requirement for a real estate licensee is

5 years

Recovery against the real estate, guarantee fun cannot exceed

50,000 per claim

To obtain a real estate sales person license, the applicant must have

60 hours of pre-license education

A brokerage relationship begins when

A client enters a brokerage agreement

Which of the following is not an area which requires written procedures and policies

A dress code

Which of the following is not required to obtain a real estate sales person license?

A high school diploma or equivalent

Which of the following is exempt from obtaining real estate license

A lawyer, who does not provide real estate brokerage services

Which of the following is not required in an agency relationship express agreement?

A maximum term of one year

After the termination of a brokerage agreement, the broker must

Account for all trust money

And discharging the customary duties of a licensee in a brokerage relationship, the licensee must do all of the following, except

Advise the client regarding the legal implications of the transaction

A real estate licensee must do all of the following, except

Advisor. Client regarding the legal implications of using comparable sales in pricing.

A real estate broker must exercise, reasonable, and adequate supervision over

All affiliated licenses

What type of agency relationships must not be interfered with by other licensees during this term, according to the Maryland code of ethics?

An exclusive listing

Which of the following is not require by the understanding home real estate agents represent disclosure

An expectation of how real estate licensee is paid

A broker may retain a sales person as

An independent contractor, or Employee

A Maryland real estate broker must maintain

An office within the state

The supervision responsibilities of a branch manager

Are in addition to the responsibilities of the broker

A real estate broker may retain a real estate license

As an independent contractor, employee or

Which of the following statements is true regarding dual agency?

At least three real estate licenses are needed for a firm to engage dual agency

Which of the following is not a reason for which a real estate licensee maybe just

Charging a commission in excess of 35%

Before making a telephone solicitation, I real estate licensee must

Check the federal state and Company. Do not call list.

A disciplinarian order may be appealed to

Circuit court

Maryland Real Estate Commission

Conducts disciplinary hearing regarding real estate licensees

I real estate licensee must be informed on

Current market conditions

To engage in the agency transaction, the broker must

Designate to enter company, agent, ICA's

When I real estate person is preparing a competitive market analysis, which includes property in which the sales person has an interest than the sales person, must

Disclose the interest to the client

I real estate licensee must do all the following except

Disclosed to all parties all material facts related to the transaction

Which of the following is not required in a brokerage agreement

Disclosing how much time the broker will devote to the transaction

If a complaint filed against a real estate, licensee is not referred to an investigation, it must be

Dismissed

A license of a real estate sales person must be

Displayed in a conspicuous place in the broker's office

The supervision responsibilities of a real estate broker

Do not create an employer employee relationship with a licensee

Hey security deposit for a residential unit in Maryland

Do not exceed two months rent

Understanding home real estate agent represent disclosure

Does not apply to a lease of 125 days or less

And intercompany agent, ICA is designated by a broker in

Dual agency transactions

Which of the following is not a protected class under Marilyn's fair housing act

Employment status

To be enforceable a lease must be in writing, if the term

Exceeds one year

Which of the following is some thing for which a real estate licensee may be disciplined

Except compensation from someone other than the broker, with whom the license he is affiliated

Which of the following is not something for which a real estate licensee may be disciplined by the commission?

Failing to account for the firms, real estate signs

Which of the following is considered by the Maryland real estate code of ethics to be a possible violation of a license, is obligation to protect and promote the interest of a client

Failure to obtain the property disclosure statement before an offer is made

A Maryland real estate licensee must protect the public against

Fraud

I real estate licensee must do all of the following, except

Generate a come, pretensive appraisal on the carpet

A new home builder must disclose

If the builder participate in a new home warranty, security plan

Ad valorem real tax bills in Maryland are issued

In July and August of each year

For protection of parties, licensee must ensure that all financial obligations relating to the real estate transactions are

In writing

I'll advertising by a team must

Include the name of at least one team member

Which of the following is not confidential information

Information that relates to the property that is subject to a transaction

When does the duty of confidentiality expire?

It does not expire

The disclosure called understanding who real estate agent represent

It's only required in residential transactions

A licensee, holding a property open to the public, making play with the understanding home real estate agents represent disclosure by

Just laying in a conspicuous Manor, a notice to prospective buyers that the license the president on the property represents the seller

Marilyn's housing discrimination laws enforced by the

Maryland commission of civil rights

Real estate licensee records

May be stored electronically, if certain conditions are met

A person with an inactive license

May not provide real estate brokerage services

Trust money is

Money that a person and trust to a real estate licensee to hold for someone for the benefit of the owner

All real estate documents

Must be signed by a licensee

A branch manager

Must exercise responsible, and adequate supervision, overall brokerage services at the branch office

A real estate advertisement

Must include a real estate licensees name or designated name

All advertising done by real estate firm must include the firms

Name

When advertising property for sale, real estate sales person must include

Name of the real estate firm with whom the real estate sales person is associated

Unless a licensee is holding an open house, understanding home real estate agent represent disclosure must be

No later than the first scheduled face-to-face contact with the customer

To open a branch office the broker must

Obtain a branch office certificate from the real estate commission

When buying on the license is only half the license is status, mostly disclose in writing to the seller further a licensee is considered to be acting on. The license is only half when the licensee is acting on behalf.

Of a member of the licenses, immediate family

Which of the following is not a determinative of whether a brokerage relationship exists

Payment or promise of payment to the broker

Penalties collected by the real estate commission must be

Placed in a general fund of the state

Broker Bob left home without his wallet. I needed to conduct some business that required his pocket card. Explain the situation to broker Bernie and then loan just pack of hard to broker Bob which statement is true.

Poker, Bernie is subject to the discipline

An unlicensed real estate assistant may

Prepare flyers and promotional information for approval by licensee and supervising broker

When I duty to maintain trust, money, terminates, the real estate broker must

Probably account for the trust money

Homebuyer Bob gave earnest money to Sally sales person for the purchase of a house Sally must

Probably deliver it to her broker

A timeshare developer must deliver to the perspective buyers

Public offering statement

Regulations regarding the real estate brokers law are issued by the

Real estate commission

Who conducts real estate licensee disciplinary hearing's

Real estate commission in the office of Robert back to the, administrative hearings

Which of the following is not a type of license issued in Maryland?

Real estate managing Broker

When I real estate commission request a document from a real estate person the document must be provided at the expense of the

Real estate sales person

Which of the following is permitted by Marilyn's fair housing laws

Refusal to rent to a couple because of their financial status

A real estate broker who has received earnest money, must deposit the money in a trust account within

Seven business days

An unlicensed real estate assistant may not engage in which of the following

Showing property

An owner of real estate may sell unimproved lots without a license

Six or if you were unimproved, lots are sold per year

Which of the following requires a real estate license?

Someone who for compensation help someone buy property

A brokerage agreement must

Specify whether the broker is authorized to cooperate with other brokers

Maryland real estate appraisers are regulated by the

State commission of real estate appraisers at home inspectors

Which of the following is not required to reactivate a real estate sales person license from inactive status

Success completion of a reactivation exam

One fact to be considered in determining whether broker supervision is reasonable and adequate is

The availability of training or education sessionS at least every two months

When a complaint is filed against a broker alleging, a failure to provide responsible an adequate supervision of affiliated licensees, who has the burden of proof

The broker

The parties to a brokerage agreement are

The broker and the client

Which of the following does not terminate a brokerage relationship?

The broker disliking the client

A property seller subject to a homeowners association which of the following is the seller not required to disclose

The building cost and exact living area of a unit

It is legal to refuse to sell a residential property to someone based on the fact that?

The buyer has children

The understanding whom real estate agent represent disclosure, must include all of the following, except

The duty of a buyers agent to explain the tax ramifications of a transaction

A real estate licensees primary obligation to a client is

The obligation of absolute Fidelity

A broker may designate to members of the same team as intercompany agents for the seller and the buyer in the same transaction if

The parties have First been advised in writing that the licenseeS are part of the same team

They sign giving notice to a property is for sale requires

The property owners consent

The Marilyn code of ethics for real estate is adopted by

The real estate commission

In a real it, residential real estate transaction what does not involve a buyers agent

The sellers broker must disclose to prospective buyers that the sellers agent represents the seller

Real estate licensee records may be stored electronically if

The storage records cannot be a restore deleted

Who is responsible for supervising the members in a real estate team

The team, leader, branch manager, and broker

How many years of active experience is a real estate sales person are required to obtain for a real estate broker license

Three years

Which of the following is not a general duty of a real estate broker?

To explain the legal consequences of a transaction

Authorization for a branch office is valid for

Two years

A Maryland real estate broker license expires

Two years from the date it was issued

When may a licensee except compensation for more than one party in a transaction

When all parties have full knowledge, that compensation is being paid by more than one party

Which of the following does not bylaw, considered a material faction relating to the property?

Whether a homicide or suicide occurred on the property

The negotiations of a buyers broker concerning property, subject to an exclusive listing should be carried on

With the listing broker