QUESTION 44
In Maryland, it’s customary for the buyer and seller to split the transfer and recordation ______.

QUESTION 45
What is the primary purpose of property taxes in a local community?

QUESTION 46
A statement such as “This is a dream home with the best views in town” made by a licensee is an example of what?

QUESTION 47
In relation to Maryland’s PHIFA, if a foreclosure consultant is found to have intentionally violated the law, what’s the maximum penalty the consultant may have to pay to a consumer who brings a private action?

QUESTION 48
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?

QUESTION 49
Which of the following is the best definition of a covenant between a lessor and lessee?

QUESTION 50
Homes built before 1978 may have what environmental hazard in their paint?

QUESTION 51
The lender will require flood insurance if the home is ________.

QUESTION 52
In order for an owner-occupant of a building with rental units to reject applicants based on sex, marital status, gender identity, and/or sexual orientation, they must not own more than how many rental units in a building?

QUESTION 53
Before you sign an exclusive right to sell agreement with a seller, what must you do?

QUESTION 54
What is the term used when a local government changes the zoning of a property to reduce the allowed density of development?

QUESTION 55
The cost approach to finding an appraised value measures which of the following?

QUESTION 56
To legally earn a commission, what is required between a real estate agent and their client?

QUESTION 57
Complete this formula: Net to seller = ______

QUESTION 58
What are PCBs?

QUESTION 59
At its most basic level, which type of antitrust violation is a conspiracy between business competitors to set their prices to buy or sell goods or services at a certain price point?

QUESTION 60
A valid deed must contain all of the essential elements, plus which of the following?

QUESTION 61
Jillian has a loan-to-value ratio of 90/100. This means-

QUESTION 62
In what type of lease does the landlord pay taxes, maintenance, and insurance?

QUESTION 63
Why would a retail tenant be willing to sign a lease in which a percentage of sales proceeds are paid to the landlord?

QUESTION 64
Who is responsible for ordering an appraisal, completing the loan application, ordering a home inspection, and obtaining homeowners insurance before closing?

QUESTION 65
Radon has natural origins and is a colorless, odorless, radioactive gas that’s released when ______ decays.

QUESTION 66
Why does HUD test for housing discrimination?