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Real Estate Salesperson Exam — National Portion

Guaranty fund (MD): practice questions

Our Real Estate (National) bank has 5 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Maryland

What is the most Maryland's Real Estate Guaranty Fund pays per claim?

  1. $25,000
  2. $50,000
  3. $100,000
  4. $250,000
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B. $50,000 — Md. Bus. Occ. & Prof. 17-404(b).

Question 2 · Maryland

Which loss can't be claimed from Maryland's Guaranty Fund?

  1. Money lost to a licensee's embezzlement
  2. Money lost to a licensee's fraud
  3. A real estate limited partnership investment
  4. Money stolen by a broker's unlicensed employee
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C. A real estate limited partnership investment — Md. Bus. Occ. & Prof. 17-404(c).

Question 3 · Maryland

At what minimum balance must Maryland keep the Real Estate Guaranty Fund?

  1. $100,000
  2. $250,000
  3. $500,000
  4. $1 million
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B. $250,000 — Md. Bus. Occ. & Prof. 17-402(a).

Question 4 · Maryland

What must every Maryland broker's sales contract tell the buyer?

  1. The broker's commission split
  2. That they're protected by the Guaranty Fund up to $50,000
  3. The seller's lowest acceptable price
  4. The appraised value
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B. That they're protected by the Guaranty Fund up to $50,000 — Md. Bus. Occ. & Prof. 17-405.

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