MD RE Broker Practice Questions - Maryland Real Estate Broker Exam

Maryland is one of the few states that has ground rent. What is ground rent?

A property tax levied on undeveloped land A leasehold arrangement where the homeowner owns the building but leases the land beneath it from a ground rent holder A fee charged by the county for using public land access The cost of grading and preparing land for construction

Correct Answer:

A leasehold arrangement where the homeowner owns the building but leases the land beneath it from a ground rent holder

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