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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. The heir to a large estate will be of legal age within 30 days. The heir lists for sale with a broker one of the properties held by the estate. The broker knows of a buyer for the property and sells it within 24 hours of listing, with closing to be in 45 days. Both listing and sale contracts are

A) executed.
B) executory.
C) voidable.
D) fulfilled.

2. A buyer receives a seller's property condition disclosure in which the buyer's agent believes the seller has misrepresented the condition of the property. The buyer's agent should

A) remain silent as the agent does not know for certain that the seller has misrepresented the property.
B) recommend that the buyer withdraw from the transaction.
C) call the listing agent and express this concern.
D) point out this concern to the buyer and recommend further inspection or investigation before proceeding.

3. Which of the following property valuation estimates or reports would have to be prepared by a licensed or certified appraiser?

A) a comparative market analysis
B) a reconciliation report for an FHA loan
C) a broker's price opinion
D) a value analysis for a non-residential property valued below $250,000

4. A person acquires an option to purchase a parcel of another person's land. Which of the following statements is correct?

A) The terms and conditions of the sale must be stated if the option is to be a valid contract.
B) An option is a promise by the optionee to enter into a contract in the future.
C) The consideration for the option right, plus interest, will be automatically applied to the purchase price if the option is exercised.
D) The potential buyer is the optionor and the seller is the optionee.

5. A buyer is considering a property in one of the subdivisions of a Planned Unit Development (PUD). The buyer noticed nearby properties having detached garages and workshops. The buyer mentions to their agent that they want to build a detached building on the back of the lot for a home business. There is an HOA for this subdivision. Additionally, there are overarching covenants, conditions, and restrictions (CC&Rs) for the PUD. What actions, if any, should be taken by the broker to assure the buyer can use the property as they wish?

A) Determine if home business use is allowed in the subdivision.
B) Take no action because other properties have detached buildings.
C) Recommend the buyer obtain the current CC&Rs and all current HOA documents.
D) Recommend the buyer determine if architectural review requirements exist for the subdivision.

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