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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Massachusetts Real Estate Law | 33% | - Licensing Requirements
|
| General Real Estate Knowledge | 67% | - Financing
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
1. A first-year licensee without either a degree in finance, or a strong background in real estate investment should generally refrain from
A) representing a first time home buyer.
B) acting as the seller's agent in selling an oceanfront lot to a retiree.
C) representing an owner who wants to sell raw land to a developer.
D) listing commercial income property.
2. A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two- car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck.
The ranch house is most likely to sell for around
A) $128,500
B) $148,500
C) $123,500
D) $147,500
3. A contract in which a licensee is employed by an owner to find a buyer for a 20-unit apartment building is most likely
A) an option contract.
B) a property management contract.
C) a contract of sale.
D) a listing contract.
4. A broker lists a property abutting a pond. A potential buyer is interested in the property but plans to build an addition onto a boathouse. The buyer will need
A) A certificate of compliance.
B) Approval from the local conservation commission.
C) A letter of interim control.
D) Approval from the State Sanitary Commission.
5. A broker has been engaged to locate a property for a buyer. The broker has determined that a suitable property for the buyer is for sale and is owned by the broker's cousin. The broker has not informed the buyer of the broker's relationship with the owner. If the buyer purchases the property under these circumstances, the broker is
A) Violating the license law because it is illegal to purchase family property for a principal.
B) Not violating the license law because a relative's interest is an exception to the fiduciary duty rule.
C) Not violating the license law because the broker in this situation has no duty of disclosure.
D) Violating the license law because a relative's interest shall be made known to all parties.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: D |
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