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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

What kind of lease would require the lessee to pay the taxes, insurance, repairs, and other operating expenses of the premises in addition to the regular rental payment?

A. net lease
B. percentage lease
C. gross lease
D. graduated lease

Question 2

A home warranty for a previously owned home would usually cover which of the following items?

A. structure or flooding issues after closing
B. only home systems such as the roof, plumbing, and foundation
C. major appliances and home systems such as electric, heating, and plumbing
D. major appliances, the buyer's personal property, and any seller added fixtures

Question 3

A tenant in a building that is being converted to condominiums is required to receive an opportunity to purchase the unit the tenant occupies at terms

A. 20% less than that offered to the general public.
B. 15% less than that offered to the general public.
C. Equal to or better than that offered to the general public.
D. At a monthly payment equal to the tenant's current monthly rent.

Question 4

In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. The broker has what type of agency relationship with the parties?

A. seller agency, no agency relationship with buyer
B. dual agency
C. no agency relationship; in this situation the broker becomes a facilitator only
D. seller agency, buyer sub-agency

Question 5

Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?

A. Because the lender has primary responsibility to provide these forms, the broker and licensees should be aware of the items required for the lender to comply.
B. The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.
C. Because the listing broker will be primarily responsible for completing the Loan Estimate to send to the lender, the broker should train associated licensees to collect all the necessary information in a timely fashion.
D. The buyer's broker can provide samples so that when the licensee and the borrower prepare the forms they are following a good example.

Solutions: