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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A broker has a single agency relationship with the seller. Any required property condition disclosure would be completed by the

A) seller.
B) broker.
C) listing agent on behalf of broker.
D) listing agent on behalf of seller.

2. When practicing as a facilitator, the facilitator

A) Does not represent the seller or the buyer.
B) Must have signed Disclosed Dual Agency.
C) Must represent a seller or a buyer.
D) Has an agency obligation of disclosure to the seller.

3. An escrow or trust account is often held by a lender to pay

A) interest on a loan.
B) property taxes and insurance payments.
C) mortgage payments.
D) the bank's outstanding invoices.

4. Which of the following activities may result in a fine from the Massachusetts Commission Against Discrimination (MCAD) against a licensee?

A) Blockbusting
B) Acting in the dual capacity of broker and undisclosed principal in the same transaction
C) Knowingly making any substantial misrepresentation
D) Failing to give both the buyer and the seller a copy of the purchase and sales agreement

5. If a deed creating a tenancy in common does NOT state the fractional interest of each co-owner, it

A) is void.
B) is presumed each owner has an equal interest.
C) becomes a joint tenancy.
D) must be determined by a majority vote of the tenants.

Solutions: