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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

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

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

2. A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker's right to be compensated and to work with other clients, this means that during the term of this agreement, the broker

A) must be compensated by the seller.
B) is only due compensation if the buyer purchases one of the broker's listings.
C) is entitled to compensation even if the buyer purchases a property that they locate.
D) may not show a property to other buyers until the buyer decides if they want to make an offer.

3. The Massachusetts Consumer Protection Act (M.G.L. c. 93A) does NOT apply to which of the following persons?

A) Salespersons since they are obligated to their employing brokers only
B) Builders who sell fewer than ten homes a year
C) Owners who sell their homes privately
D) Listing brokers who receive only a percentage of commissions

4. What is the difference between a license to use property and an easement?

A) There must be consideration paid for a license.
B) There must be consideration paid for an easement.
C) An easement can be cancelled by the issuer.
D) A license can be cancelled by the issuer.

5. The broker has a single agency relationship with the seller. The broker will show the property to a buyer who is a customer. The broker must disclose that the

A) home has a leaky roof in heavy rains.
B) home has a lake view.
C) seller does not like the next door neighbor.
D) seller needs to move soon.

Solutions: