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

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 an owner who wants to sell raw land to a developer.
B) listing commercial income property.
C) acting as the seller's agent in selling an oceanfront lot to a retiree.
D) representing a first time home buyer.

2. Which of the following assurances is provided to home buyers who purchase a $75,000 property with an FHA- insured mortgage?

A) The property has been appraised for value.
B) A down payment is not required.
C) The property is not subject to eminent domain.
D) The neighborhood values will increase.

3. An example of modular construction is

A) a home used as a model.
B) prefabricated housing.
C) an apartment building.
D) a log cabin.

4. Which of the following is true about a competitive market analysis?

A) It is used to establish depreciable value.
B) It is usually based on local tax assessment.
C) It is useful to the buyer as well as to the seller.
D) It is employed for insurance purposes.

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

Solutions: