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

2. Two top licensees in a small town have agreed not to show listings of a new real estate firm charging a low commission rate to sellers. This behavior is a violation of the

A) Equal Credit Opportunity Act.
B) federal fair housing laws.
C) Sherman Antitrust Act.
D) Blue-Sky laws.

3. A buyer makes an offer on a property and asks the Seller's broker to recommend a good home inspector. The Seller's broker may

A) Recommend a specific home inspector.
B) Provide business cards of local home inspectors.
C) Provide the complete list of home inspectors prepared by the Commonwealth of Massachusetts.
D) Provide a list of no fewer than 20 licensed home inspectors in the county where the property is located.

4. 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) percentage lease
B) net lease
C) graduated lease
D) gross lease

5. A seller has entered into an exclusive right to sell agreement with a broker. The buyer presents the seller with an offer to purchase which is 20% less than the list price. Which of the following is appropriate?

A) The seller is obligated to pay the buyer a commission or the offer price if the seller rejects the offer.
B) The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.
C) The seller has 72 hours to submit a counteroffer or else the offer is considered to be accepted.
D) The seller is under no obligation to accept the offer or make a counteroffer.

Solutions: