Real Estate Massachusetts-Real-Estate-Salesperson

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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A buyer wants to purchase a home for $150,000 with a 30% down payment. The lender charges 1.75 points.
How much money does the buyer need up front to make the purchase?

A) $47,625
B) $45,788
C) $45,000
D) $46,838

2. The need to protect the public's health and safety against poor construction practices has resulted in the enactment of

A) zoning committees.
B) restrictive deed conditions.
C) building codes.
D) zoning ordinances.

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

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

4. What type of relationship does NOT require confidentiality?

A) Seller agency
B) Facilitator
C) Dual agency
D) Buyer agency

5. A licensee lists a property and discovers that the property is too far away to market effectively. The licensee's firm retains the listing, but does not advertise or show it. Which of the following has been violated?

A) seller disclosure laws
B) Consumer Protection Act
C) statute of frauds
D) fiduciary responsibility

Solutions: