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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

A buyer tells an agent that the buyer wants to live in a neighborhood populated predominantly by people of the buyer ' s own protected racial or ethnic group. The agent then directs the buyer only to neighborhoods selected on that basis. What prohibited practice is illustrated?

A. Redlining
B. Blockbusting
C. Panic peddling
D. Steering

Question 2

A person acquires an option to purchase a parcel of another person's land. Which of the following statements is correct?

A. The potential buyer is the optionor and the seller is the optionee.
B. The terms and conditions of the sale must be stated if the option is to be a valid contract.
C. The consideration for the option right, plus interest, will be automatically applied to the purchase price if the option is exercised.
D. An option is a promise by the optionee to enter into a contract in the future.

Question 3

A Massachusetts broker knows of a serious hidden structural defect that would likely influence a reasonable buyer ' s decision. May the broker remain silent simply because Massachusetts generally follows caveat emptor for sellers?

A. Yes
B. No, known material defects must be disclosed by the licensee
C. Yes, unless the buyer asks the exact question
D. Yes, if the seller orders the broker not to disclose

Question 4

A title examination reveals that several people may have old claims to a parcel even though they no longer assert ownership. Which action may help remove the cloud on title?

A. Repaint the property
B. Obtain appropriate quitclaim deeds or releases from the potential claimants
C. Increase the property ' s insurance coverage
D. Obtain a new appraisal

Question 5

A buyer ' s earnest-money check has been deposited into the broker ' s escrow account while the transaction remains pending. Which statement best describes the money?

A. It automatically belongs to the seller once deposited
B. It is held in trust/escrow pending proper disposition under the transaction
C. It automatically belongs to the salesperson who obtained the offer
D. It becomes the broker ' s money immediately

Solutions: