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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A licensee must provide disclosure of licensed status when acting as a principal if

A) any relative of the licensee has ever lived in the residence.
B) the licensee has any economic interest in the property.
C) the agent of the other party asks about this specifically.
D) the licensee does not have errors and omission insurance.

2. A property manager has successfully negotiated the lease of a home built in 1965 to tenants who have no children. Regarding disclosure of lead-based paint, the property manager should

A) have the tenants sign the disclosure form and provide them with the required booklet.
B) have all the lead-based paint covered or removed by licensed mitigators.
C) do nothing, as regulations only apply when children are present.
D) give the tenants 10 days to test the home and provide them with the required booklet.

3. A client makes an offer on a residential property and provides a check for $2,000 as earnest money. The client instructs his buyer agent to hold the check for five days so it will clear the bank. What should the agent do with the check?

A) Hold it for five days before submitting the check to his broker for deposit in the escrow account.
B) Refuse to present the offer to the seller's agent until the earnest money can be deposited.
C) Inform the client that the offer will be presented without any earnest money since the agent is required to submit all offers.
D) Provide the check to his broker immediately with the client's instruction to hold it for five days before depositing it in the escrow account.

4. A tenant in a building that is being converted to condominiums is required to receive an opportunity to purchase the unit the tenant occupies at terms

A) Equal to or better than that offered to the general public.
B) 20% less than that offered to the general public.
C) At a monthly payment equal to the tenant's current monthly rent.
D) 15% less than that offered to the general public.

5. A motel is the subject of an appraisal and it is determined that a rerouting of a county highway has limited customer access to the motel. This is an example of

A) landlocked property.
B) economic obsolescence.
C) regression.
D) functional obsolescence.

Solutions: