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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A broker lists a property for ninety days. A buyer stops at the owner's residence and makes an offer for the property, which the owner accepts. The broker has no knowledge of the sales agreement between the buyer and the owner. The broker is entitled to a commission from the sale if the agreement the broker had with the owner was a(n)

A) Exclusive agency listing.
B) Net listing.
C) Open listing.
D) Exclusive right-to-sell listing.

2. A buyer wants to purchase a home for $275,000 with a 20% down payment. The lender charges 2.25 points.
How much money does the buyer need up front to make the purchase?

A) $56,238
B) $59,950
C) $55,000
D) $61,188

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

4. Which of the following is used in the cost approach when estimating the value of improvements?

A) Location, available financing, and depreciation.
B) The price per square foot of comparable properties.
C) The assessed value of the property including the land.
D) How much it would cost to build a similar building at today's cost.

5. When performing its duties, the Board of Registration protects and safeguards the interests of the

A) General public.
B) Licensees.
C) Governor's office.
D) State legislature.

Solutions: