Exam Name: Massachusetts Real Estate Salesperson Exam
Certification Provider: Real Estate
Corresponding Certification: Massachusetts Real Estate
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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| General Real Estate Knowledge | 67% | - Property Ownership
|
| Massachusetts Real Estate Law | 33% | - Licensing Requirements
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
An advertisement emphasizes information meant to appeal to a particular ethnic or national group in an effort to maintain the character of the neighborhood. From the viewpoint of the federal Fair Housing Act, this could constitute a violation known as
- A. steering.
- B. blockbusting.
- C. panic selling.
- D. redlining.
Correct Answer: A 🗳️
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Midboro Property Management receives 10% of rent actually collected. Monthly scheduled rent is $55,000.
One $1,000-per-month tenant pays only $250, and three other $1,000-per-month tenants pay nothing. What management fee is earned?
- A. $5,200
- B. $5,000
- C. $5,500
- D. $5,125
Correct Answer: D 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
A seller pays the commission of a broker who has an exclusive buyer-agency agreement with the purchaser.
Who does the broker represent?
- A. Both automatically
- B. Seller
- C. Whichever party paid the larger amount
- D. Buyer
Correct Answer: D 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
Under an option to buy, the ownership of land will change when the
- A. optionor does not fulfill the obligation.
- B. option is signed by the parties.
- C. optionee exercises the option.
- D. specified time has expired.
Correct Answer: C 🗳️
What type of loan would allow homeowners to utilize the equity built up in their home without having to sell?
- A. graduated payment
- B. reverse mortgage
- C. sale-and-leaseback
- D. accelerated mortgage
Correct Answer: B 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
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