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

SectionWeightObjectives
General Real Estate Knowledge67%- Property Ownership
  • 1. Land Characteristics
  • 2. Types of Ownership
  • 3. Property Rights
- Financing
  • 1. Loan Qualification
  • 2. Mortgage Types
  • 3. Financing Instruments
- Valuation and Market Analysis
  • 1. Comparative Market Analysis
  • 2. Appraisal Principles
  • 3. Market Value
- Laws of Agency
  • 1. Agency Relationships
  • 2. Duties of Agents
  • 3. Disclosure Requirements
- Real Estate Practice
  • 1. Listings
  • 2. Transfer of Title
  • 3. Settlement Procedures
- Contracts
  • 1. Leases
  • 2. Purchase Agreements
  • 3. Contract Law
Massachusetts Real Estate Law33%- Licensing Requirements
  • 1. Salesperson Licensing Rules
  • 2. Continuing Education
  • 3. License Renewal
- Massachusetts License Law
  • 1. Board Regulations
  • 2. Consumer Protection
  • 3. Disciplinary Actions
- Massachusetts Real Estate Practices
  • 1. Advertising Rules
  • 2. Agency Disclosure
  • 3. Escrow Requirements

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. The broker has what type of agency relationship with the parties?

A) seller agency, buyer sub-agency
B) seller agency, no agency relationship with buyer
C) no agency relationship; in this situation the broker becomes a facilitator only
D) dual agency


2. Time is of the essence means

A) every act under the contract must be performed on the exact date specified.
B) the closing must occur as soon as possible.
C) time limits stated in the contract may not be modified, even by mutual agreement of the parties.
D) time limits set forth in the contract must be carefully observed.


3. Which of the following will NOT be considered relevant if HUD investigates a prospective home buyer's allegation of discriminatory treatment by a licensee in a brokerage office?

A) whether or not the HUD Equal Housing Opportunity poster is displayed in the office
B) whether the licensee believed they were acting in the best interests of the prospective buyer
C) records of the houses shown and properties suggested to the prospective buyer
D) the reports of undercover testers who visited the office


4. The city wishes to purchase a parcel of property to be used as a cloverleaf for access to the nearby interstate.
The landowner refuses to sell. To acquire title to the property, the city will initiate a process of

A) accession.
B) negotiation.
C) escheat.
D) condemnation.


5. Which of the following is incorrect regarding carbon monoxide inspection?

A) There is no additional fee if the inspection is done at the same time as the smoke detector inspection.
B) The inspection must be completed as a prerequisite to sell a residential property burning fossil fuel.
C) The inspection must be completed by a building inspector.
D) The inspection must be completed by the local fire department.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: C

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