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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. To avoid triggering full disclosure under TILA when advertising financing availability on a listed property, which of the following statements must a real estate licensee avoid using?

A) buy for less than $650 per month
B) FHA and VA financing available
C) assumable loan
D) owner willing to finance

2. A broker has a single agency relationship with the seller. Any required property condition disclosure would be completed by the

A) listing agent on behalf of broker.
B) seller.
C) listing agent on behalf of seller.
D) broker.

3. Which of the following is among the typical responsibilities of a residential property manager?

A) negotiating leases between the property owner and potential tenants
B) requesting that the tenant's employer withhold the past due rent from wages
C) selecting tenants to provide a diverse environment
D) making decisions about structural changes that will enhance the property value

4. The heir to a large estate will be of legal age within 30 days. The heir lists for sale with a broker one of the properties held by the estate. The broker knows of a buyer for the property and sells it within 24 hours of listing, with closing to be in 45 days. Both listing and sale contracts are

A) executed.
B) fulfilled.
C) voidable.
D) executory.

5. A buyer receives a seller's property condition disclosure in which the buyer's agent believes the seller has misrepresented the condition of the property. The buyer's agent should

A) remain silent as the agent does not know for certain that the seller has misrepresented the property.
B) recommend that the buyer withdraw from the transaction.
C) call the listing agent and express this concern.
D) point out this concern to the buyer and recommend further inspection or investigation before proceeding.

Solutions: