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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A subordination agreement is used to

A) change the priority of mortgages.
B) initiate foreclosure proceedings.
C) assign rents to the lender in case of borrower default.
D) pledge property for a loan without giving up possession.

2. Inactive salespersons are permitted to perform which of the following activities?

A) List homes by telephone.
B) Refer potential listings to an active broker in exchange for a fee from the active broker.
C) Refer potential buyers to an active salesperson in exchange for a fee from the salesperson.
D) Affiliate with inactive brokers.

3. 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 agent of the other party asks about this specifically.
C) the licensee does not have errors and omission insurance.
D) the licensee has any economic interest in the property.

4. A landlord may require that a disabled tenant

A) pay an additional fee for using the swimming pool to cover the added insurance cost.
B) not install grab bars in the tile shower if drilling holes in the tile is required.
C) pay double the usual $500 security deposit.
D) remove the wheelchair ramp from the apartment upon vacating the unit.

5. A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two- car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck.
The ranch house is most likely to sell for around

A) $128,500
B) $147,500
C) $148,500
D) $123,500

Solutions: