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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?

A) Because the lender has primary responsibility to provide these forms, the broker and licensees should be aware of the items required for the lender to comply.
B) Because the listing broker will be primarily responsible for completing the Loan Estimate to send to the lender, the broker should train associated licensees to collect all the necessary information in a timely fashion.
C) The buyer's broker can provide samples so that when the licensee and the borrower prepare the forms they are following a good example.
D) The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.

2. Which of the following types of agreements applies when the seller retains the right to sell?

A) MLS Listing
B) Net Listing
C) Exclusive Right to Sell Listing
D) Exclusive Agency Listing

3. When a licensee is hired to find a tenant for a summer vacation home on Cape Cod built in 1950, for a period of two weeks,

A) The Massachusetts Fair Housing Law does not apply.
B) There is no limit on the amount of the security deposit.
C) An unlicensed assistant may handle the transaction.
D) The Massachusetts Lead Law is not applicable.

4. The Massachusetts Consumer Protection Act (M.G.L. c. 93A)

A) Protects homeowners who sell their homes without a broker.
B) Prohibits use of unfair and deceptive practices in business.
C) Prohibits use of only deceptive practices in landlord-tenant law.
D) Protects tenants from personal property disputes.

5. A buyer makes an offer on a property and asks the Seller's broker to recommend a good home inspector. The Seller's broker may

A) Recommend a specific home inspector.
B) Provide a list of no fewer than 20 licensed home inspectors in the county where the property is located.
C) Provide business cards of local home inspectors.
D) Provide the complete list of home inspectors prepared by the Commonwealth of Massachusetts.

Solutions: