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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
| National Real Estate Principles & Practices | - Property Ownership
- 1. Types of ownership (fee simple, leasehold)
- 2. Land use and regulations
- Valuation and Market Analysis
- 1. Appraisal principles
- 2. Comparative market analysis
- Agency Principles
- 1. Fiduciary duties
- 2. Disclosure requirements
- Land Use Controls & Regulations
- 1. Environmental regulations
- 2. Zoning laws
- Contracts
- 1. Purchase and sale agreements
- 2. Listing agreements
- Financing
- 1. Mortgage types
- 2. Loan origination process
|
| Massachusetts State-Specific Real Estate Law | - Real Estate Practices in Massachusetts
- 1. Escrow and trust accounts
- 2. Transaction procedures
- Fair Housing and Anti-Discrimination Laws
- 1. Federal Fair Housing Act
- 2. Massachusetts fair housing rules
- State Licensing Laws
- 1. Broker and salesperson requirements
- 2. License law and regulations
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
Question 1
What is an enforceable agreement between competent parties in which each party obtains a legal benefit or assumes a legal obligation?
A. Contract
B. Deed restriction
C. Mortgage lien
D. Easement
Question 2
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. condemnation.
B. negotiation.
C. accession.
D. escheat.
Question 3
Which of the following is a lien against real estate?
A. Trade fixture
B. Riparian right
C. Recorded mortgage
D. Freestanding refrigerator
Question 4
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. panic selling.
C. redlining.
D. blockbusting.
Question 5
The Massachusetts Consumer Protection Act (M.G.L. c. 93A) does NOT apply to which of the following persons?
A. Owners who sell their homes privately
B. Salespersons since they are obligated to their employing brokers only
C. Listing brokers who receive only a percentage of commissions
D. Builders who sell fewer than ten homes a year
Solutions:
Question 1 Answer: A | Question 2 Answer: A | Question 3 Answer: C | Question 4 Answer: A | Question 5 Answer: A |