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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Based on the common law of agency, which of the following would always be an agent's duty?

A) disclosing that the reason a client is selling is an impending divorce
B) analyzing the preliminary title report and advising the buyer regarding exceptions listed
C) hiring a contractor to repair a listing with a leaky roof
D) placing the interests of the principal above all others, including the agent's own interests

2. Multi-ethnic families were beginning to move into a neighborhood that had previously been all one ethnicity.
A local broker passed out flyers to homeowners that said, "Sell now before it's too late! We have beautiful new homes with attractive financing and good schools." These flyers would likely be viewed by the courts as

A) good marketing.
B) steering.
C) redlining.
D) blockbusting.

3. Which of the following assurances is provided to home buyers who purchase a $75,000 property with an FHA- insured mortgage?

A) The neighborhood values will increase.
B) The property has been appraised for value.
C) The property is not subject to eminent domain.
D) A down payment is not required.

4. Which of the following statements about the leasing of apartments in Massachusetts is correct?

A) Death of the landlord terminates residential leases.
B) Tenancies at will are enforceable under the law.
C) Interest on security deposits begins after the first year of tenancy.
D) Leases terminate when the property is sold.

5. An escrow or trust account is often held by a lender to pay

A) property taxes and insurance payments.
B) mortgage payments.
C) the bank's outstanding invoices.
D) interest on a loan.

Solutions: