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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Massachusetts State-Specific Real Estate Law | - Real Estate Practices in Massachusetts
|
| Topic 2: National Real Estate Principles & Practices | - Agency Principles
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
A tenant in a building that is being converted to condominiums is required to receive an opportunity to purchase the unit the tenant occupies at terms
- A. 15% less than that offered to the general public.
- B. Equal to or better than that offered to the general public.
- C. 20% less than that offered to the general public.
- D. At a monthly payment equal to the tenant ' s current monthly rent.
Correct Answer: B 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
A homeowner announces, "I will pay $100 to the first person who completely shovels my driveway." What type of contractual offer does this illustrate?
- A. Listing contract
- B. Bilateral contract
- C. Executed lease
- D. Unilateral contract
Correct Answer: D 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
A married couple owns property as tenants by the entirety. If they were to divorce, their ownership would be
- A. Joint tenancy.
- B. Tenancy in severalty.
- C. Tenancy in common.
- D. Tenancy by the entirety.
Correct Answer: C 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
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. fulfilled.
- B. executed.
- C. voidable.
- D. executory.
Correct Answer: C 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
At settlement, a mortgage lender requires the borrower to deposit $345 into an escrow account. For what purpose would those funds most commonly be held?
- A. Brokerage commissions
- B. Property taxes and homeowners insurance
- C. Furniture purchases
- D. Seller ' s moving costs
Correct Answer: B 🗳️
Explanation: Only visible for Dumpexams members. You can sign-up / login (it's free).
