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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. In a jurisdiction where a seller's property condition disclosure is required, the licensee is responsible for

A) ensuring that the buyer receives the property disclosure before the contract is finalized.
B) completing the property condition disclosure.
C) checking the disclosure for accuracy and ensuring that the buyer receives it before closing.
D) ensuring that the seller complete the property condition disclosure before closing.

2. A home warranty for a previously owned home would usually cover which of the following items?

A) structure or flooding issues after closing
B) only home systems such as the roof, plumbing, and foundation
C) major appliances and home systems such as electric, heating, and plumbing
D) major appliances, the buyer's personal property, and any seller added fixtures

3. A broker lists a property for ninety days. A buyer stops at the owner's residence and makes an offer for the property, which the owner accepts. The broker has no knowledge of the sales agreement between the buyer and the owner. The broker is entitled to a commission from the sale if the agreement the broker had with the owner was a(n)

A) Net listing.
B) Exclusive right-to-sell listing.
C) Exclusive agency listing.
D) Open listing.

4. A person acquires an option to purchase a parcel of another person's land. Which of the following statements is correct?

A) The potential buyer is the optionor and the seller is the optionee.
B) The consideration for the option right, plus interest, will be automatically applied to the purchase price if the option is exercised.
C) The terms and conditions of the sale must be stated if the option is to be a valid contract.
D) An option is a promise by the optionee to enter into a contract in the future.

5. A property manager has successfully negotiated the lease of a home built in 1965 to tenants who have no children. Regarding disclosure of lead-based paint, the property manager should

A) give the tenants 10 days to test the home and provide them with the required booklet.
B) have all the lead-based paint covered or removed by licensed mitigators.
C) have the tenants sign the disclosure form and provide them with the required booklet.
D) do nothing, as regulations only apply when children are present.

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