Massachusetts-Real-Estate-Salesperson by Real Estate Actual Free Exam Questions And Answers

Question 1

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

A. mortgage payments.

B. interest on a loan.

C. property taxes and insurance payments.

D. the bank's outstanding invoices.

Discussion 0

Correct Answer: C Vote an answer

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

Question 2

When real estate brokers and salespersons engage in renting residential dwelling units, they must provide a prospective tenant with written notice of the

A. Amount of the rent.

B. Amount of fee, if any, that the prospective tenant will have to pay for the broker's services.

C. Name and address of the landlord.

D. Presence of any sex offenders living in the neighborhood.

Discussion 0

Correct Answer: B Vote an answer

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

Question 3

Deposit money received by a salesperson must be turned over to the salesperson's broker

A. At the date specified in the offer to purchase.

B. Within three days.

C. Immediately.

D. At the signing of the purchase and sale agreement.

Discussion 0

Correct Answer: C Vote an answer

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

Question 4

A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker's right to be compensated and to work with other clients, this means that during the term of this agreement, the broker

A. may not show a property to other buyers until the buyer decides if they want to make an offer.

B. must be compensated by the seller.

C. is entitled to compensation even if the buyer purchases a property that they locate.

D. is only due compensation if the buyer purchases one of the broker's listings.

Discussion 0

Correct Answer: C Vote an answer

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

Question 5

A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two- car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck.
The ranch house is most likely to sell for around

A. $147,500

B. $148,500

C. $123,500

D. $128,500

Discussion 0

Correct Answer: A Vote an answer

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

Question 6

An owner has a freestanding cabinet that was custom-built to fit an alcove of the living room. When the owner sells the home, the cabinet will be best described as

A. personal property.

B. real property.

C. a fixture.

D. an appurtenance.

Discussion 0

Correct Answer: C Vote an answer

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

Question 7

A buyer wants to purchase a home for $275,000 with a 20% down payment. The lender charges 2.25 points.
How much money does the buyer need up front to make the purchase?

A. $59,950

B. $61,188

C. $55,000

D. $56,238

Discussion 0

Correct Answer: B Vote an answer

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

Question 8

An example of modular construction is

A. a home used as a model.

B. a log cabin.

C. an apartment building.

D. prefabricated housing.

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

Question 9

A salesperson owns an apartment complex in Boston. The salesperson has decided to advertise the property for sale in a local newspaper and personally sell it. If the salesperson proceeds in this manner, the salesperson is

A. Not violating the law because the broker-salesperson distinction does not apply to commercial properties.

B. Violating the law because a salesperson may not sell an income-producing property.

C. Not violating the law because the salesperson has all the rights of a non-salesperson owner.

D. Violating the law because the salesperson is not a broker and cannot advertise.

Discussion 0

Correct Answer: C Vote an answer

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

Real Estate Massachusetts Real Estate Salesperson - Massachusetts-Real-Estate-Salesperson Exam Practice Test

Contact Us

Useful Links

Latest Updated