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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Which of the following activities may result in a fine from the Massachusetts Commission Against Discrimination (MCAD) against a licensee?

A) Acting in the dual capacity of broker and undisclosed principal in the same transaction
B) Knowingly making any substantial misrepresentation
C) Blockbusting
D) Failing to give both the buyer and the seller a copy of the purchase and sales agreement

2. When practicing as a facilitator, the facilitator

A) Does not represent the seller or the buyer.
B) Must represent a seller or a buyer.
C) Must have signed Disclosed Dual Agency.
D) Has an agency obligation of disclosure to the seller.

3. A married couple owns property as tenants by the entirety. If they were to divorce, their ownership would be

A) Joint tenancy.
B) Tenancy by the entirety.
C) Tenancy in severalty.
D) Tenancy in common.

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

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

5. Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?

A) The buyer's broker can provide samples so that when the licensee and the borrower prepare the forms they are following a good example.
B) Because the listing broker will be primarily responsible for completing the Loan Estimate to send to the lender, the broker should train associated licensees to collect all the necessary information in a timely fashion.
C) Because the lender has primary responsibility to provide these forms, the broker and licensees should be aware of the items required for the lender to comply.
D) The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.

Solutions: