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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A licensee whose license has been suspended is required to

A) Appeal the decision within 14 days.
B) Surrender the license to the Board of Registration.
C) Stop working, but may still make referrals.
D) Do nothing; no action is required.

2. If a seller defaults in performance of a contract, any of the following actions would be likely to help the buyer recover any losses EXCEPT

A) filing a complaint with the Real Estate Commission.
B) bringing an action against the seller for payment of compensatory damages.
C) canceling the contract and recovering the earnest money.
D) suing the seller for specific performance.

3. A private integrated club refused to rent one of its condos to a minority family. The club explained that it did not rent the condos to the public since the condos were for members only. Is the club in violation of the federal Fair Housing Act, and if so, how?

A) Yes, because the club had minority members, and therefore was not eligible for exemptions from the federal Fair Housing Act.
B) Yes, because when race is involved, no exceptions to the federal Fair Housing Act exist.
C) No, because a private club may restrict the rental of its own lodgings to its members as long as the lodgings are not operated commercially.
D) No, because as an integrated club, they could discriminate on the basis of race in renting facilities.

4. A licensee must provide disclosure of licensed status when acting as a principal if

A) any relative of the licensee has ever lived in the residence.
B) the licensee has any economic interest in the property.
C) the licensee does not have errors and omission insurance.
D) the agent of the other party asks about this specifically.

5. Which type of deed provides the purchaser of real estate the greatest protection?

A) trustee's deed
B) deed in trust
C) general warranty deed
D) quitclaim deed

Solutions: