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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Under Housing and Urban Development guidelines, when an advertisement includes the phrase "walk to bus- stop," the advertisement is

A) Discriminatory against individuals with disabilities.
B) Only discriminatory against disabled individuals in some cases.
C) Only discriminatory if the statement is false.
D) Not discriminatory against disabled individuals.

2. The provisions of the Real Estate License Law apply to which of the following individuals?

A) Salespersons who sell their primary residences
B) A regular employee of a property owner who conducts lease transactions on the property
C) A licensed person who for a fee receives a referral from a licensed broker
D) A property manager who handles the sale of units within a managed condominium complex

3. A veteran has applied for a VA loan to purchase a house with a sale price of $90,000. The Department of Veterans Affairs (VA) appraised the house at $85,000. In this situation, the veteran

A) cannot secure a VA loan because such loans are limited to a maximum of $75,000.
B) may buy the property with the VA loan only if the price is reduced to $85,000.
C) may use the VA loan to buy the house after making a down payment of $5,000.
D) may buy the property with the VA loan only if the seller agrees to take back a second mortgage for
$5,000.

4. A licensee listed a property that had an unfinished garage. The licensee received an offer subject to the garage being finished. Was a contractual obligation created?

A) Yes, because a definite and certain offer was made by the buyer.
B) No, because contractual obligations must be in writing and notarized.
C) No, because the seller has not accepted the offer.
D) Yes, because both the seller and buyer offered to enter into a contract.

5. Which of the following property valuation estimates or reports would have to be prepared by a licensed or certified appraiser?

A) a value analysis for a non-residential property valued below $250,000
B) a reconciliation report for an FHA loan
C) a comparative market analysis
D) a broker's price opinion

Solutions: