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Free Massachusetts Real Estate Salesperson Exam Practice Questions

Question # 101

A seller lists the same property nonexclusively with several brokers and agrees to compensate only the broker who successfully procures the buyer. What type of listing is this?

Options:

A.  

Exclusive-right-to-sell listing

B.  

Exclusive-agency listing

C.  

Open listing

D.  

Net listing

Discussion 0
Question # 102

Larry holds an easement allowing him to cross part of Louis ' s property to reach his parking area. Which estate is Louis ' s property?

Options:

A.  

Servient tenement

B.  

Voluntary tenement

C.  

Dominant tenement

D.  

Involuntary tenement

Discussion 0
Question # 103

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

Options:

A.  

quitclaim deed

B.  

trustee’s deed

C.  

general warranty deed

D.  

deed in trust

Discussion 0
Question # 104

Which appraisal approach is ordinarily used most heavily when valuing a typical owner-occupied single-family residence for which sufficient comparable sales exist?

Options:

A.  

Income capitalization approach

B.  

Sales comparison approach

C.  

Cost approach only

D.  

Gross income multiplier only

Discussion 0
Question # 105

In a listing agreement, the broker promises to use professional efforts to market the seller ' s property and procure a buyer, while the seller promises agreed compensation if the contractual conditions are satisfied. What contract element is represented by these exchanged promises?

Options:

A.  

Consideration

B.  

Recordation

C.  

Novation

D.  

Estoppel

Discussion 0

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