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Free Massachusetts Real Estate Salesperson Exam Practice Questions

Question # 31

Priya is an attorney currently licensed and in good standing to practice law in Massachusetts. She wants a Massachusetts real-estate broker license. Which route applies?

Options:

A.  

Apply for the attorney-broker license and satisfy the application requirements; she is exempt from the broker examination.

B.  

Complete the ordinary 40-hour salesperson course and examination first.

C.  

Obtain a salesperson license and work for a broker for several years before applying.

D.  

She cannot obtain a broker license while practicing law.

Discussion 0
Question # 32

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

Options:

A.  

Blockbusting

B.  

Knowingly making any substantial misrepresentation

C.  

Acting in the dual capacity of broker and undisclosed principal in the same transaction

D.  

Failing to give both the buyer and the seller a copy of the purchase and sales agreement

Discussion 0
Question # 33

Which of the following groups are protected under the Massachusetts Fair Housing Laws?

Options:

A.  

Public assistance recipients

B.  

Sex offenders

C.  

Students

D.  

Smokers

Discussion 0
Question # 34

A Massachusetts licensee acts as a facilitator in a transaction. What is the key characteristic of this relationship?

Options:

A.  

The facilitator owes full seller-agent fiduciary loyalty

B.  

The facilitator owes full buyer-agent fiduciary loyalty

C.  

The facilitator assists the transaction without representing the consumer as an agent

D.  

The facilitator automatically becomes a dual agent

Discussion 0
Question # 35

Who has ultimate regulatory responsibility for accepting and maintaining transaction escrow funds in a Massachusetts brokerage?

Options:

A.  

The affiliated salesperson

B.  

The buyer

C.  

The broker

D.  

The home inspector

Discussion 0
Question # 36

A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?

Options:

A.  

All three of the offers

B.  

The first offer received

C.  

The offer with the highest sale price

D.  

The offer most favorable to the seller, including price and all terms

Discussion 0
Question # 37

When a licensee is hired to find a tenant for a summer vacation home on Cape Cod built in 1950, for a period of two weeks,

Options:

A.  

The Massachusetts Lead Law is not applicable.

B.  

The Massachusetts Fair Housing Law does not apply.

C.  

An unlicensed assistant may handle the transaction.

D.  

There is no limit on the amount of the security deposit.

Discussion 0
Question # 38

A Massachusetts licensee wants to represent both the buyer and seller in the same transaction. What is required?

Options:

A.  

Nothing, dual agency is automatic

B.  

Informed consent from both parties in accordance with Massachusetts requirements

C.  

Only the seller ' s verbal permission

D.  

Only the buyer ' s permission after closing

Discussion 0
Question # 39

Broker N has five affiliated salespersons. On Monday at 10:00 a.m., Salesperson J submitted an offer to purchase from a prospective buyer. The offer price was $300,000. An hour later, Salesperson R submitted an offer of $296,000. However, Broker N held the second offer until the seller rejected the first offer. Broker N ' s conduct in this situation is

Options:

A.  

Permissible as long as both salespeople knew of Broker N ' s action.

B.  

Permissible as long as both salespeople share a commission on either of the offers accepted by the seller.

C.  

Not permissible because a broker must inform all potential buyers of existing offers.

D.  

Not permissible because a broker must present all offers to the principal forthwith.

Discussion 0
Question # 40

How long must a Massachusetts broker retain the Mandatory Licensee-Consumer Relationship Disclosure form?

Options:

A.  

Six months

B.  

One year

C.  

Three years

D.  

Ten years

Discussion 0

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