Free Massachusetts Real Estate Salesperson Exam Practice Questions

A.  

One year

B.  

Two years

C.  

Three years

D.  

Ten years

A.  

State legislature.

B.  

Governor ' s office.

C.  

General public.

D.  

Licensees.

A.  

Yes, Massachusetts requires it

B.  

Yes, unless the property is mortgaged

C.  

No, spouses can select another legally available form of ownership

D.  

No, because tenancy by the entirety is prohibited in Massachusetts

A.  

Do nothing; no action is required.

B.  

Appeal the decision within 14 days.

C.  

Stop working, but may still make referrals.

D.  

Surrender the license to the Board of Registration.

A.  

Yes, for six months

B.  

Yes, for one year

C.  

Yes, indefinitely

D.  

No; Massachusetts generally recognizes an equitable redemption right before the foreclosure sale, not a post-sale statutory redemption period for mortgage foreclosure

A.  

Within three days.

B.  

At the date specified in the offer to purchase.

C.  

Immediately.

D.  

At the signing of the purchase and sale agreement.

A.  

A regular employee of a property owner who conducts lease transactions on the property

B.  

A licensed person who for a fee receives a referral from a licensed broker

C.  

A property manager who handles the sale of units within a managed condominium complex

D.  

Salespersons who sell their primary residences

A.  

Owners who sell their homes privately

B.  

Listing brokers who receive only a percentage of commissions

C.  

Builders who sell fewer than ten homes a year

D.  

Salespersons since they are obligated to their employing brokers only

A.  

Within two years before the sale

B.  

Exactly five years before the sale

C.  

Only after closing

D.  

Title 5 never applies to property transfers

A.  

Tenancy by the entirety.

B.  

Tenancy in common.

C.  

Joint tenancy.

D.  

Tenancy in severalty.