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Free Massachusetts Real Estate Salesperson Exam Practice Questions

Question # 71

The common area of a condominium development is owned by

Options:

A.  

its duly elected Board of Directors.

B.  

those owners who were original owners of the units.

C.  

any individuals who pay a prorated share of the taxes and maintenance.

D.  

all owners as tenants in common.

Discussion 0
Question # 72

Which of the following acts does NOT require notifying the Board of Registration?

Options:

A.  

A broker changes his or her mailing address.

B.  

A salesperson terminates employment with one broker and affiliates with another.

C.  

A broker commences business under the trade name of ABC Realty.

D.  

A broker conducts business under the broker ' s own name.

Discussion 0
Question # 73

Under Massachusetts law in 2026, what automatic homestead protection is generally available for a qualifying principal residence even if no homestead declaration has been recorded?

Options:

A.  

$25,000

B.  

$125,000

C.  

$500,000

D.  

$1,000,000

Discussion 0
Question # 74

A seller has entered into an exclusive right to sell agreement with a broker. The buyer presents the seller with an offer to purchase which is 20% less than the list price. Which of the following is appropriate?

Options:

A.  

The seller is obligated to pay the buyer a commission or the offer price if the seller rejects the offer.

B.  

The seller is under no obligation to accept the offer or make a counteroffer.

C.  

The seller has 72 hours to submit a counteroffer or else the offer is considered to be accepted.

D.  

The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.

Discussion 0
Question # 75

A home has an assessed taxable value of $840,000. The local property-tax rate is $15 for every $1,000 of assessed value. What is the quarterly property-tax amount?

Options:

A.  

$3,150

B.  

$4,200

C.  

$6,300

D.  

$12,600

Discussion 0
Question # 76

In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. The broker has what type of agency relationship with the parties?

Options:

A.  

seller agency, no agency relationship with buyer

B.  

no agency relationship; in this situation the broker becomes a facilitator only

C.  

seller agency, buyer sub-agency

D.  

dual agency

Discussion 0
Question # 77

An example of modular construction is

Options:

A.  

prefabricated housing.

B.  

an apartment building.

C.  

a home used as a model.

D.  

a log cabin.

Discussion 0
Question # 78

A private men ' s club publicly advertises a self-contained studio on Facebook using language stating that it is suitable only for a single gentleman. Is the advertisement discriminatory?

Options:

A.  

No, sex can always be specified in housing advertising

B.  

No, any private club may publicly advertise a sex preference

C.  

Yes, the public advertisement expresses a preference based on sex

D.  

No, the words are merely descriptive of the apartment

Discussion 0
Question # 79

A buyer wants to purchase a home for $150,000 with a 30% down payment. The lender charges 1.75 points. How much money does the buyer need up front to make the purchase?

Options:

A.  

$45,000

B.  

$47,625

C.  

$45,788

D.  

$46,838

Discussion 0
Question # 80

If a deed creating a tenancy in common does NOT state the fractional interest of each co-owner, it

Options:

A.  

is void.

B.  

is presumed each owner has an equal interest.

C.  

must be determined by a majority vote of the tenants.

D.  

becomes a joint tenancy.

Discussion 0

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