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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A first-year licensee without either a degree in finance, or a strong background in real estate investment should generally refrain from

A) representing an owner who wants to sell raw land to a developer.
B) representing a first time home buyer.
C) listing commercial income property.
D) acting as the seller's agent in selling an oceanfront lot to a retiree.

2. A property manager has successfully negotiated the lease of a home built in 1965 to tenants who have no children. Regarding disclosure of lead-based paint, the property manager should

A) give the tenants 10 days to test the home and provide them with the required booklet.
B) have the tenants sign the disclosure form and provide them with the required booklet.
C) do nothing, as regulations only apply when children are present.
D) have all the lead-based paint covered or removed by licensed mitigators.

3. In Massachusetts, deeds are recorded at the

A) County registry.
B) Massachusetts Board of Registration.
C) City or town hall.
D) State registry.

4. When real estate brokers and salespersons engage in renting residential dwelling units, they must provide a prospective tenant with written notice of the

A) Amount of the rent.
B) Amount of fee, if any, that the prospective tenant will have to pay for the broker's services.
C) Name and address of the landlord.
D) Presence of any sex offenders living in the neighborhood.

5. 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?

A) All three of the offers
B) The first offer received
C) The offer most favorable to the seller, including price and all terms
D) The offer with the highest sale price

Solutions: