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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A broker has a single agency relationship with the seller. Any required property condition disclosure would be completed by the

A) listing agent on behalf of seller.
B) broker.
C) listing agent on behalf of broker.
D) seller.

2. A buyer wants to purchase a home for $275,000 with a 20% down payment. The lender charges 2.25 points.
How much money does the buyer need up front to make the purchase?

A) $56,238
B) $55,000
C) $61,188
D) $59,950

3. A motel is the subject of an appraisal and it is determined that a rerouting of a county highway has limited customer access to the motel. This is an example of

A) landlocked property.
B) regression.
C) functional obsolescence.
D) economic obsolescence.

4. A broker may withdraw money from the broker's escrow account

A) When ordered by the seller's attorney.
B) When the transaction has been consummated.
C) To cover the broker's commission.
D) To pay for advertising expenses related to the sale.

5. A buyer receives a seller's property condition disclosure in which the buyer's agent believes the seller has misrepresented the condition of the property. The buyer's agent should

A) recommend that the buyer withdraw from the transaction.
B) call the listing agent and express this concern.
C) remain silent as the agent does not know for certain that the seller has misrepresented the property.
D) point out this concern to the buyer and recommend further inspection or investigation before proceeding.

Solutions: