Real Estate Massachusetts-Real-Estate-Salesperson : Massachusetts Real Estate Salesperson Exam

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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

If a lender has granted a VA-guaranteed loan to a veteran, the veteran

A. cannot prepay any of the principal amount of the loan.
B. cannot apply for another VA loan in the veteran's lifetime.
C. may sell the property to another veteran who assumes the loan.
D. makes the down payment directly to the VA.

Question 2

Disclosure of licensee relationships to prospective buyers and sellers is required

A. When listing commercial properties.
B. When discussing any real estate issue.
C. When responding to a telephone or internet inquiry.
D. At the first personal meeting to discuss a specific single-family property.

Question 3

A client makes an offer on a residential property and provides a check for $2,000 as earnest money. The client instructs his buyer agent to hold the check for five days so it will clear the bank. What should the agent do with the check?

A. Inform the client that the offer will be presented without any earnest money since the agent is required to submit all offers.
B. Refuse to present the offer to the seller's agent until the earnest money can be deposited.
C. Provide the check to his broker immediately with the client's instruction to hold it for five days before depositing it in the escrow account.
D. Hold it for five days before submitting the check to his broker for deposit in the escrow account.

Question 4

The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present

A. the highest cash offer to the seller.
B. the highest offer to the seller.
C. only cash offers to the seller.
D. all offers to the seller.

Question 5

A tenant in a building that is being converted to condominiums is required to receive an opportunity to purchase the unit the tenant occupies at terms

A. Equal to or better than that offered to the general public.
B. 20% less than that offered to the general public.
C. 15% less than that offered to the general public.
D. At a monthly payment equal to the tenant's current monthly rent.

Solutions: