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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Based on the common law of agency, which of the following would always be an agent's duty?

A) hiring a contractor to repair a listing with a leaky roof
B) placing the interests of the principal above all others, including the agent's own interests
C) analyzing the preliminary title report and advising the buyer regarding exceptions listed
D) disclosing that the reason a client is selling is an impending divorce

2. An owner signed a contract to sell an apartment building. Just before closing, the owner informed the buyers that the owner would NOT sell the property. A lawsuit filed by the buyers would be for

A) lis pendens.
B) a deficiency judgment.
C) quiet title action.
D) specific performance.

3. Under Housing and Urban Development guidelines, when an advertisement includes the phrase "walk to bus- stop," the advertisement is

A) Not discriminatory against disabled individuals.
B) Only discriminatory against disabled individuals in some cases.
C) Discriminatory against individuals with disabilities.
D) Only discriminatory if the statement is false.

4. A broker maintains a trust or escrow account. A $10,000 earnest money deposit is received from a buyer and deposited in the account. Several weeks later and prior to closing, the broker withdraws $7,000 from the account and puts it in an operating account. This transaction is

A) permissible if the seller was informed about the transfer of funds.
B) a violation of federal banking regulations.
C) an instance of illegal conversion of funds.
D) permissible as long as the broker is entitled to at least $7,000 in commission.

5. The two clauses in a mortgage which allow the lender to proceed with a foreclosure sale are which of the following?

A) acceleration clause and power of sale clause
B) foreclosure clause and alienation clause
C) escalation clause and alienation clause
D) escalation clause and power of sale clause

Solutions: