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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. The Massachusetts Consumer Protection Act (M.G.L. c. 93A) does NOT apply to which of the following persons?

A) Builders who sell fewer than ten homes a year
B) Listing brokers who receive only a percentage of commissions
C) Salespersons since they are obligated to their employing brokers only
D) Owners who sell their homes privately

2. In Massachusetts, which of the following statements about smoke detectors prior to closing is always correct?

A) A smoke detector certificate must be obtained from the local fire department.
B) A three-family residence can have either battery-operated or hard-wired smoke detectors.
C) All single-family residences must have hard-wired smoke detectors.
D) Smoke detectors are optional in single-family houses.

3. The Massachusetts Consumer Protection Act requires that

A) The broker disclose known material defects.
B) The seller disclose all offers received.
C) The seller's information be kept confidential.
D) The buyer be informed of all offers.

4. A real estate licensee is a partial owner of a local inspection company. It is permissible for the licensee to tell all clients to use this company when

A) it is in the best interest of the client.
B) the client does not ask for other recommendations.
C) the licensee discloses the interest in the company to the client.
D) the licensee does not know any of the other title companies in the area.

5. A subordination agreement is used to

A) initiate foreclosure proceedings.
B) pledge property for a loan without giving up possession.
C) change the priority of mortgages.
D) assign rents to the lender in case of borrower default.

Solutions: