Real Estate Massachusetts Real Estate Salesperson - Massachusetts-Real-Estate-Salesperson

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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. If owners ask a broker not to show a property to recipients of government assistance, the broker must

A) Inform the Board of Registration.
B) Accept the listing.
C) Refuse the listing.
D) Inform the Massachusetts Commission Against Discrimination.

2. When lending standards are tightened, lenders typically require

A) a waiver of the Equal Credit Opportunity Act.
B) a higher loan-to-value ratio.
C) a balloon payment after 5 years.
D) a lower loan-to-value ratio.

3. In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. The broker has what type of agency relationship with the parties?

A) seller agency, no agency relationship with buyer
B) no agency relationship; in this situation the broker becomes a facilitator only
C) seller agency, buyer sub-agency
D) dual agency

4. The Massachusetts Consumer Protection Act requires that

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

5. Which of the following is true of a quitclaim deed?

A) It has warranties similar to a special warranty deed.
B) It cannot be recorded.
C) It cannot be used to transfer a title held in fee simple.
D) It can be used to remove a cloud on a title.

Solutions: