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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A first-year licensee without either a degree in finance, or a strong background in real estate investment should generally refrain from

A) listing commercial income property.
B) acting as the seller's agent in selling an oceanfront lot to a retiree.
C) representing a first time home buyer.
D) representing an owner who wants to sell raw land to a developer.

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

3. The Massachusetts Sanitary Code requires landlords to

A) Provide a statement of condition within 30 days of the lease.
B) Notify a tenant 24 hours prior to entering a property.
C) Inspect the property every six months.
D) Maintain their properties in a safe and habitable condition.

4. A licensee listed a property that had an unfinished garage. The licensee received an offer subject to the garage being finished. Was a contractual obligation created?

A) Yes, because both the seller and buyer offered to enter into a contract.
B) No, because contractual obligations must be in writing and notarized.
C) No, because the seller has not accepted the offer.
D) Yes, because a definite and certain offer was made by the buyer.

5. A buyer and a seller have a purchase agreement that contains a home inspection contingency. The buyer has applied for a VA mortgage. After the home inspection is completed, the buyer writes an addendum requesting that the seller pay to repair several items found by the home inspector. The seller counters the addendum by requiring that the buyer agree that the repairs will be made, but that no further expenses will be incurred by the seller. The VA appraisal inspection has not been conducted. Under these circumstances, which of the following is correct?

A) The licensee should encourage the seller to place the home back on the market.
B) There is no longer a valid contract.
C) The original contract is still in effect.
D) The VA inspection is not necessary because the buyer's home inspection report will be sent to the mortgage company.

Solutions: