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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

An agent earns $125,000 in total commission. The agent receives 1% on the first $5,000,000 of sales and a higher percentage on sales above $5,000,000. Total annual sales equal $8,500,000. What commission rate applied to the amount above $5,000,000?

A. 1.51%
B. 2.01%
C. 3.52%
D. 2.14%

Question 2

Which of the following are potential remedies for violating Massachusetts General Laws Chapter 93A?

A. 1 year probation
B. Fine of not more than $11,000
C. Imprisonment
D. Double or triple damages, attorney ' s fees and court costs

Question 3

A property manager prepares a detailed analysis of a property before developing a management plan. Which information would appropriately be included?

A. The manager ' s personal household expenses
B. Lease abstracts and physical curb-appeal analysis
C. Only the owner ' s original acquisition price
D. Only the property ' s assessed tax value

Question 4

A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two- car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck.
The ranch house is most likely to sell for around

A. $148,500
B. $147,500
C. $123,500
D. $128,500

Question 5

Which leasehold estate automatically continues for successive periods until properly terminated by either landlord or tenant?

A. Periodic tenancy
B. Estate for years
C. Estate at sufferance
D. Life estate

Solutions: