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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

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

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

2. Which of the following property valuation estimates or reports would have to be prepared by a licensed or certified appraiser?

A) a comparative market analysis
B) a broker's price opinion
C) a reconciliation report for an FHA loan
D) a value analysis for a non-residential property valued below $250,000

3. Which of the following assurances is provided to home buyers who purchase a $75,000 property with an FHA- insured mortgage?

A) The property has been appraised for value.
B) The property is not subject to eminent domain.
C) A down payment is not required.
D) The neighborhood values will increase.

4. A broker has been engaged to locate a property for a buyer. The broker has determined that a suitable property for the buyer is for sale and is owned by the broker's cousin. The broker has not informed the buyer of the broker's relationship with the owner. If the buyer purchases the property under these circumstances, the broker is

A) Not violating the license law because the broker in this situation has no duty of disclosure.
B) Violating the license law because it is illegal to purchase family property for a principal.
C) Not violating the license law because a relative's interest is an exception to the fiduciary duty rule.
D) Violating the license law because a relative's interest shall be made known to all parties.

5. A salesperson owns an apartment complex in Boston. The salesperson has decided to advertise the property for sale in a local newspaper and personally sell it. If the salesperson proceeds in this manner, the salesperson is

A) Violating the law because the salesperson is not a broker and cannot advertise.
B) Not violating the law because the salesperson has all the rights of a non-salesperson owner.
C) Not violating the law because the broker-salesperson distinction does not apply to commercial properties.
D) Violating the law because a salesperson may not sell an income-producing property.

Solutions: