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:

Question 1

Before it was recognized as a health hazard, asbestos was commonly used as insulation in residential and commercial construction because it is

A. an air purifier.
B. fire resistant.
C. repellent to common pests.
D. water resistant.

Question 2

A broker has listed a property for $225,000. An offer of $210,000 contingent upon inspection comes in the first week and the seller accepts it. Another offer of $205,000 comes in the second week. The seller accepts it as a secondary offer contingent upon the termination of the first offer. The first offeror demands the seller spend $5,000 in repairs before going through with the purchase. The seller may do any of the following EXCEPT

A. ignore the demand and sell the property to the second offeror.
B. agree to do the needed repairs and consummate the transaction with the first offeror.
C. terminate the first agreement in writing and sell to the second offeror.
D. refuse to do the repairs and still proceed with the sale in as-is condition.

Question 3

A Massachusetts property owner dies intestate-without a valid will-but leaves legally recognized heirs.
What determines who receives the probate estate?

A. The local planning board
B. Massachusetts intestate succession law
C. The mortgage lender
D. The real estate broker

Question 4

A property owner wants permission to deviate from a zoning ordinance because application of the ordinance to the parcel satisfies the legal requirements for individualized relief. What should the owner seek?

A. Variance
B. Mechanic ' s lien
C. Deed
D. Novation

Question 5

Phillip has a written agreement appointing his brokerage as the buyer ' s agent, but the seller ultimately pays the brokerage ' s compensation at closing. Whom does the brokerage represent?

A. The buyer
B. The seller, because the seller paid
C. Neither party
D. Both parties automatically

Solutions: