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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. The Massachusetts Consumer Protection Act requires that

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

2. A buyer receives a seller's property condition disclosure in which the buyer's agent believes the seller has misrepresented the condition of the property. The buyer's agent should

A) recommend that the buyer withdraw from the transaction.
B) remain silent as the agent does not know for certain that the seller has misrepresented the property.
C) point out this concern to the buyer and recommend further inspection or investigation before proceeding.
D) call the listing agent and express this concern.

3. A broker lists a property abutting a pond. A potential buyer is interested in the property but plans to build an addition onto a boathouse. The buyer will need

A) Approval from the State Sanitary Commission.
B) A certificate of compliance.
C) A letter of interim control.
D) Approval from the local conservation commission.

4. When lending standards are tightened, lenders typically require

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

5. According to the Massachusetts Fair Housing Law, it is unlawful to ask prospective tenants questions about their

A) Place of birth.
B) Income.
C) Criminal history.
D) Occupation.

Solutions: