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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. An offer of $569,000 is verbally accepted by a seller. Two hours later an offer of $589,000 is presented to the seller, which the seller accepts in writing. Based on the above situation the first buyer is

A) Not entitled to purchase the property.
B) Entitled to an additional offer.
C) Entitled to purchase the property.
D) Not entitled to the status as a backup offer.

3. Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?

A) Because the lender has primary responsibility to provide these forms, the broker and licensees should be aware of the items required for the lender to comply.
B) Because the listing broker will be primarily responsible for completing the Loan Estimate to send to the lender, the broker should train associated licensees to collect all the necessary information in a timely fashion.
C) The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.
D) The buyer's broker can provide samples so that when the licensee and the borrower prepare the forms they are following a good example.

4. Which of the following best completes the following metes and bounds description? "Beginning at the intersection of Bunker Hill Road and Munson Avenue, thence 150 feet south; thence 85 feet west; thence 150 feet north; thence"

A) 85 feet east to the Point of Beginning.
B) 150 feet west to the Point of Beginning.
C) 150 feet south to the Point of Beginning.
D) 85 feet west to the Point of Beginning.

5. Multi-ethnic families were beginning to move into a neighborhood that had previously been all one ethnicity.
A local broker passed out flyers to homeowners that said, "Sell now before it's too late! We have beautiful new homes with attractive financing and good schools." These flyers would likely be viewed by the courts as

A) good marketing.
B) blockbusting.
C) steering.
D) redlining.

Solutions: