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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

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

2. The commission rate included in a listing contract is determined by

A) national trade organizations.
B) state statute.
C) local custom.
D) negotiation.

3. A buyer is considering a property in one of the subdivisions of a Planned Unit Development (PUD). The buyer noticed nearby properties having detached garages and workshops. The buyer mentions to their agent that they want to build a detached building on the back of the lot for a home business. There is an HOA for this subdivision. Additionally, there are overarching covenants, conditions, and restrictions (CC&Rs) for the PUD. What actions, if any, should be taken by the broker to assure the buyer can use the property as they wish?

A) Determine if home business use is allowed in the subdivision.
B) Recommend the buyer determine if architectural review requirements exist for the subdivision.
C) Take no action because other properties have detached buildings.
D) Recommend the buyer obtain the current CC&Rs and all current HOA documents.

4. Prospective buyers for a house want to operate a recycling center in their backyard. Local zoning laws do not allow this. What do they need to do first?

A) Obtain a building permit.
B) Obtain a variance or special exception.
C) File an appeal with the local court.
D) Obtain a modification to the local master plan.

5. Which of the following is true about a competitive market analysis?

A) It is employed for insurance purposes.
B) It is useful to the buyer as well as to the seller.
C) It is used to establish depreciable value.
D) It is usually based on local tax assessment.

Solutions: