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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. 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 neighborhood values will increase.
C) The property is not subject to eminent domain.
D) A down payment is not required.

2. Which of the following are potential remedies for violating Massachusetts General Laws Chapter 93A?

A) Imprisonment
B) Fine of not more than $11,000
C) Double or triple damages, attorney's fees and court costs
D) 1 year probation

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

4. A licensee lists a property and discovers that the property is too far away to market effectively. The licensee's firm retains the listing, but does not advertise or show it. Which of the following has been violated?

A) Consumer Protection Act
B) seller disclosure laws
C) fiduciary responsibility
D) statute of frauds

5. The Massachusetts State Sanitary Code requires

A) A stove in good repair in any rental unit.
B) Tenants to pay for their own water and/or sewer costs.
C) The property owner to provide a refrigerator in working order.
D) Separate meters for all heating and electric systems.

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