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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A seller informs the listing broker that the wind chime on the back door is broken and the roof leaks when it rains. The listing broker is required to disclose

A) Nothing.
B) Both the wind chime and the leaky roof.
C) The wind chime.
D) The leaky roof.

2. A motel is the subject of an appraisal and it is determined that a rerouting of a county highway has limited customer access to the motel. This is an example of

A) regression.
B) economic obsolescence.
C) functional obsolescence.
D) landlocked property.

3. The common area of a condominium development is owned by

A) its duly elected Board of Directors.
B) all owners as tenants in common.
C) any individuals who pay a prorated share of the taxes and maintenance.
D) those owners who were original owners of the units.

4. 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.

5. A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A) exclusive agency representation
B) nonexclusive right-to-lease
C) nonexclusive buyer-agency
D) exclusive right to sell

Solutions: