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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

An example of modular construction is

A. prefabricated housing.
B. a home used as a model.
C. an apartment building.
D. a log cabin.

Question 2

An escrow or trust account is often held by a lender to pay

A. property taxes and insurance payments.
B. mortgage payments.
C. interest on a loan.
D. the bank's outstanding invoices.

Question 3

Two licensees work for the same Massachusetts brokerage. One represents the seller and another separately represents the buyer, and each is charged with advocating exclusively for that client ' s interests with the legally required consent. What brokerage model is being used?

A. Undisclosed dual agency
B. Facilitation only
C. Designated agency
D. Subagency

Question 4

The commission rate included in a listing contract is determined by

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

Question 5

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

Solutions: