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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A home warranty for a previously owned home would usually cover which of the following items?

A) only home systems such as the roof, plumbing, and foundation
B) structure or flooding issues after closing
C) major appliances and home systems such as electric, heating, and plumbing
D) major appliances, the buyer's personal property, and any seller added fixtures

2. The heir to a large estate will be of legal age within 30 days. The heir lists for sale with a broker one of the properties held by the estate. The broker knows of a buyer for the property and sells it within 24 hours of listing, with closing to be in 45 days. Both listing and sale contracts are

A) fulfilled.
B) executed.
C) voidable.
D) executory.

3. When a licensee is hired to find a tenant for a summer vacation home on Cape Cod built in 1950, for a period of two weeks,

A) An unlicensed assistant may handle the transaction.
B) The Massachusetts Lead Law is not applicable.
C) There is no limit on the amount of the security deposit.
D) The Massachusetts Fair Housing Law does not apply.

4. A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker's right to be compensated and to work with other clients, this means that during the term of this agreement, the broker

A) must be compensated by the seller.
B) is entitled to compensation even if the buyer purchases a property that they locate.
C) may not show a property to other buyers until the buyer decides if they want to make an offer.
D) is only due compensation if the buyer purchases one of the broker's listings.

5. A property manager has successfully negotiated the lease of a home built in 1965 to tenants who have no children. Regarding disclosure of lead-based paint, the property manager should

A) give the tenants 10 days to test the home and provide them with the required booklet.
B) have the tenants sign the disclosure form and provide them with the required booklet.
C) do nothing, as regulations only apply when children are present.
D) have all the lead-based paint covered or removed by licensed mitigators.

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