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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A licensee listed a property that had an unfinished garage. The licensee received an offer subject to the garage being finished. Was a contractual obligation created?

A) Yes, because a definite and certain offer was made by the buyer.
B) No, because the seller has not accepted the offer.
C) No, because contractual obligations must be in writing and notarized.
D) Yes, because both the seller and buyer offered to enter into a contract.

2. The broker has a single agency relationship with the seller. The broker will show the property to a buyer who is a customer. The broker must disclose that the

A) home has a leaky roof in heavy rains.
B) seller does not like the next door neighbor.
C) home has a lake view.
D) seller needs to move soon.

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

4. Deposit money received by a salesperson must be turned over to the salesperson's broker

A) Immediately.
B) At the date specified in the offer to purchase.
C) At the signing of the purchase and sale agreement.
D) Within three days.

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

Solutions: