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Real Estate Massachusetts Real Estate Salesperson Sample Questions:
1. A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two- car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck.
The ranch house is most likely to sell for around
A) $147,500
B) $123,500
C) $148,500
D) $128,500
2. Broker N has five affiliated salespersons. On Monday at 10:00 a.m., Salesperson J submitted an offer to purchase from a prospective buyer. The offer price was $300,000. An hour later, Salesperson R submitted an offer of $296,000. However, Broker N held the second offer until the seller rejected the first offer. Broker N's conduct in this situation is
A) Permissible as long as both salespeople share a commission on either of the offers accepted by the seller.
B) Not permissible because a broker must inform all potential buyers of existing offers.
C) Not permissible because a broker must present all offers to the principal forthwith.
D) Permissible as long as both salespeople knew of Broker N's action.
3. To avoid triggering full disclosure under TILA when advertising financing availability on a listed property, which of the following statements must a real estate licensee avoid using?
A) buy for less than $650 per month
B) owner willing to finance
C) assumable loan
D) FHA and VA financing available
4. 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) Yes, because both the seller and buyer offered to enter into a contract.
C) No, because contractual obligations must be in writing and notarized.
D) No, because the seller has not accepted the offer.
5. A landlord may require that a disabled tenant
A) not install grab bars in the tile shower if drilling holes in the tile is required.
B) pay an additional fee for using the swimming pool to cover the added insurance cost.
C) remove the wheelchair ramp from the apartment upon vacating the unit.
D) pay double the usual $500 security deposit.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |



