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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. What kind of lease would require the lessee to pay the taxes, insurance, repairs, and other operating expenses of the premises in addition to the regular rental payment?

A) net lease
B) gross lease
C) percentage lease
D) graduated lease

2. Which type of deed provides the purchaser of real estate the greatest protection?

A) trustee's deed
B) deed in trust
C) general warranty deed
D) quitclaim deed

3. 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.

4. A seller wants $120,000 for a home and still owes $20,000 of the original loan at 7% interest. The current interest rate is 12%. A buyer can pay $60,000 down and wants to carry a mortgage that includes the seller's
$20,000 existing mortgage and the remaining $40,000 for a total of $60,000 at an interest rate of 10%. What kind of mortgage loan is this?

A) blanket
B) equity
C) buydown
D) wraparound

5. A prospective tenant wishes to rent an apartment and is told by the owner that the owner does not want to rent to anyone with children because of the lead paint. The prospective tenant, who has children ages four, six, and nine years old, is not concerned about lead paint and wants to rent the apartment for six months. The owner agrees to lease them the unit. Concerning the lead paint, the owner must

A) Write into the lease that the tenant has agreed that de-leading is not necessary.
B) Not de-lead because this is only a six-month lease.
C) Wait to de-lead until the owner has sufficient funds.
D) De-lead or make lead-safe whether the tenant requires it or not.

Solutions: