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

2. What type of relationship does NOT require confidentiality?

A) Facilitator
B) Dual agency
C) Buyer agency
D) Seller agency

3. A broker has a single agency relationship with the seller. Any required property condition disclosure would be completed by the

A) seller.
B) listing agent on behalf of seller.
C) listing agent on behalf of broker.
D) broker.

4. When real estate brokers and salespersons engage in renting residential dwelling units, they must provide a prospective tenant with written notice of the

A) Amount of fee, if any, that the prospective tenant will have to pay for the broker's services.
B) Presence of any sex offenders living in the neighborhood.
C) Name and address of the landlord.
D) Amount of the rent.

5. A licensee must provide disclosure of licensed status when acting as a principal if

A) the licensee has any economic interest in the property.
B) the agent of the other party asks about this specifically.
C) the licensee does not have errors and omission insurance.
D) any relative of the licensee has ever lived in the residence.

Solutions: