Real Estate Massachusetts-Real-Estate-Salesperson : Massachusetts Real Estate Salesperson Exam

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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question #1
A buyer makes an offer on a property and asks the Seller ' s broker to recommend a good home inspector. The Seller ' s broker may

A. Provide the complete list of home inspectors prepared by the Commonwealth of Massachusetts.
B. Provide a list of no fewer than 20 licensed home inspectors in the county where the property is located.
C. Recommend a specific home inspector.
D. Provide business cards of local home inspectors.

Question #2
Under the Equal Credit Opportunity Act, a mortgage lender may not deny an otherwise qualifying applicant merely because the applicant is:

A. Unable to meet the lender ' s credit standards
B. Carrying excessive debt relative to income
C. Unmarried
D. Unable to document income

Question #3
The commission rate included in a listing contract is determined by

A. state statute.
B. local custom.
C. national trade organizations.
D. negotiation.

Question #4
Which estate represents the broadest and most complete form of private real-property ownership among the choices?

A. Fee simple defeasible
B. Estate for years
C. Estate pur autre vie
D. Fee simple absolute/indefeasible

Question #5
A farmer openly uses and cultivates a portion of a neighbor ' s land without permission continuously for 20 years. Under Massachusetts law, which doctrine could potentially allow the farmer to acquire title to that land?

A. Prescription by lease
B. Adverse possession
C. Easement by necessity
D. Escheat

Solutions: