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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. An appraisal made by a certified appraiser is required

A) before real property can transfer from one owner to another.
B) when the buyer is using an FHA loan to purchase.
C) before any property settlement in a divorce.
D) when heirs receive property.

2. A buyer files a complaint against a licensee with the Massachusetts Commission Against Discrimination (MCAD). MCAD denies the complaint because the buyer filed it too long after the discriminatory incident occurred. Within how many days after the alleged incident must a complaint be filed to be considered?

A) 200
B) 150
C) 300
D) 365

3. A broker has listed a property for $225,000. An offer of $210,000 contingent upon inspection comes in the first week and the seller accepts it. Another offer of $205,000 comes in the second week. The seller accepts it as a secondary offer contingent upon the termination of the first offer. The first offeror demands the seller spend $5,000 in repairs before going through with the purchase. The seller may do any of the following EXCEPT

A) refuse to do the repairs and still proceed with the sale in as-is condition.
B) terminate the first agreement in writing and sell to the second offeror.
C) agree to do the needed repairs and consummate the transaction with the first offeror.
D) ignore the demand and sell the property to the second offeror.

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

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

5. A broker lists a property abutting a pond. A potential buyer is interested in the property but plans to build an addition onto a boathouse. The buyer will need

A) Approval from the local conservation commission.
B) A letter of interim control.
C) Approval from the State Sanitary Commission.
D) A certificate of compliance.

Solutions: