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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Massachusetts Real Estate Law | 33% | - Massachusetts License Law
|
| Topic 2: General Real Estate Knowledge | 67% | - Valuation and Market Analysis
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
Mary submits a valid offer to purchase Mark ' s property. Mark signs the offer indicating unconditional acceptance of its terms and communicates that acceptance. Which essential contract element is most directly demonstrated?
- A. Recordation
- B. Mutual assent
- C. Performance
- D. Offer only
Correct Answer: B 🗳️
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Deposit money received by a salesperson must be turned over to the salesperson ' s broker
- A. At the date specified in the offer to purchase.
- B. Immediately.
- C. At the signing of the purchase and sale agreement.
- D. Within three days.
Correct Answer: B 🗳️
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A seller wants to net $362,000 after paying a 6% brokerage commission. Ignoring all other expenses, what minimum sale price is required?
- A. $385,106
- B. $362,000
- C. $395,000
- D. $383,720
Correct Answer: A 🗳️
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Shelly employs Janice, who does not hold a Massachusetts real estate license. Janice telephones homeowners to solicit potential listings and is paid $100 for every owner who becomes a brokerage lead. Which statement is correct?
- A. This is permitted because Janice does not attend the closing
- B. It is permitted if Janice never enters the listed properties
- C. The arrangement violates licensing requirements because Janice is being compensated for prospecting activity requiring a license
- D. It is permitted if every call lasts less than five minutes
Correct Answer: C 🗳️
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The Massachusetts Consumer Protection Act requires that
- A. The seller ' s information be kept confidential.
- B. The buyer be informed of all offers.
- C. The broker disclose known material defects.
- D. The seller disclose all offers received.
Correct Answer: C 🗳️
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