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Real Estate Massachusetts Real Estate Salesperson Sample Questions:
1. While inspecting a tenant-occupied property, the buyer was told by the seller that the microwave oven would be included in the sale price. Upon possession, the buyer learned that the microwave oven belonged to the tenant and not the seller. Is the buyer entitled to the microwave oven?
A) No, because the microwave was the real property of the tenant.
B) No, because the seller did not have the right to include the microwave in the sale.
C) Yes, because the buyer's offer to purchase included all real property.
D) Yes, because all oral contracts for the sale of real property are enforceable.
2. Which of the following statements about the leasing of apartments in Massachusetts is correct?
A) Leases terminate when the property is sold.
B) Tenancies at will are enforceable under the law.
C) Interest on security deposits begins after the first year of tenancy.
D) Death of the landlord terminates residential leases.
3. A buyer is considering a property in one of the subdivisions of a Planned Unit Development (PUD). The buyer noticed nearby properties having detached garages and workshops. The buyer mentions to their agent that they want to build a detached building on the back of the lot for a home business. There is an HOA for this subdivision. Additionally, there are overarching covenants, conditions, and restrictions (CC&Rs) for the PUD. What actions, if any, should be taken by the broker to assure the buyer can use the property as they wish?
A) Take no action because other properties have detached buildings.
B) Recommend the buyer obtain the current CC&Rs and all current HOA documents.
C) Determine if home business use is allowed in the subdivision.
D) Recommend the buyer determine if architectural review requirements exist for the subdivision.
4. A broker lists a property for ninety days. A buyer stops at the owner's residence and makes an offer for the property, which the owner accepts. The broker has no knowledge of the sales agreement between the buyer and the owner. The broker is entitled to a commission from the sale if the agreement the broker had with the owner was a(n)
A) Exclusive agency listing.
B) Exclusive right-to-sell listing.
C) Net listing.
D) Open listing.
5. An appraisal made by a certified appraiser is required
A) before real property can transfer from one owner to another.
B) before any property settlement in a divorce.
C) when the buyer is using an FHA loan to purchase.
D) when heirs receive property.
Solutions:
Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: C |