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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. If a lender has granted a VA-guaranteed loan to a veteran, the veteran

A) cannot apply for another VA loan in the veteran's lifetime.
B) makes the down payment directly to the VA.
C) cannot prepay any of the principal amount of the loan.
D) may sell the property to another veteran who assumes the loan.

2. A prospective tenant wishes to rent an apartment and is told by the owner that the owner does not want to rent to anyone with children because of the lead paint. The prospective tenant, who has children ages four, six, and nine years old, is not concerned about lead paint and wants to rent the apartment for six months. The owner agrees to lease them the unit. Concerning the lead paint, the owner must

A) De-lead or make lead-safe whether the tenant requires it or not.
B) Not de-lead because this is only a six-month lease.
C) Wait to de-lead until the owner has sufficient funds.
D) Write into the lease that the tenant has agreed that de-leading is not necessary.

3. 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) 300
B) 365
C) 200
D) 150

4. On which of the following must the landlord pay interest when collecting first month, last month, and security deposit?

A) Security deposit and last month
B) First month only
C) Only if they are deposited in an interest-bearing account
D) Last month only

5. A buyer is purchasing a 3-acre property and is paying $12,000 per acre. The cooperating fee is 3½% of the sale price. The buyer's agent will receive 55% of the cooperating fee from a broker. How much commission did the buyer's agent receive?

A) $231
B) $693
C) $1,386
D) $1,260

Solutions: