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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present

A) the highest offer to the seller.
B) only cash offers to the seller.
C) the highest cash offer to the seller.
D) all offers to the seller.

2. Broker N has five affiliated salespersons. On Monday at 10:00 a.m., Salesperson J submitted an offer to purchase from a prospective buyer. The offer price was $300,000. An hour later, Salesperson R submitted an offer of $296,000. However, Broker N held the second offer until the seller rejected the first offer. Broker N's conduct in this situation is

A) Not permissible because a broker must inform all potential buyers of existing offers.
B) Permissible as long as both salespeople knew of Broker N's action.
C) Permissible as long as both salespeople share a commission on either of the offers accepted by the seller.
D) Not permissible because a broker must present all offers to the principal forthwith.

3. Which of the following are potential remedies for violating Massachusetts General Laws Chapter 93A?

A) Imprisonment
B) Fine of not more than $11,000
C) 1 year probation
D) Double or triple damages, attorney's fees and court costs

4. Which of the following property valuation estimates or reports would have to be prepared by a licensed or certified appraiser?

A) a broker's price opinion
B) a comparative market analysis
C) a value analysis for a non-residential property valued below $250,000
D) a reconciliation report for an FHA loan

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

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

Solutions: