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

SectionObjectives
Massachusetts State-Specific Real Estate Law- State Licensing Laws
  • 1. License law and regulations
    • 2. Broker and salesperson requirements
      - Fair Housing and Anti-Discrimination Laws
      • 1. Massachusetts fair housing rules
        • 2. Federal Fair Housing Act
          - Real Estate Practices in Massachusetts
          • 1. Escrow and trust accounts
            • 2. Transaction procedures
              National Real Estate Principles & Practices- Property Ownership
              • 1. Types of ownership (fee simple, leasehold)
                • 2. Land use and regulations
                  - Land Use Controls & Regulations
                  • 1. Environmental regulations
                    • 2. Zoning laws
                      - Agency Principles
                      • 1. Fiduciary duties
                        • 2. Disclosure requirements
                          - Contracts
                          • 1. Listing agreements
                            • 2. Purchase and sale agreements
                              - Valuation and Market Analysis
                              • 1. Appraisal principles
                                • 2. Comparative market analysis
                                  - Financing
                                  • 1. Loan origination process
                                    • 2. Mortgage types

                                      Real Estate Massachusetts Real Estate Salesperson Sample Questions:

                                      Which of the following is true of a quitclaim deed?

                                      • A. It can be used to remove a cloud on a title.
                                      • B. It has warranties similar to a special warranty deed.
                                      • C. It cannot be recorded.
                                      • D. It cannot be used to transfer a title held in fee simple.
                                      Answer: A

                                      Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).

                                      Which instrument pledges real property as security for repayment of a debt while allowing the borrower to retain possession?

                                      • A. Bill of sale
                                      • B. Proprietary lease
                                      • C. Mortgage
                                      • D. Listing agreement
                                      Answer: C

                                      Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).

                                      An agreement is inferred from the conduct and actions of the parties rather than being expressly stated orally or in writing. What type of contract is this?

                                      • A. Void contract
                                      • B. Executed contract
                                      • C. Implied contract
                                      • D. Unilateral option
                                      Answer: C

                                      Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).

                                      Midboro Property Management receives 10% of rent actually collected. Monthly scheduled rent is $55,000.
                                      One $1,000-per-month tenant pays only $250, and three other $1,000-per-month tenants pay nothing. What management fee is earned?

                                      • A. $5,200
                                      • B. $5,000
                                      • C. $5,125
                                      • D. $5,500
                                      Answer: C

                                      Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).

                                      A landlord may require that a disabled tenant

                                      • A. pay double the usual $500 security deposit.
                                      • B. remove the wheelchair ramp from the apartment upon vacating the unit.
                                      • C. not install grab bars in the tile shower if drilling holes in the tile is required.
                                      • D. pay an additional fee for using the swimming pool to cover the added insurance cost.
                                      Answer: B

                                      Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).

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