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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
| Massachusetts Real Estate Law | 33% | - Massachusetts Real Estate Practices
- 1. Advertising Rules
- 2. Escrow Requirements
- 3. Agency Disclosure
- Massachusetts License Law
- 1. Consumer Protection
- 2. Board Regulations
- 3. Disciplinary Actions
- Licensing Requirements
- 1. Salesperson Licensing Rules
- 2. License Renewal
- 3. Continuing Education
|
| General Real Estate Knowledge | 67% | - Financing
- 1. Loan Qualification
- 2. Financing Instruments
- 3. Mortgage Types
- Contracts
- 1. Contract Law
- 2. Purchase Agreements
- 3. Leases
- Real Estate Practice
- 1. Transfer of Title
- 2. Listings
- 3. Settlement Procedures
- Laws of Agency
- 1. Agency Relationships
- 2. Disclosure Requirements
- 3. Duties of Agents
- Property Ownership
- 1. Types of Ownership
- 2. Land Characteristics
- 3. Property Rights
- Valuation and Market Analysis
- 1. Appraisal Principles
- 2. Comparative Market Analysis
- 3. Market Value
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
1. The Massachusetts Consumer Protection Act requires that
A) The broker disclose known material defects.
B) The seller's information be kept confidential.
C) The buyer be informed of all offers.
D) The seller disclose all offers received.
2. Before it was recognized as a health hazard, asbestos was commonly used as insulation in residential and commercial construction because it is
A) an air purifier.
B) water resistant.
C) fire resistant.
D) repellent to common pests.
3. An example of modular construction is
A) a log cabin.
B) prefabricated housing.
C) an apartment building.
D) a home used as a model.
4. 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) Wait to de-lead until the owner has sufficient funds.
B) Not de-lead because this is only a six-month lease.
C) Write into the lease that the tenant has agreed that de-leading is not necessary.
D) De-lead or make lead-safe whether the tenant requires it or not.
5. 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) Net listing.
B) Open listing.
C) Exclusive agency listing.
D) Exclusive right-to-sell listing.
Solutions:
Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |