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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Quality Supermarkets has taken occupancy of a retail building and has a long-term lease. As part of their fit- up, they bolt to the floor their meat and dairy coolers, shelves, and check-out stands.
When Quality Supermarkets vacates the property at the end of the lease, will Quality Supermarkets be legally entitled to remove these fixtures?

A) Yes, because they are appurtenances.
B) No, because they are bolted to the floor.
C) No, because they are trade fixtures.
D) Yes, if removed prior to the end of the lease.

2. A salesperson owns an apartment complex in Boston. The salesperson has decided to advertise the property for sale in a local newspaper and personally sell it. If the salesperson proceeds in this manner, the salesperson is

A) Not violating the law because the salesperson has all the rights of a non-salesperson owner.
B) Violating the law because the salesperson is not a broker and cannot advertise.
C) Not violating the law because the broker-salesperson distinction does not apply to commercial properties.
D) Violating the law because a salesperson may not sell an income-producing property.

3. A tenant in a building that is being converted to condominiums is required to receive an opportunity to purchase the unit the tenant occupies at terms

A) 15% less than that offered to the general public.
B) At a monthly payment equal to the tenant's current monthly rent.
C) Equal to or better than that offered to the general public.
D) 20% less than that offered to the general public.

4. If a seller defaults in performance of a contract, any of the following actions would be likely to help the buyer recover any losses EXCEPT

A) bringing an action against the seller for payment of compensatory damages.
B) filing a complaint with the Real Estate Commission.
C) suing the seller for specific performance.
D) canceling the contract and recovering the earnest money.

5. A first-year licensee without either a degree in finance, or a strong background in real estate investment should generally refrain from

A) acting as the seller's agent in selling an oceanfront lot to a retiree.
B) representing a first time home buyer.
C) representing an owner who wants to sell raw land to a developer.
D) listing commercial income property.

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