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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. An example of modular construction is

A) prefabricated housing.
B) an apartment building.
C) a home used as a model.
D) a log cabin.

2. The broker has a single agency relationship with the seller. The broker will show the property to a buyer who is a customer. The broker must disclose that the

A) seller needs to move soon.
B) home has a leaky roof in heavy rains.
C) home has a lake view.
D) seller does not like the next door neighbor.

3. A 2-year lease on a property has expired. The owner permits the tenant to remain in the house while a new lease is being negotiated. Which of the following types of interest does the tenant now have?

A) tenancy in common
B) tenancy from year to year
C) tenancy at will
D) tenancy at sufferance

4. An escrow or trust account is often held by a lender to pay

A) interest on a loan.
B) the bank's outstanding invoices.
C) property taxes and insurance payments.
D) mortgage payments.

5. In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. The broker has what type of agency relationship with the parties?

A) seller agency, buyer sub-agency
B) dual agency
C) no agency relationship; in this situation the broker becomes a facilitator only
D) seller agency, no agency relationship with buyer

Solutions: