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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?

A) All three of the offers
B) The offer with the highest sale price
C) The first offer received
D) The offer most favorable to the seller, including price and all terms

2. A seller informs the listing broker that the wind chime on the back door is broken and the roof leaks when it rains. The listing broker is required to disclose

A) Nothing.
B) The wind chime.
C) Both the wind chime and the leaky roof.
D) The leaky roof.

3. Which of the following is true of a quitclaim deed?

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

4. The heir to a large estate will be of legal age within 30 days. The heir lists for sale with a broker one of the properties held by the estate. The broker knows of a buyer for the property and sells it within 24 hours of listing, with closing to be in 45 days. Both listing and sale contracts are

A) voidable.
B) executed.
C) fulfilled.
D) executory.

5. Which of the following types of agreements applies when the seller retains the right to sell?

A) Exclusive Agency Listing
B) Exclusive Right to Sell Listing
C) MLS Listing
D) Net Listing

Solutions: