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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two- car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck.
The ranch house is most likely to sell for around

A) $147,500
B) $128,500
C) $148,500
D) $123,500

2. Who establishes zoning ordinances?

A) individual states
B) local authorities
C) regional councils
D) the federal government

3. An offer of $569,000 is verbally accepted by a seller. Two hours later an offer of $589,000 is presented to the seller, which the seller accepts in writing. Based on the above situation the first buyer is

A) Not entitled to purchase the property.
B) Not entitled to the status as a backup offer.
C) Entitled to purchase the property.
D) Entitled to an additional offer.

4. What is the difference between a license to use property and an easement?

A) An easement can be cancelled by the issuer.
B) There must be consideration paid for a license.
C) A license can be cancelled by the issuer.
D) There must be consideration paid for an easement.

5. A licensee must provide disclosure of licensed status when acting as a principal if

A) the licensee has any economic interest in the property.
B) the licensee does not have errors and omission insurance.
C) the agent of the other party asks about this specifically.
D) any relative of the licensee has ever lived in the residence.

Solutions: