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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

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

2. Deposit money received by a salesperson must be turned over to the salesperson's broker

A) Within three days.
B) Immediately.
C) At the signing of the purchase and sale agreement.
D) At the date specified in the offer to purchase.

3. A broker has a single agency relationship with the seller. Any required property condition disclosure would be completed by the

A) broker.
B) listing agent on behalf of seller.
C) seller.
D) listing agent on behalf of broker.

4. The provisions of the Real Estate License Law apply to which of the following individuals?

A) Salespersons who sell their primary residences
B) A property manager who handles the sale of units within a managed condominium complex
C) A licensed person who for a fee receives a referral from a licensed broker
D) A regular employee of a property owner who conducts lease transactions on the property

5. A buyer and seller agreed upon a selling price for a property and both signed a written agreement. As part of the contract, the buyer reserved the right to cancel the sale if the buyer's house, which was on the market, did not sell within 30 days. This contract is

A) an implied contract.
B) an executory contract.
C) a unilateral contract.
D) an executed contract.

Solutions: