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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

Captain Hook threatens Wendy with physical harm unless she signs an agreement to sell her house. The agreed purchase price is otherwise reasonable. What is the legal status of the agreement?

A. Voidable by Wendy because her consent resulted from duress
B. Automatically valid once signed
C. Fully binding because the price is reasonable
D. Invalid only because consideration is missing

Question 2

During an open house, a real estate agent accidentally leaves a faucet running. Water overflows and damages the seller ' s flooring. Which insurance is most likely designed to respond to this type of accidental property damage?

A. Errors and omissions insurance
B. Corporate life insurance
C. General liability insurance
D. Professional-title insurance

Question 3

Which deed generally provides the grantee with the least broad title warranties among common deed classifications?

A. General warranty deed
B. Special warranty deed
C. Statutory warranty deed
D. Quitclaim deed

Question 4

What type of estate or interest does a lease ordinarily create for the tenant?

A. Fee ownership plus possession
B. Freehold interest
C. Non-freehold interest
D. Ownership interest only

Question 5

Real Estate Mortgage Investment Conduits (REMICs) principally hold or invest in:

A. Brokerage offices
B. Pools or portfolios of mortgages secured by real estate
C. Portfolios of physical apartment buildings
D. Individual undeveloped land parcels

Solutions: