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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Which of the following activities may result in a fine from the Massachusetts Commission Against Discrimination (MCAD) against a licensee?

A) Acting in the dual capacity of broker and undisclosed principal in the same transaction
B) Knowingly making any substantial misrepresentation
C) Blockbusting
D) Failing to give both the buyer and the seller a copy of the purchase and sales agreement

2. A salesperson owns an apartment complex in Boston. The salesperson has decided to advertise the property for sale in a local newspaper and personally sell it. If the salesperson proceeds in this manner, the salesperson is

A) Not violating the law because the broker-salesperson distinction does not apply to commercial properties.
B) Violating the law because a salesperson may not sell an income-producing property.
C) Violating the law because the salesperson is not a broker and cannot advertise.
D) Not violating the law because the salesperson has all the rights of a non-salesperson owner.

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

4. A property manager has successfully negotiated the lease of a home built in 1965 to tenants who have no children. Regarding disclosure of lead-based paint, the property manager should

A) have the tenants sign the disclosure form and provide them with the required booklet.
B) have all the lead-based paint covered or removed by licensed mitigators.
C) give the tenants 10 days to test the home and provide them with the required booklet.
D) do nothing, as regulations only apply when children are present.

5. Which of the following is used in the cost approach when estimating the value of improvements?

A) The price per square foot of comparable properties.
B) How much it would cost to build a similar building at today's cost.
C) The assessed value of the property including the land.
D) Location, available financing, and depreciation.

Solutions: