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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A landlord may require that a disabled tenant

A) remove the wheelchair ramp from the apartment upon vacating the unit.
B) not install grab bars in the tile shower if drilling holes in the tile is required.
C) pay an additional fee for using the swimming pool to cover the added insurance cost.
D) pay double the usual $500 security deposit.

2. The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present

A) the highest offer to the seller.
B) all offers to the seller.
C) only cash offers to the seller.
D) the highest cash offer to the seller.

3. A broker maintains a trust or escrow account. A $10,000 earnest money deposit is received from a buyer and deposited in the account. Several weeks later and prior to closing, the broker withdraws $7,000 from the account and puts it in an operating account. This transaction is

A) a violation of federal banking regulations.
B) permissible if the seller was informed about the transfer of funds.
C) an instance of illegal conversion of funds.
D) permissible as long as the broker is entitled to at least $7,000 in commission.

4. What kind of lease would require the lessee to pay the taxes, insurance, repairs, and other operating expenses of the premises in addition to the regular rental payment?

A) graduated lease
B) gross lease
C) net lease
D) percentage lease

5. Which of the following are potential remedies for violating Massachusetts General Laws Chapter 93A?

A) Double or triple damages, attorney's fees and court costs
B) 1 year probation
C) Fine of not more than $11,000
D) Imprisonment

Solutions: