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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A seller has entered into an exclusive right to sell agreement with a broker. The buyer presents the seller with an offer to purchase which is 20% less than the list price. Which of the following is appropriate?

A) The seller is obligated to pay the buyer a commission or the offer price if the seller rejects the offer.
B) The seller is under no obligation to accept the offer or make a counteroffer.
C) The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.
D) The seller has 72 hours to submit a counteroffer or else the offer is considered to be accepted.

2. What type of relationship does NOT require confidentiality?

A) Facilitator
B) Seller agency
C) Buyer agency
D) Dual agency

3. A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A) exclusive agency representation
B) nonexclusive right-to-lease
C) nonexclusive buyer-agency
D) exclusive right to sell

4. Which of the following groups are protected under the Massachusetts Fair Housing Laws?

A) Sex offenders
B) Smokers
C) Students
D) Public assistance recipients

5. To avoid triggering full disclosure under TILA when advertising financing availability on a listed property, which of the following statements must a real estate licensee avoid using?

A) buy for less than $650 per month
B) owner willing to finance
C) assumable loan
D) FHA and VA financing available

Solutions: