Real Estate Massachusetts-Real-Estate-Salesperson Q&A - in .pdf

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  • Exam Code: Massachusetts-Real-Estate-Salesperson
  • Exam Name: Massachusetts Real Estate Salesperson Exam
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  • Q & A: 139 Questions and Answers
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Massachusetts-Real-Estate-Salesperson Practice Dumps

Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
SectionObjectives
National Real Estate Principles & Practices- Agency Principles
  • 1. Disclosure requirements
    • 2. Fiduciary duties
      - Financing
      • 1. Mortgage types
        • 2. Loan origination process
          - Valuation and Market Analysis
          • 1. Comparative market analysis
            • 2. Appraisal principles
              - Contracts
              • 1. Purchase and sale agreements
                • 2. Listing agreements
                  - Property Ownership
                  • 1. Land use and regulations
                    • 2. Types of ownership (fee simple, leasehold)
                      - Land Use Controls & Regulations
                      • 1. Environmental regulations
                        • 2. Zoning laws
                          Massachusetts State-Specific Real Estate Law- Real Estate Practices in Massachusetts
                          • 1. Transaction procedures
                            • 2. Escrow and trust accounts
                              - Fair Housing and Anti-Discrimination Laws
                              • 1. Massachusetts fair housing rules
                                • 2. Federal Fair Housing Act
                                  - State Licensing Laws
                                  • 1. License law and regulations
                                    • 2. Broker and salesperson requirements
                                      Real Estate Massachusetts Real Estate Salesperson Sample Questions:

                                      Question 1

                                      Which type of deed provides the purchaser of real estate the greatest protection?

                                      A. quitclaim deed
                                      B. trustee's deed
                                      C. general warranty deed
                                      D. deed in trust


                                      Question 2

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


                                      Question 3

                                      Two top licensees in a small town have agreed not to show listings of a new real estate firm charging a low commission rate to sellers. This behavior is a violation of the

                                      A. Sherman Antitrust Act.
                                      B. Equal Credit Opportunity Act.
                                      C. federal fair housing laws.
                                      D. Blue-Sky laws.


                                      Question 4

                                      What type of loan would allow homeowners to utilize the equity built up in their home without having to sell?

                                      A. reverse mortgage
                                      B. sale-and-leaseback
                                      C. graduated payment
                                      D. accelerated mortgage


                                      Question 5

                                      The Massachusetts Consumer Protection Act requires that

                                      A. The seller's information be kept confidential.
                                      B. The broker disclose known material defects.
                                      C. The buyer be informed of all offers.
                                      D. The seller disclose all offers received.


                                      Solutions:

                                      Question 1
                                      Answer: C
                                      Question 2
                                      Answer: A
                                      Question 3
                                      Answer: A
                                      Question 4
                                      Answer: A
                                      Question 5
                                      Answer: B

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