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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A married couple owns property as tenants by the entirety. If they were to divorce, their ownership would be

A) Tenancy by the entirety.
B) Joint tenancy.
C) Tenancy in severalty.
D) Tenancy in common.

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) exclusive right to sell
D) nonexclusive right-to-lease

3. The purpose of Regulation Z is to

A) regulate interest charges.
B) inform the borrower of credit costs.
C) control the use of credit.
D) set maximum interest charges.

4. A licensee lists a property and discovers that the property is too far away to market effectively. The licensee's firm retains the listing, but does not advertise or show it. Which of the following has been violated?

A) statute of frauds
B) Consumer Protection Act
C) fiduciary responsibility
D) seller disclosure laws

5. If owners ask a broker not to show a property to recipients of government assistance, the broker must

A) Inform the Massachusetts Commission Against Discrimination.
B) Refuse the listing.
C) Inform the Board of Registration.
D) Accept the listing.

Solutions: