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Real Estate Massachusetts Real Estate Salesperson Sample Questions:
1. To be legally binding, a listing agreement can be signed for the owner by the
A) owner's heirs apparent.
B) trust beneficiary acting under a valid trust.
C) broker, upon telephone instructions from the owner.
D) attorney-in-fact.
2. Which of the following is among the typical responsibilities of a residential property manager?
A) requesting that the tenant's employer withhold the past due rent from wages
B) negotiating leases between the property owner and potential tenants
C) making decisions about structural changes that will enhance the property value
D) selecting tenants to provide a diverse environment
3. A building was purchased for $350,000 with a 20% down payment. If the lender charged the buyer three discount points, how much will the buyer need to close?
A) $360,500
B) $80,500
C) $61,600
D) $78,400
4. A couple enters into a purchase contract to buy a house, and their parents are providing a $5,000 earnest money check. The check is deposited in the listing broker's escrow account. The buyers are unable to get financing, and the contract provides for return of the earnest money to the buyers. The buyers and seller agree in writing to the release of the earnest money. The listing broker should
A) return the earnest money check, minus expenses, to the buyers.
B) return the earnest money check, minus expenses, to the parents.
C) issue a $5,000 check to the buyers.
D) issue a $5,000 check to the parents.
5. An appraisal made by a certified appraiser is required
A) before any property settlement in a divorce.
B) when heirs receive property.
C) when the buyer is using an FHA loan to purchase.
D) before real property can transfer from one owner to another.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: C |
By Harry
