MA Real Estate License - State Exam Questions and Answers
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Course
REAL ESTATE LICENSE
Institution
REAL ESTATE LICENSE
A licensed RE broker finds a ready, willing and able buyer for the seller. The seller initial signs and accepts the buyer's written offer, then later changes his mind and withdraws the acceptance of the offer. In this scenario, the broker is... still entitled to collect a commission.
After the ini...
MA Real Estate License - State Exam
Questions and Answers Already Passed
A licensed RE broker finds a ready, willing and able buyer for the seller. The seller initial signs
and accepts the buyer's written offer, then later changes his mind and withdraws the acceptance
of the offer. In this scenario, the broker is... ✔✔still entitled to collect a commission.
After the initial listing agreement btw. a seller & broker has expired, the seller lists the property
w/ a different broker. If the original listing broker then finds a ready, willing and able buyer, the
broker is... ✔✔unable to disclose any offers the seller received while he was the listing broker
for the property.
A potential buyer approaches a RE agent expressing interest in property. Before the agent enters
into an agency relationship, he/she is able to provide all of the following services except...
✔✔tell the buyer how much they should offer on a property.
In order for a buyer-brokerage contract to be enforceable in the state of MA, the agreement
must... ✔✔be in writing.
, The only time a broker can receive a commission from both the buyer and seller in a dual agency
situation is if... ✔✔both the buyer and seller agree to pay the dual compensation.
Define "Dual Agency"... ✔✔Representing both parties in a transaction. This is illegal unless both
parties agree to it.
A buyer drives by a property listed by ABC Realty and is interested but not in an agency
relationship. An agent from XYZ Realty can show the buyer the property only if... ✔✔ABC
Realty can obtain the seller's written consent to subagency, and the buyer is given an Agency
Disclosure form stating ABC Realty represents the seller.
For a licensed broker to list a home for sale in MA, is it required they provide a Property
Condition Statement? ✔✔No
In MA, if a seller decides to provide a Property Condition Statement, they... ✔✔must disclose
any and all facts and defects they know about.
A seller provides a Property Condition Disclosure. If unaware, what should the seller's response
be as to whether they have any knowledge of pluming system problems? ✔✔"no"...
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