Massachusetts State Exam Questions & ANSWERS 2024 LATEST UPDATE
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Course
Massachusetts real Estate
Institution
Massachusetts Real Estate
Leslie is selling her house and has no knowledge of any plumbing problems. However, the plumbing stack is seriously corroded and will require replacement soon. In the seller property condition disclosure, how should Leslie respond when asked whether she has any knowledge of plumbing system problems...
Massachusetts State Exam Questions &
ANSWERS 2024 LATEST UPDATE
Leslie is selling her house and has no knowledge of any plumbing problems. However, the plumbing
stack is seriously corroded and will require replacement soon. In the seller property condition disclosure,
how should Leslie respond when asked whether she has any knowledge of plumbing system problems? -
ANSWER No
Members of the Board of Registration of Real Estate Brokers and Salespersons are selected by which of
the following? - ANSWER the governor
To whom does the responsibility belong for the preparation of promissory notices involved in a closing? -
ANSWER lender
Nelson is a broker who has a listing agreement with a seller. The buyer's broker has learned about the
property through the MLS. When should the cooperating broker identify his representation to Nelson? -
ANSWER Prior to the showing
Howard contacts a real estate office and indicates an interest in buying a home in the community. Sue is
a salesperson at the agency who meets with Howard during his visit. Which of the following actions
should NOT be taken by Sue? - ANSWER She may advise Howard on how much to offer for a home in the
area.
Which of the following persons must have a real estate broker's license in order to transact business? -
ANSWER A person who negotiates the sales of entire businesses, including stock equipment and
buildings, for a promised fee.
Which of the following conditions must be met in order for a partnership, association, or corporation to
be granted a license in Massachusetts? - ANSWER if a designated officer or partner has been issued a
broker's license
, A Massachusetts home owner knows the house contains lead paint but her children have never been
shown to have elevated blood lead levels. Must the property owner take any further action? - ANSWER
yes, she must abate defective lead paint
Peter, a licensed broker, finds a buyer for his seller-principal, the Noonans. After accepting the buyer's
offer in writing, the Noonans change their minds and withdraw their acceptance. Which of the following
is Peter's recourse? - ANSWER Peter is entitled to collect a commission.
What is the penalty for an unlicensed person who engages in activities that require a real estate license?
- ANSWER fine not to exceed $500
When a broker is listing a home in Massachusetts and asks the seller to complete a property condition
disclosure, which of the following statements is true? - ANSWER The disclosure is optional
Which of the following is NOT necessary in order for a broker to be entitled to a commission? - ANSWER
a signed listing agreement
Three weeks before she begins her real estate pre-license class, Leslie agrees to help her neighbor sell
her house. The neighbor agrees to pay 3% commission. An offer is accepted while Leslie is taking the
class and the sale closes the day before Leslie passes the exam and receives her salesperson's license.
The neighbor refuses to pay the commission. Can Leslie sue to recover payment? - ANSWER No, because
Leslie was not a licensed broker when they made the agreement
Unlicensed real estate assistants may perform many duties in Massachusetts. Which of the following
would require the assistant to hold a real estate license? - ANSWER explaining simple contract
documents to prospective buyers
If Doug and John own a house as joint tenants and Doug leaves his interest to his son Bob and John dies
and will's his interest to his daughter... what type of tenancy do the daughter and bob have? - ANSWER
Tenancy in Common
Ryan is a broker who has listed a small office building which is in excellent condition and produces steady
income. His salesperson Tom would like to purchase it as an investment. Which of the following actions
is necessary in order for Tom to buy this property? - ANSWER Tom must inform the owner in writing that
he is a licensed salesperson before he makes an offer
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