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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Disclosure of licensee relationships to prospective buyers and sellers is required

A) When responding to a telephone or internet inquiry.
B) At the first personal meeting to discuss a specific single-family property.
C) When listing commercial properties.
D) When discussing any real estate issue.

2. If a deed creating a tenancy in common does NOT state the fractional interest of each co-owner, it

A) becomes a joint tenancy.
B) must be determined by a majority vote of the tenants.
C) is void.
D) is presumed each owner has an equal interest.

3. An example of modular construction is

A) prefabricated housing.
B) an apartment building.
C) a log cabin.
D) a home used as a model.

4. Standard title insurance would protect a buyer

A) for the purchase of a property bought sight unseen where the buyer discovers a tenant living at the property.
B) when the seller has forged an ex-partner's signature on the deed.
C) in a purchase where the buyer had knowledge of a shed violating setback requirements.
D) if after closing, the HOA placed a lien on the property for the previous owner's unpaid dues.

5. The purpose of Regulation Z is to

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

Solutions: