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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: General Real Estate Knowledge67%- Contracts
  • 1. Purchase Agreements
  • 2. Leases
  • 3. Contract Law
- Laws of Agency
  • 1. Agency Relationships
  • 2. Duties of Agents
  • 3. Disclosure Requirements
- Property Ownership
  • 1. Property Rights
  • 2. Land Characteristics
  • 3. Types of Ownership
- Financing
  • 1. Mortgage Types
  • 2. Financing Instruments
  • 3. Loan Qualification
- Valuation and Market Analysis
  • 1. Market Value
  • 2. Appraisal Principles
  • 3. Comparative Market Analysis
- Real Estate Practice
  • 1. Settlement Procedures
  • 2. Listings
  • 3. Transfer of Title
Topic 2: Massachusetts Real Estate Law33%- Massachusetts License Law
  • 1. Disciplinary Actions
  • 2. Board Regulations
  • 3. Consumer Protection
- Massachusetts Real Estate Practices
  • 1. Advertising Rules
  • 2. Agency Disclosure
  • 3. Escrow Requirements
- Licensing Requirements
  • 1. Continuing Education
  • 2. Salesperson Licensing Rules
  • 3. License Renewal

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. What is the difference between a license to use property and an easement?

A) There must be consideration paid for an easement.
B) There must be consideration paid for a license.
C) A license can be cancelled by the issuer.
D) An easement can be cancelled by the issuer.


2. To avoid triggering full disclosure under TILA when advertising financing availability on a listed property, which of the following statements must a real estate licensee avoid using?

A) owner willing to finance
B) buy for less than $650 per month
C) FHA and VA financing available
D) assumable loan


3. When real estate brokers and salespersons engage in renting residential dwelling units, they must provide a prospective tenant with written notice of the

A) Amount of fee, if any, that the prospective tenant will have to pay for the broker's services.
B) Amount of the rent.
C) Presence of any sex offenders living in the neighborhood.
D) Name and address of the landlord.


4. The broker has a single agency relationship with the seller. The broker will show the property to a buyer who is a customer. The broker must disclose that the

A) home has a leaky roof in heavy rains.
B) seller does not like the next door neighbor.
C) home has a lake view.
D) seller needs to move soon.


5. Which of the following is incorrect regarding carbon monoxide inspection?

A) The inspection must be completed by the local fire department.
B) The inspection must be completed as a prerequisite to sell a residential property burning fossil fuel.
C) There is no additional fee if the inspection is done at the same time as the smoke detector inspection.
D) The inspection must be completed by a building inspector.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B
Question # 3
Answer: A
Question # 4
Answer: A
Question # 5
Answer: D

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