Real Estate Massachusetts-Real-Estate-Salesperson pass test : Massachusetts Real Estate Salesperson Exam

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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

Standard title insurance would protect a buyer

A. if after closing, the HOA placed a lien on the property for the previous owner's unpaid dues.
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. for the purchase of a property bought sight unseen where the buyer discovers a tenant living at the property.

Question 2

A seller wants to net $362,000 after paying a 6% brokerage commission. Ignoring all other expenses, what minimum sale price is required?

A. $395,000
B. $362,000
C. $385,106
D. $383,720

Question 3

Which mortgage clause is principally designed to ensure that the lender ' s lien is released when the borrower has fully satisfied the secured debt?

A. Due-on-sale clause
B. Acceleration clause
C. Mortgage covenant clause
D. Defeasance clause

Question 4

The city wishes to purchase a parcel of property to be used as a cloverleaf for access to the nearby interstate.
The landowner refuses to sell. To acquire title to the property, the city will initiate a process of

A. escheat.
B. accession.
C. condemnation.
D. negotiation.

Question 5

The Massachusetts Sanitary Code requires landlords to

A. Notify a tenant 24 hours prior to entering a property.
B. Inspect the property every six months.
C. Provide a statement of condition within 30 days of the lease.
D. Maintain their properties in a safe and habitable condition.

Solutions: