Real Estate Massachusetts Real Estate Salesperson : Massachusetts-Real-Estate-Salesperson

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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

A motel is the subject of an appraisal and it is determined that a rerouting of a county highway has limited customer access to the motel. This is an example of

A. landlocked property.
B. functional obsolescence.
C. economic obsolescence.
D. regression.

Question 2

What kind of lease would require the lessee to pay the taxes, insurance, repairs, and other operating expenses of the premises in addition to the regular rental payment?

A. graduated lease
B. net lease
C. percentage lease
D. gross lease

Question 3

If a seller defaults in performance of a contract, any of the following actions would be likely to help the buyer recover any losses EXCEPT

A. suing the seller for specific performance.
B. filing a complaint with the Real Estate Commission.
C. bringing an action against the seller for payment of compensatory damages.
D. canceling the contract and recovering the earnest money.

Question 4

Time is of the essence means

A. time limits set forth in the contract must be carefully observed.
B. the closing must occur as soon as possible.
C. time limits stated in the contract may not be modified, even by mutual agreement of the parties.
D. every act under the contract must be performed on the exact date specified.

Question 5

An advertisement emphasizes information meant to appeal to a particular ethnic or national group in an effort to maintain the character of the neighborhood. From the viewpoint of the federal Fair Housing Act, this could constitute a violation known as

A. redlining.
B. panic selling.
C. blockbusting.
D. steering.

Solutions: