Real Estate Massachusetts-Real-Estate-Salesperson

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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. 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) percentage lease
B) gross lease
C) graduated lease
D) net lease

2. The two clauses in a mortgage which allow the lender to proceed with a foreclosure sale are which of the following?

A) escalation clause and alienation clause
B) acceleration clause and power of sale clause
C) escalation clause and power of sale clause
D) foreclosure clause and alienation clause

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

4. A salesperson owns an apartment complex in Boston. The salesperson has decided to advertise the property for sale in a local newspaper and personally sell it. If the salesperson proceeds in this manner, the salesperson is

A) Violating the law because a salesperson may not sell an income-producing property.
B) Not violating the law because the salesperson has all the rights of a non-salesperson owner.
C) Violating the law because the salesperson is not a broker and cannot advertise.
D) Not violating the law because the broker-salesperson distinction does not apply to commercial properties.

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

Solutions: