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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

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

2. A real estate licensee is a partial owner of a local inspection company. It is permissible for the licensee to tell all clients to use this company when

A) the licensee discloses the interest in the company to the client.
B) the client does not ask for other recommendations.
C) the licensee does not know any of the other title companies in the area.
D) it is in the best interest of the client.

3. In a jurisdiction where a seller's property condition disclosure is required, the licensee is responsible for

A) ensuring that the seller complete the property condition disclosure before closing.
B) checking the disclosure for accuracy and ensuring that the buyer receives it before closing.
C) completing the property condition disclosure.
D) ensuring that the buyer receives the property disclosure before the contract is finalized.

4. A broker has a single agency relationship with the seller. Any required property condition disclosure would be completed by the

A) seller.
B) listing agent on behalf of seller.
C) broker.
D) listing agent on behalf of broker.

5. An escrow or trust account is often held by a lender to pay

A) property taxes and insurance payments.
B) interest on a loan.
C) the bank's outstanding invoices.
D) mortgage payments.

Solutions: