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:

1. A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?

A) The offer most favorable to the seller, including price and all terms
B) All three of the offers
C) The first offer received
D) The offer with the highest sale price

2. 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) regression.
B) economic obsolescence.
C) functional obsolescence.
D) landlocked property.

3. Which of the following acts does NOT require notifying the Board of Registration?

A) A broker conducts business under the broker's own name.
B) A broker commences business under the trade name of ABC Realty.
C) A salesperson terminates employment with one broker and affiliates with another.
D) A broker changes his or her mailing address.

4. A licensee listed a property that had an unfinished garage. The licensee received an offer subject to the garage being finished. Was a contractual obligation created?

A) No, because the seller has not accepted the offer.
B) Yes, because a definite and certain offer was made by the buyer.
C) Yes, because both the seller and buyer offered to enter into a contract.
D) No, because contractual obligations must be in writing and notarized.

5. A seller has entered into an exclusive right to sell agreement with a broker. The buyer presents the seller with an offer to purchase which is 20% less than the list price. Which of the following is appropriate?

A) The seller is under no obligation to accept the offer or make a counteroffer.
B) The seller has 72 hours to submit a counteroffer or else the offer is considered to be accepted.
C) The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.
D) The seller is obligated to pay the buyer a commission or the offer price if the seller rejects the offer.

Solutions: