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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Which of the following best completes the following metes and bounds description? "Beginning at the intersection of Bunker Hill Road and Munson Avenue, thence 150 feet south; thence 85 feet west; thence 150 feet north; thence"

A) 150 feet south to the Point of Beginning.
B) 85 feet east to the Point of Beginning.
C) 150 feet west to the Point of Beginning.
D) 85 feet west to the Point of Beginning.

2. Which of the following is used in the cost approach when estimating the value of improvements?

A) Location, available financing, and depreciation.
B) The price per square foot of comparable properties.
C) How much it would cost to build a similar building at today's cost.
D) The assessed value of the property including the land.

3. Multi-ethnic families were beginning to move into a neighborhood that had previously been all one ethnicity.
A local broker passed out flyers to homeowners that said, "Sell now before it's too late! We have beautiful new homes with attractive financing and good schools." These flyers would likely be viewed by the courts as

A) good marketing.
B) redlining.
C) steering.
D) blockbusting.

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. Which of the following is incorrect regarding carbon monoxide inspection?

A) The inspection must be completed by the local fire department.
B) The inspection must be completed by a building inspector.
C) There is no additional fee if the inspection is done at the same time as the smoke detector inspection.
D) The inspection must be completed as a prerequisite to sell a residential property burning fossil fuel.

Solutions: