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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. An owner signed a contract to sell an apartment building. Just before closing, the owner informed the buyers that the owner would NOT sell the property. A lawsuit filed by the buyers would be for

A) a deficiency judgment.
B) specific performance.
C) quiet title action.
D) lis pendens.

2. A buyer is considering a property in one of the subdivisions of a Planned Unit Development (PUD). The buyer noticed nearby properties having detached garages and workshops. The buyer mentions to their agent that they want to build a detached building on the back of the lot for a home business. There is an HOA for this subdivision. Additionally, there are overarching covenants, conditions, and restrictions (CC&Rs) for the PUD. What actions, if any, should be taken by the broker to assure the buyer can use the property as they wish?

A) Determine if home business use is allowed in the subdivision.
B) Recommend the buyer obtain the current CC&Rs and all current HOA documents.
C) Recommend the buyer determine if architectural review requirements exist for the subdivision.
D) Take no action because other properties have detached buildings.

3. Broker N has five affiliated salespersons. On Monday at 10:00 a.m., Salesperson J submitted an offer to purchase from a prospective buyer. The offer price was $300,000. An hour later, Salesperson R submitted an offer of $296,000. However, Broker N held the second offer until the seller rejected the first offer. Broker N's conduct in this situation is

A) Not permissible because a broker must inform all potential buyers of existing offers.
B) Not permissible because a broker must present all offers to the principal forthwith.
C) Permissible as long as both salespeople knew of Broker N's action.
D) Permissible as long as both salespeople share a commission on either of the offers accepted by the seller.

4. When performing its duties, the Board of Registration protects and safeguards the interests of the

A) State legislature.
B) Licensees.
C) General public.
D) Governor's office.

5. A licensee lists a property and discovers that the property is too far away to market effectively. The licensee's firm retains the listing, but does not advertise or show it. Which of the following has been violated?

A) statute of frauds
B) seller disclosure laws
C) fiduciary responsibility
D) Consumer Protection Act

Solutions: