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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. What is the difference between a license to use property and an easement?

A) There must be consideration paid for a license.
B) An easement can be cancelled by the issuer.
C) There must be consideration paid for an easement.
D) A license can be cancelled by the issuer.

2. A rectangular lot contains 16,500 square feet. It has a depth of 150 feet. Each of two adjacent rectangular lots contains 4,950 square feet with a depth of 150 feet. What is the total street frontage of the three lots in linear feet?

A) 159
B) 143
C) 133
D) 176

3. Based on the common law of agency, which of the following would always be an agent's duty?

A) analyzing the preliminary title report and advising the buyer regarding exceptions listed
B) placing the interests of the principal above all others, including the agent's own interests
C) hiring a contractor to repair a listing with a leaky roof
D) disclosing that the reason a client is selling is an impending divorce

4. Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?

A) The buyer's broker can provide samples so that when the licensee and the borrower prepare the forms they are following a good example.
B) The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.
C) Because the listing broker will be primarily responsible for completing the Loan Estimate to send to the lender, the broker should train associated licensees to collect all the necessary information in a timely fashion.
D) Because the lender has primary responsibility to provide these forms, the broker and licensees should be aware of the items required for the lender to comply.

5. A buyer wants to purchase a home for $150,000 with a 30% down payment. The lender charges 1.75 points.
How much money does the buyer need up front to make the purchase?

A) $45,000
B) $47,625
C) $46,838
D) $45,788

Solutions: