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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: National Portion | 67% | - Property Ownership
|
| Topic 2: Massachusetts State Portion | 33% | - State-Specific Practices
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
Under an option to buy, the ownership of land will change when the
- A. specified time has expired.
- B. optionor does not fulfill the obligation.
- C. option is signed by the parties.
- D. optionee exercises the option.
Correct Answer: D 🗳️
A life tenant has the right to occupy a property for life. The instrument creating the life estate states that, when the life tenant dies, title will pass to a specifically named third party. What interest does that third party hold?
- A. Remainder interest
- B. Periodic tenancy
- C. Reversionary interest
- D. Estate at sufferance
Correct Answer: A 🗳️
Explanation: Only visible for PassExamDumps members. You can sign-up / login (it's free).
An example of modular construction is
- A. a home used as a model.
- B. an apartment building.
- C. a log cabin.
- D. prefabricated housing.
Correct Answer: D 🗳️
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A contract in which a licensee is employed by an owner to find a buyer for a 20-unit apartment building is most likely
- A. an option contract.
- B. a property management contract.
- C. a contract of sale.
- D. a listing contract.
Correct Answer: D 🗳️
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A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker ' s right to be compensated and to work with other clients, this means that during the term of this agreement, the broker
- A. is only due compensation if the buyer purchases one of the broker ' s listings.
- B. is entitled to compensation even if the buyer purchases a property that they locate.
- C. may not show a property to other buyers until the buyer decides if they want to make an offer.
- D. must be compensated by the seller.
Correct Answer: B 🗳️
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