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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. To avoid triggering full disclosure under TILA when advertising financing availability on a listed property, which of the following statements must a real estate licensee avoid using?

A) assumable loan
B) FHA and VA financing available
C) buy for less than $650 per month
D) owner willing to finance


2. A broker lists a property for ninety days. A buyer stops at the owner's residence and makes an offer for the property, which the owner accepts. The broker has no knowledge of the sales agreement between the buyer and the owner. The broker is entitled to a commission from the sale if the agreement the broker had with the owner was a(n)

A) Exclusive right-to-sell listing.
B) Exclusive agency listing.
C) Net listing.
D) Open listing.


3. A broker may withdraw money from the broker's escrow account

A) To cover the broker's commission.
B) When ordered by the seller's attorney.
C) When the transaction has been consummated.
D) To pay for advertising expenses related to the sale.


4. Under an option to buy, the ownership of land will change when the

A) option is signed by the parties.
B) specified time has expired.
C) optionee exercises the option.
D) optionor does not fulfill the obligation.


5. On which of the following must the landlord pay interest when collecting first month, last month, and security deposit?

A) Security deposit and last month
B) First month only
C) Only if they are deposited in an interest-bearing account
D) Last month only


Solutions:

Question # 1
Answer: C
Question # 2
Answer: A
Question # 3
Answer: C
Question # 4
Answer: C
Question # 5
Answer: A

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