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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Quality Supermarkets has taken occupancy of a retail building and has a long-term lease. As part of their fit- up, they bolt to the floor their meat and dairy coolers, shelves, and check-out stands.
When Quality Supermarkets vacates the property at the end of the lease, will Quality Supermarkets be legally entitled to remove these fixtures?

A) No, because they are bolted to the floor.
B) Yes, if removed prior to the end of the lease.
C) Yes, because they are appurtenances.
D) No, because they are trade fixtures.

2. A motel is the subject of an appraisal and it is determined that a rerouting of a county highway has limited customer access to the motel. This is an example of

A) landlocked property.
B) economic obsolescence.
C) regression.
D) functional obsolescence.

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

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

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

5. A couple enters into a purchase contract to buy a house, and their parents are providing a $5,000 earnest money check. The check is deposited in the listing broker's escrow account. The buyers are unable to get financing, and the contract provides for return of the earnest money to the buyers. The buyers and seller agree in writing to the release of the earnest money. The listing broker should

A) issue a $5,000 check to the parents.
B) return the earnest money check, minus expenses, to the parents.
C) issue a $5,000 check to the buyers.
D) return the earnest money check, minus expenses, to the buyers.

Solutions: