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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A seller has entered into an exclusive right to sell agreement with a broker. The buyer presents the seller with an offer to purchase which is 20% less than the list price. Which of the following is appropriate?

A) The seller is under no obligation to accept the offer or make a counteroffer.
B) The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.
C) The seller has 72 hours to submit a counteroffer or else the offer is considered to be accepted.
D) The seller is obligated to pay the buyer a commission or the offer price if the seller rejects the offer.

2. The broker has a single agency relationship with the seller. The broker will show the property to a buyer who is a customer. The broker must disclose that the

A) home has a leaky roof in heavy rains.
B) home has a lake view.
C) seller needs to move soon.
D) seller does not like the next door neighbor.

3. Which of the following acts does NOT require notifying the Board of Registration?

A) A broker commences business under the trade name of ABC Realty.
B) A broker conducts business under the broker's own name.
C) A salesperson terminates employment with one broker and affiliates with another.
D) A broker changes his or her mailing address.

4. An offer of $569,000 is verbally accepted by a seller. Two hours later an offer of $589,000 is presented to the seller, which the seller accepts in writing. Based on the above situation the first buyer is

A) Entitled to purchase the property.
B) Entitled to an additional offer.
C) Not entitled to purchase the property.
D) Not entitled to the status as a backup offer.

5. An offer of $569,000 is verbally accepted by a seller. Two hours later an offer of $589,000 is presented to the seller, which the seller accepts in writing. Based on the above situation the first buyer is

A) Entitled to purchase the property.
B) Entitled to an additional offer.
C) Not entitled to purchase the property.
D) Not entitled to the status as a backup offer.

Solutions: