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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

Captain Hook threatens Wendy with physical harm unless she signs an agreement to sell her house. The agreed purchase price is otherwise reasonable. What is the legal status of the agreement?

A. Fully binding because the price is reasonable
B. Voidable by Wendy because her consent resulted from duress
C. Automatically valid once signed
D. Invalid only because consideration is missing

Question 2

A person leaves an estate as follows: 54% to a spouse, 18% to a daughter, 16% to a son, and the remainder to a church. The church receives $79,000. Approximately how much does the daughter receive?

A. $98,750
B. $118,500
C. $142,200
D. $79,000

Question 3

Which instrument pledges real property as security for repayment of a debt while allowing the borrower to retain possession?

A. Proprietary lease
B. Listing agreement
C. Mortgage
D. Bill of sale

Question 4

Which of the following is true about mortgage assumptions?

A. The buyer is relieved of personal liability.
B. The buyer is required to sign a new mortgage note.
C. The seller may or may not be released from liability.
D. The mortgagee automatically releases the seller upon receipt of a warranty deed.

Question 5

When a licensee is hired to find a tenant for a summer vacation home on Cape Cod built in 1950, for a period of two weeks,

A. An unlicensed assistant may handle the transaction.
B. The Massachusetts Lead Law is not applicable.
C. There is no limit on the amount of the security deposit.
D. The Massachusetts Fair Housing Law does not apply.

Solutions: