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Massachusetts State Exam Questions and Answer Graded A

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Massachusetts State Exam Questions and Answer Graded A Leslie is selling her house and has no knowledge of any plumbing problems. However, the plumbing stack is seriously corroded and will require replacement soon. In the seller property condition disclosure, how should Leslie respond when asked whether she has any knowledge of plumbing system problems? No Members of the Board of Registration of Real Estate Brokers and Salespersons are selected by which of the following? the governor To whom does the responsibility belong for the preparation of promissory notices involved in a closing? lender Nelson is a broker who has a listing agreement with a seller. The buyer's broker has learned about the property through the MLS. When should the cooperating broker identify his representation to Nelson? Prior to the showing Howard contacts a real estate office and indicates an interest in buying a home in the community. Sue is a salesperson at the agency who meets with Howard during his visit. Which of the following actions should NOT be taken by Sue?

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Massachusetts State Exam Questions
and Answer Graded A
Leslie is selling her house and has no knowledge of any plumbing problems. However, the

plumbing stack is seriously corroded and will require replacement soon. In the seller

property condition disclosure, how should Leslie respond when asked whether she has any

knowledge of plumbing system problems?

No

Members of the Board of Registration of Real Estate Brokers and Salespersons are selected

by which of the following?

the governor

To whom does the responsibility belong for the preparation of promissory notices involved

in a closing?

lender

Nelson is a broker who has a listing agreement with a seller. The buyer's broker has

learned about the property through the MLS. When should the cooperating broker identify

his representation to Nelson?

Prior to the showing

Howard contacts a real estate office and indicates an interest in buying a home in the

community. Sue is a salesperson at the agency who meets with Howard during his visit.

Which of the following actions should NOT be taken by Sue?

,She may advise Howard on how much to offer for a home in the area.

Which of the following persons must have a real estate broker's license in order to transact

business?

A person who negotiates the sales of entire businesses, including stock equipment and buildings,

for a promised fee.

Which of the following conditions must be met in order for a partnership, association, or

corporation to be granted a license in Massachusetts?

if a designated officer or partner has been issued a broker's license

A Massachusetts home owner knows the house contains lead paint but her children have

never been shown to have elevated blood lead levels. Must the property owner take any

further action?

yes, she must abate defective lead paint

Peter, a licensed broker, finds a buyer for his seller-principal, the Noonans. After accepting

the buyer's offer in writing, the Noonans change their minds and withdraw their

acceptance. Which of the following is Peter's recourse?

Peter is entitled to collect a commission.

Which of the following does NOT have to be disclosed by a real estate agent under

Massachusetts Stigmatized Property Law?

a ghost

, Which of the following is NOT required of a broker in any real estate transaction that the

broker negotiates?

Provide a personal opinion on the condition of the seller's title to the property

Andrea is a salesperson who engaged in activities that constituted violations of the

Massachusetts Fair Housing Law. This is her first offense. In addition the actions taken by

the court, what must the Board of Registration of Real Estate Brokers and Salespersons

do?

suspend her license for a period of sixty days

What information must be included on a real estate broker's web site in Massachusetts?

name and address of the broker's office and the states in which the brokerage holds licenses

After what period of time do unclaimed estates escheat to the state?

20 years

Which one of the following activities is NOT considered "engaging in the real estate

business" ?

reselling a mobile home

Which of the following is NOT grounds for revocation of a broker's license in

Massachusetts?

agreeing with a seller to accept a listing for higher than the normal commission rate

If a licensee has allowed her license to expire, how long does she have to reinstate it without

paying a penalty?

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Uploaded on
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Number of pages
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Written in
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Type
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