MA Real Estate Exam - Consumer
Protection Laws Exam Questions and
Answers
Mold - ANSWER-Natural. Grows in moisture. Grows in weather-tight homes.
Title 5 - ANSWER-- Requires that septic system pass within 2 years prior to sale (3 if
pumped each year)
OR
6 months after sale.
- Seller and Buyer decide who brings it into compliance.
- EXCEPTION: If the ground is frozen, an inspection can be done up to 6 months.
An inspection of private, on-site sewage disposal systems, often required in title
transfers. May be required prior to a property being eligible for some mortgages.
Prospective buyers go to XYZ Realty in response to an ad to see a house. Before
showing them the house, Salesperson T must: - ANSWER-Disclose to the buyers in
writing that Salesperson T represents the seller
Broker X takes a listing for a house in which its former owner, a young man with
AIDS, was murdered. With respect to disclosure, what must that broker tell
prospective buyers? - ANSWER-Broker X may not talk about the man having AIDS,
but must disclose the murder if specifically asked
A house in great condition is listed with the help of Salesperson W of XYZ Realty at
a price designed for a quick sale per the seller's instructions. Salesperson Y, who
works at XYZ Realty, wants to make an offer to buy at the listing price. Can she? -
ANSWER-Yes, if she discloses in writing to the seller that she works for XYZ Realty
As Broker B accepts a listing for a house, the sellers confide in him that the
basement tends to leak when there are heavy rains. Broker B advises that they do
not disclose the leaks because it will make it harder to sell the house. Which of the
following is true? - ANSWER-Broker B will be vulnerable to a law suit under MGL
93A if the basement leaks after the property is sold
Under Massachusetts law, the first time a real estate agent must disclose to
prospective purchasers that the agent represents the seller is: - ANSWER-Before
discussing the property with them
, Agent Z is engaged by a buyer to find him a home. Agent Z shows the buyer a
house, and the buyer enters into a purchase and sale agreement. At closing, the
seller's broker shares part of the commission with Agent Z and the buyer pays Agent
Z nothing. Under these circumstances: - ANSWER-Agent Z was working for the
buyer regardless of who paid Agent Z
While showing the buyer a house, buyer's agent Z learns that the buyer must find a
house quickly in order to move into the area to start a new job. Agent Z confides to
the seller's broker, who has agreed to share the commission with Agent Z, that the
buyer is not in a position to haggle over price. Has Agent Z violated agency law? -
ANSWER-Yes, because Agent Z works for the buyer regardless of who is paying
Agent Z
XYZ Realty takes a listing to sell a house and designates Salesperson X as the
seller's agent. In response to the ad for the house, a buyer comes into the agency
and asks to see the house, but wants representation, too. Salesperson Y is
designated to represent the buyer. Which of the following is true? - ANSWER-As
long as the seller and buyer agree to it in writing, XYZ Realty is a dual agent
A seller tells her broker that she must sell her home quickly. The broker advises that
he makes a blanket offer of subagency in the MLS to increase the chances of a
buyer being found. The seller agrees. The is allowed in Massachusetts because: -
ANSWER-The seller agreed to a subagency
A broker shows the buyers a house that is listed through MLS by another broker.
The buyers make an offer and sign the purchase and sale agreement. At the closing,
the broker tells the buyers she forgot to have them sign the disclosure form
acknowledging that she was working as a subagent of the seller and asks them to
sign it then. Has the broker violated the law? - ANSWER-Yes, because she was
supposed to tell them prior to showing the property
A friend of Salesperson A recommends her to a seller. Salesperson A's broker
accepts the listing and designates A as the seller's agent. Salesperson B, of the
same agency, has a friend who wants a buyer's agent to represent him. The broker
agrees to do so and designates B as the buyer's agent. The buyer sees the seller's
listing and wants to look at the house. Can Salesperson B show the house? -
ANSWER-Yes, if both the seller and buyer agree in writing to the dual agency
Buyers are making an offer on a house, but they are very worried about Radon. The
purchase and sale agreement provides that the seller test for Radon as a condition
to closing. The condition is there because: - ANSWER-Buyers can negotiate for the
testing for hazardous materials on the property
The owner of a house decides to test for Radon and discovers that there is more
than the recommended safe amount of Radon in the house. Instead of mitigating the
problem, the owner decides to sell and explains why to her broker. Chapter 93A
requires the broker to: - ANSWER-Inform all prospective buyers of the known hazard
Smoke and Carbon Monoxide Laws - ANSWER-- Realty sale requires a smoke/CO
certificate signed by fire chief.
Protection Laws Exam Questions and
Answers
Mold - ANSWER-Natural. Grows in moisture. Grows in weather-tight homes.
Title 5 - ANSWER-- Requires that septic system pass within 2 years prior to sale (3 if
pumped each year)
OR
6 months after sale.
- Seller and Buyer decide who brings it into compliance.
- EXCEPTION: If the ground is frozen, an inspection can be done up to 6 months.
An inspection of private, on-site sewage disposal systems, often required in title
transfers. May be required prior to a property being eligible for some mortgages.
Prospective buyers go to XYZ Realty in response to an ad to see a house. Before
showing them the house, Salesperson T must: - ANSWER-Disclose to the buyers in
writing that Salesperson T represents the seller
Broker X takes a listing for a house in which its former owner, a young man with
AIDS, was murdered. With respect to disclosure, what must that broker tell
prospective buyers? - ANSWER-Broker X may not talk about the man having AIDS,
but must disclose the murder if specifically asked
A house in great condition is listed with the help of Salesperson W of XYZ Realty at
a price designed for a quick sale per the seller's instructions. Salesperson Y, who
works at XYZ Realty, wants to make an offer to buy at the listing price. Can she? -
ANSWER-Yes, if she discloses in writing to the seller that she works for XYZ Realty
As Broker B accepts a listing for a house, the sellers confide in him that the
basement tends to leak when there are heavy rains. Broker B advises that they do
not disclose the leaks because it will make it harder to sell the house. Which of the
following is true? - ANSWER-Broker B will be vulnerable to a law suit under MGL
93A if the basement leaks after the property is sold
Under Massachusetts law, the first time a real estate agent must disclose to
prospective purchasers that the agent represents the seller is: - ANSWER-Before
discussing the property with them
, Agent Z is engaged by a buyer to find him a home. Agent Z shows the buyer a
house, and the buyer enters into a purchase and sale agreement. At closing, the
seller's broker shares part of the commission with Agent Z and the buyer pays Agent
Z nothing. Under these circumstances: - ANSWER-Agent Z was working for the
buyer regardless of who paid Agent Z
While showing the buyer a house, buyer's agent Z learns that the buyer must find a
house quickly in order to move into the area to start a new job. Agent Z confides to
the seller's broker, who has agreed to share the commission with Agent Z, that the
buyer is not in a position to haggle over price. Has Agent Z violated agency law? -
ANSWER-Yes, because Agent Z works for the buyer regardless of who is paying
Agent Z
XYZ Realty takes a listing to sell a house and designates Salesperson X as the
seller's agent. In response to the ad for the house, a buyer comes into the agency
and asks to see the house, but wants representation, too. Salesperson Y is
designated to represent the buyer. Which of the following is true? - ANSWER-As
long as the seller and buyer agree to it in writing, XYZ Realty is a dual agent
A seller tells her broker that she must sell her home quickly. The broker advises that
he makes a blanket offer of subagency in the MLS to increase the chances of a
buyer being found. The seller agrees. The is allowed in Massachusetts because: -
ANSWER-The seller agreed to a subagency
A broker shows the buyers a house that is listed through MLS by another broker.
The buyers make an offer and sign the purchase and sale agreement. At the closing,
the broker tells the buyers she forgot to have them sign the disclosure form
acknowledging that she was working as a subagent of the seller and asks them to
sign it then. Has the broker violated the law? - ANSWER-Yes, because she was
supposed to tell them prior to showing the property
A friend of Salesperson A recommends her to a seller. Salesperson A's broker
accepts the listing and designates A as the seller's agent. Salesperson B, of the
same agency, has a friend who wants a buyer's agent to represent him. The broker
agrees to do so and designates B as the buyer's agent. The buyer sees the seller's
listing and wants to look at the house. Can Salesperson B show the house? -
ANSWER-Yes, if both the seller and buyer agree in writing to the dual agency
Buyers are making an offer on a house, but they are very worried about Radon. The
purchase and sale agreement provides that the seller test for Radon as a condition
to closing. The condition is there because: - ANSWER-Buyers can negotiate for the
testing for hazardous materials on the property
The owner of a house decides to test for Radon and discovers that there is more
than the recommended safe amount of Radon in the house. Instead of mitigating the
problem, the owner decides to sell and explains why to her broker. Chapter 93A
requires the broker to: - ANSWER-Inform all prospective buyers of the known hazard
Smoke and Carbon Monoxide Laws - ANSWER-- Realty sale requires a smoke/CO
certificate signed by fire chief.
