Real Estate
Under the Massachusetts Consumer Protection Act, consumers may be awarded
______ the amount of the actual damages if a business willfully or knowingly violates
the act.
A reduction in
Up to double
Up to quadruple
Up to triple - answer Up to triple
Checks received by Massachusetts brokers performing property management services
should be copied and retained for three years if they are from ________.
Actual or prospective tenants
Actual tenants only
Contractors
Prospective tenants only - answerActual or prospective tenants
Andy is representing his fiancée in a real estate transaction. Does he have any special
disclosure requirements?
No, because they're not married yet.
Yes, because he has a personal interest in the property.
Yes, but only if the wedding will occur before the closing date.
Yes, licensees must always disclose their marital plans. - answerYes, because he has a
personal interest in the property.
You've been affiliated with broker Ben for two years, but you're moving on to greener
pastures with a new broker. Who's responsible for notifying the Massachusetts Board of
Registration of Real Estate Brokers and Salespersons that you terminated your
affiliation with Ben?
Ben, your ex-principal broker
Jessica, your new principal broker
No one; the notice is automatic when your license is renewed.
You, the affiliated licensee - answerBen, your ex-principal broker
What is the maximum penalty per call that can be assessed for contacting someone on
the no-call list in Massachusetts?
$15,000
$25,000
, $500
$5,000 - answer$5,000
According to Massachusetts lease's Term provision, which of the following statements is
true about a tenancy at will lease?
Early termination by either party requires 30 days' prior written notice.
The landlord can terminate the lease at will and without notice.
The lease renews automatically upon expiration.
Upon expiration, the lease converts to a month-to-month tenancy. - answerEarly
termination by either party requires 30 days' prior written notice.
Which of these is a licensing qualification required of both Massachusetts salesperson
and broker candidates?
At least three years of real estate experience in Massachusetts
Endorsements from three individuals not related to the candidate
High school degree or equivalent
Surety bond of $5,000 - answerEndorsements from three individuals not related to the
candidate
Licensees who provide services to find Massachusetts rental properties are required to
provide a(n) ________ at the first meeting with a prospective tenant.
Agency disclosure
List of references
Rental fee disclosure
Tax statements - answerRental fee disclosure
Candidates in Massachusetts for salesperson or broker licensure must complete and
sign a form consenting to ____________ in order to qualify for a license.
A Massachusetts Board of Investigation background check
A review of the candidate's credit history and financial records
Oversight by the Board of Registration of Real Estate Brokers and Salespersons when
conducting any real estate activity
The board's submission of a Criminal Offender Record Information check - answerThe
board's submission of a Criminal Offender Record Information check
As a Massachusetts real estate professional, why is it so important to know the
protected classes under fair housing law?
Because it's on the exam
So you don't offend anyone
To keep special interest groups off your back
Under the Massachusetts Consumer Protection Act, consumers may be awarded
______ the amount of the actual damages if a business willfully or knowingly violates
the act.
A reduction in
Up to double
Up to quadruple
Up to triple - answer Up to triple
Checks received by Massachusetts brokers performing property management services
should be copied and retained for three years if they are from ________.
Actual or prospective tenants
Actual tenants only
Contractors
Prospective tenants only - answerActual or prospective tenants
Andy is representing his fiancée in a real estate transaction. Does he have any special
disclosure requirements?
No, because they're not married yet.
Yes, because he has a personal interest in the property.
Yes, but only if the wedding will occur before the closing date.
Yes, licensees must always disclose their marital plans. - answerYes, because he has a
personal interest in the property.
You've been affiliated with broker Ben for two years, but you're moving on to greener
pastures with a new broker. Who's responsible for notifying the Massachusetts Board of
Registration of Real Estate Brokers and Salespersons that you terminated your
affiliation with Ben?
Ben, your ex-principal broker
Jessica, your new principal broker
No one; the notice is automatic when your license is renewed.
You, the affiliated licensee - answerBen, your ex-principal broker
What is the maximum penalty per call that can be assessed for contacting someone on
the no-call list in Massachusetts?
$15,000
$25,000
, $500
$5,000 - answer$5,000
According to Massachusetts lease's Term provision, which of the following statements is
true about a tenancy at will lease?
Early termination by either party requires 30 days' prior written notice.
The landlord can terminate the lease at will and without notice.
The lease renews automatically upon expiration.
Upon expiration, the lease converts to a month-to-month tenancy. - answerEarly
termination by either party requires 30 days' prior written notice.
Which of these is a licensing qualification required of both Massachusetts salesperson
and broker candidates?
At least three years of real estate experience in Massachusetts
Endorsements from three individuals not related to the candidate
High school degree or equivalent
Surety bond of $5,000 - answerEndorsements from three individuals not related to the
candidate
Licensees who provide services to find Massachusetts rental properties are required to
provide a(n) ________ at the first meeting with a prospective tenant.
Agency disclosure
List of references
Rental fee disclosure
Tax statements - answerRental fee disclosure
Candidates in Massachusetts for salesperson or broker licensure must complete and
sign a form consenting to ____________ in order to qualify for a license.
A Massachusetts Board of Investigation background check
A review of the candidate's credit history and financial records
Oversight by the Board of Registration of Real Estate Brokers and Salespersons when
conducting any real estate activity
The board's submission of a Criminal Offender Record Information check - answerThe
board's submission of a Criminal Offender Record Information check
As a Massachusetts real estate professional, why is it so important to know the
protected classes under fair housing law?
Because it's on the exam
So you don't offend anyone
To keep special interest groups off your back
