MASSACHUSETTS REAL ESTATE FINAL
EXAM 2026 BANK 2 VERSIONS AND STUDY
GUIDE CURRENTLY TESTING COMPLETE
EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS /EXPERT VERIFIED
/ALREADY GRADED A+
When Ang, owner and principal broker for ABC Realty,
helped his niece Seria purchase a property, he did not have
Seria sign a disclosure form. According to Florida law,
what kind of brokerage relationship will Ang have with his
niece? - ....ANSWER...Because no brokerage relationship
was established in writing with his niece, Ang was operating
as transaction broker. He violated the law that was in effect
at that time by not disclosing his broker relationship.
Rita fell in love with a home built in 1905. She was
surprised when the listing broker gave her a lead-based
paint disclosure form at closing. Which of the following is
TRUE? - ....ANSWER...The law says the seller may not
accept an offer from the buyer unless both the Lead-based
Paint Disclosure and EPA pamphlet have been given. If the
,seller fails to give the disclosure and pamphlet to the buyer,
the broker is responsible for doing so.
When Rex obtained his Florida sales associate license he
misrepresented the facts and concealed that his insurance
license in another jurisdiction had been revoked more than
20 years before. Which of the following is a mandated
penalty according to Florida law? - ....ANSWER...There is
a mandated $1,000 administrative fine, and Rex's license
will be revoked.
*** What does P.O.A.C.H. stand for? -
....ANSWER...Posession, Open, Actual, Continuous,
Hostile.
Eldon arrived in Coral Gables and found the perfect
apartment. He signed a written agreement with the
property owner, but the contract had no date of
termination. Which of the following most accurately
describes Eldon's situation? - ....ANSWER...Eldon has a
valid contract. The owner did not violate the law. The
owner is only obligated under this scenario to give Eldon at
least 15 days' notice plus the payment period to vacate prior
to the end of the monthly period.
,A buyer is visiting open houses and runs across a nice
looking home for sale. Can the listing agent show the
buyer the home? - ....ANSWER...Yes, as long as the listing
agent gives the buyer an agency disclosure notice which
states he represents the seller.
Which best describes a subagent? - ....ANSWER...A seller
hires A1 Realty to sell his property. The broker at A1 lists
the property and a broker at Sun Realty brings a buyer but
does NOT represent the buyer.
A mortgage in Florida may not contain both a
prepayment penalty clause and which of the following? -
....ANSWER...A due-on-sale clause
After failing his Florida licensing exam Doug decided to
change his career path and began working as an
administrator for the FHA. With FHA approval, Doug
gave lists of foreclosed properties to broker Paige, under
the provision that Paige would pay him a percentage of
commissions earned by her company on properties from
, that list. Which of the following is TRUE? -
....ANSWER...Paige is violating the law because she is
agreeing to pay compensation to an individual who is not
licensed.
A broker has just secured a new listing. If he wants to
erect a "For Sale" sign on the property, what must he do
first? - ....ANSWER...The broker must get the property
owner's permission to do so.
A sales associate, Jose, entered agency agreements with
both the Cunninghams (sellers) and Marissa (buyer). Jose
helped Marissa write an offer for $5,000 less than the
asking price and presented it to the Cunninghams. Jose
pressured the Cunninghams to accept the lower offer since
the house had been on the market for 3 months with little
interest. Is this allowable? - ....ANSWER...No, Jose is
working as a transaction broker and is acting unfairly
towards the Cunninghams.
EXAM 2026 BANK 2 VERSIONS AND STUDY
GUIDE CURRENTLY TESTING COMPLETE
EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS /EXPERT VERIFIED
/ALREADY GRADED A+
When Ang, owner and principal broker for ABC Realty,
helped his niece Seria purchase a property, he did not have
Seria sign a disclosure form. According to Florida law,
what kind of brokerage relationship will Ang have with his
niece? - ....ANSWER...Because no brokerage relationship
was established in writing with his niece, Ang was operating
as transaction broker. He violated the law that was in effect
at that time by not disclosing his broker relationship.
Rita fell in love with a home built in 1905. She was
surprised when the listing broker gave her a lead-based
paint disclosure form at closing. Which of the following is
TRUE? - ....ANSWER...The law says the seller may not
accept an offer from the buyer unless both the Lead-based
Paint Disclosure and EPA pamphlet have been given. If the
,seller fails to give the disclosure and pamphlet to the buyer,
the broker is responsible for doing so.
When Rex obtained his Florida sales associate license he
misrepresented the facts and concealed that his insurance
license in another jurisdiction had been revoked more than
20 years before. Which of the following is a mandated
penalty according to Florida law? - ....ANSWER...There is
a mandated $1,000 administrative fine, and Rex's license
will be revoked.
*** What does P.O.A.C.H. stand for? -
....ANSWER...Posession, Open, Actual, Continuous,
Hostile.
Eldon arrived in Coral Gables and found the perfect
apartment. He signed a written agreement with the
property owner, but the contract had no date of
termination. Which of the following most accurately
describes Eldon's situation? - ....ANSWER...Eldon has a
valid contract. The owner did not violate the law. The
owner is only obligated under this scenario to give Eldon at
least 15 days' notice plus the payment period to vacate prior
to the end of the monthly period.
,A buyer is visiting open houses and runs across a nice
looking home for sale. Can the listing agent show the
buyer the home? - ....ANSWER...Yes, as long as the listing
agent gives the buyer an agency disclosure notice which
states he represents the seller.
Which best describes a subagent? - ....ANSWER...A seller
hires A1 Realty to sell his property. The broker at A1 lists
the property and a broker at Sun Realty brings a buyer but
does NOT represent the buyer.
A mortgage in Florida may not contain both a
prepayment penalty clause and which of the following? -
....ANSWER...A due-on-sale clause
After failing his Florida licensing exam Doug decided to
change his career path and began working as an
administrator for the FHA. With FHA approval, Doug
gave lists of foreclosed properties to broker Paige, under
the provision that Paige would pay him a percentage of
commissions earned by her company on properties from
, that list. Which of the following is TRUE? -
....ANSWER...Paige is violating the law because she is
agreeing to pay compensation to an individual who is not
licensed.
A broker has just secured a new listing. If he wants to
erect a "For Sale" sign on the property, what must he do
first? - ....ANSWER...The broker must get the property
owner's permission to do so.
A sales associate, Jose, entered agency agreements with
both the Cunninghams (sellers) and Marissa (buyer). Jose
helped Marissa write an offer for $5,000 less than the
asking price and presented it to the Cunninghams. Jose
pressured the Cunninghams to accept the lower offer since
the house had been on the market for 3 months with little
interest. Is this allowable? - ....ANSWER...No, Jose is
working as a transaction broker and is acting unfairly
towards the Cunninghams.
