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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A client makes an offer on a residential property and provides a check for $2,000 as earnest money. The client instructs his buyer agent to hold the check for five days so it will clear the bank. What should the agent do with the check?

A) Provide the check to his broker immediately with the client's instruction to hold it for five days before depositing it in the escrow account.
B) Refuse to present the offer to the seller's agent until the earnest money can be deposited.
C) Inform the client that the offer will be presented without any earnest money since the agent is required to submit all offers.
D) Hold it for five days before submitting the check to his broker for deposit in the escrow account.

2. Two top licensees in a small town have agreed not to show listings of a new real estate firm charging a low commission rate to sellers. This behavior is a violation of the

A) Blue-Sky laws.
B) Equal Credit Opportunity Act.
C) federal fair housing laws.
D) Sherman Antitrust Act.

3. Active licensees renewing a real estate license must have completed how many hours of continuing education during the two years prior to the scheduled renewal?

A) Sixteen
B) Six
C) Twelve
D) Four

4. A licensee must provide disclosure of licensed status when acting as a principal if

A) any relative of the licensee has ever lived in the residence.
B) the agent of the other party asks about this specifically.
C) the licensee has any economic interest in the property.
D) the licensee does not have errors and omission insurance.

5. Which of the following activities may result in a fine from the Massachusetts Commission Against Discrimination (MCAD) against a licensee?

A) Knowingly making any substantial misrepresentation
B) Failing to give both the buyer and the seller a copy of the purchase and sales agreement
C) Acting in the dual capacity of broker and undisclosed principal in the same transaction
D) Blockbusting

Solutions: