Real Estate Massachusetts-Real-Estate-Salesperson

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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Deposit money received by a salesperson must be turned over to the salesperson's broker

A) Immediately.
B) At the date specified in the offer to purchase.
C) Within three days.
D) At the signing of the purchase and sale agreement.

2. Real estate taxes that are paid in advance are prorated on the closing statement as

A) a credit to buyer; a debit to seller.
B) a debit to buyer; a credit to seller.
C) no entry to buyer; a debit to seller.
D) no entry to buyer; a credit to seller.

3. In Massachusetts, which of the following statements about smoke detectors prior to closing is always correct?

A) Smoke detectors are optional in single-family houses.
B) A three-family residence can have either battery-operated or hard-wired smoke detectors.
C) A smoke detector certificate must be obtained from the local fire department.
D) All single-family residences must have hard-wired smoke detectors.

4. Which of the following is true of a quitclaim deed?

A) It can be used to remove a cloud on a title.
B) It has warranties similar to a special warranty deed.
C) It cannot be recorded.
D) It cannot be used to transfer a title held in fee simple.

5. A broker has a single agency relationship with the seller. Any required property condition disclosure would be completed by the

A) seller.
B) listing agent on behalf of broker.
C) broker.
D) listing agent on behalf of seller.

Solutions: