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Following are some reference material for actual Real Estate Massachusetts-Real-Estate-Salesperson exam test
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| Section | Weight | Objectives |
|---|---|---|
| General Real Estate Knowledge | 67% | - Contracts
|
| Massachusetts Real Estate Law | 33% | - Massachusetts Real Estate Practices
|
A contract states in advance that a specified reasonable sum will be payable if a party breaches the agreement.
What is that provision called?
Correct Answer: B 🗳️
Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).
A homeowner sells a single-family house and purchases the right to occupy a unit in a cooperative building.
What does the purchaser generally acquire?
Correct Answer: C 🗳️
Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).
The two clauses in a mortgage which allow the lender to proceed with a foreclosure sale are which of the following?
Correct Answer: B 🗳️
Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).
Mary submits a valid offer to purchase Mark ' s property. Mark signs the offer indicating unconditional acceptance of its terms and communicates that acceptance. Which essential contract element is most directly demonstrated?
Correct Answer: B 🗳️
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Which of the following are potential remedies for violating Massachusetts General Laws Chapter 93A?
Correct Answer: C 🗳️
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