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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
| General Real Estate Knowledge | 67% | - Contracts
- 1. Contract Law
- 2. Leases
- 3. Purchase Agreements
- Real Estate Practice
- 1. Transfer of Title
- 2. Settlement Procedures
- 3. Listings
- Property Ownership
- 1. Types of Ownership
- 2. Property Rights
- 3. Land Characteristics
- Financing
- 1. Mortgage Types
- 2. Financing Instruments
- 3. Loan Qualification
- Valuation and Market Analysis
- 1. Market Value
- 2. Appraisal Principles
- 3. Comparative Market Analysis
- Laws of Agency
- 1. Duties of Agents
- 2. Disclosure Requirements
- 3. Agency Relationships
|
| Massachusetts Real Estate Law | 33% | - Massachusetts Real Estate Practices
- 1. Agency Disclosure
- 2. Advertising Rules
- 3. Escrow Requirements
- Licensing Requirements
- 1. Continuing Education
- 2. Salesperson Licensing Rules
- 3. License Renewal
- Massachusetts License Law
- 1. Board Regulations
- 2. Disciplinary Actions
- 3. Consumer Protection
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
1. An example of modular construction is
A) an apartment building.
B) a log cabin.
C) prefabricated housing.
D) a home used as a model.
2. A building was purchased for $350,000 with a 20% down payment. If the lender charged the buyer three discount points, how much will the buyer need to close?
A) $61,600
B) $80,500
C) $360,500
D) $78,400
3. A property manager has successfully negotiated the lease of a home built in 1965 to tenants who have no children. Regarding disclosure of lead-based paint, the property manager should
A) give the tenants 10 days to test the home and provide them with the required booklet.
B) have the tenants sign the disclosure form and provide them with the required booklet.
C) have all the lead-based paint covered or removed by licensed mitigators.
D) do nothing, as regulations only apply when children are present.
4. When performing its duties, the Board of Registration protects and safeguards the interests of the
A) General public.
B) Governor's office.
C) Licensees.
D) State legislature.
5. When real estate brokers and salespersons engage in renting residential dwelling units, they must provide a prospective tenant with written notice of the
A) Presence of any sex offenders living in the neighborhood.
B) Amount of the rent.
C) Name and address of the landlord.
D) Amount of fee, if any, that the prospective tenant will have to pay for the broker's services.
Solutions:
Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: D |