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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. The Massachusetts Consumer Protection Act (M.G.L. c. 93A)

A) Protects homeowners who sell their homes without a broker.
B) Protects tenants from personal property disputes.
C) Prohibits use of unfair and deceptive practices in business.
D) Prohibits use of only deceptive practices in landlord-tenant law.

2. A seller has entered into an exclusive right to sell agreement with a broker. The buyer presents the seller with an offer to purchase which is 20% less than the list price. Which of the following is appropriate?

A) The seller is under no obligation to accept the offer or make a counteroffer.
B) The seller is obligated to pay the buyer a commission or the offer price if the seller rejects the offer.
C) The seller has 72 hours to submit a counteroffer or else the offer is considered to be accepted.
D) The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.

3. The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present

A) the highest cash offer to the seller.
B) only cash offers to the seller.
C) the highest offer to the seller.
D) all offers to the seller.

4. A motel is the subject of an appraisal and it is determined that a rerouting of a county highway has limited customer access to the motel. This is an example of

A) economic obsolescence.
B) functional obsolescence.
C) regression.
D) landlocked property.

5. A couple enters into a purchase contract to buy a house, and their parents are providing a $5,000 earnest money check. The check is deposited in the listing broker's escrow account. The buyers are unable to get financing, and the contract provides for return of the earnest money to the buyers. The buyers and seller agree in writing to the release of the earnest money. The listing broker should

A) issue a $5,000 check to the buyers.
B) return the earnest money check, minus expenses, to the buyers.
C) return the earnest money check, minus expenses, to the parents.
D) issue a $5,000 check to the parents.

Solutions: