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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A broker lists a property abutting a pond. A potential buyer is interested in the property but plans to build an addition onto a boathouse. The buyer will need

A) Approval from the local conservation commission.
B) Approval from the State Sanitary Commission.
C) A certificate of compliance.
D) A letter of interim control.

2. A buyer and seller agreed upon a selling price for a property and both signed a written agreement. As part of the contract, the buyer reserved the right to cancel the sale if the buyer's house, which was on the market, did not sell within 30 days. This contract is

A) an executory contract.
B) an implied contract.
C) an executed contract.
D) a unilateral contract.

3. An owner has a freestanding cabinet that was custom-built to fit an alcove of the living room. When the owner sells the home, the cabinet will be best described as

A) real property.
B) a fixture.
C) personal property.
D) an appurtenance.

4. An offer of $569,000 is verbally accepted by a seller. Two hours later an offer of $589,000 is presented to the seller, which the seller accepts in writing. Based on the above situation the first buyer is

A) Not entitled to purchase the property.
B) Entitled to purchase the property.
C) Not entitled to the status as a backup offer.
D) Entitled to an additional offer.

5. Which type of deed provides the purchaser of real estate the greatest protection?

A) general warranty deed
B) deed in trust
C) quitclaim deed
D) trustee's deed

Solutions: