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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Two top licensees in a small town have agreed not to show listings of a new real estate firm charging a low commission rate to sellers. This behavior is a violation of the

A) Sherman Antitrust Act.
B) Equal Credit Opportunity Act.
C) federal fair housing laws.
D) Blue-Sky laws.

2. A buyer wants to purchase a home for $150,000 with a 30% down payment. The lender charges 1.75 points.
How much money does the buyer need up front to make the purchase?

A) $47,625
B) $45,788
C) $46,838
D) $45,000

3. If owners ask a broker not to show a property to recipients of government assistance, the broker must

A) Accept the listing.
B) Inform the Board of Registration.
C) Inform the Massachusetts Commission Against Discrimination.
D) Refuse the listing.

4. Quality Supermarkets has taken occupancy of a retail building and has a long-term lease. As part of their fit- up, they bolt to the floor their meat and dairy coolers, shelves, and check-out stands.
When Quality Supermarkets vacates the property at the end of the lease, will Quality Supermarkets be legally entitled to remove these fixtures?

A) Yes, if removed prior to the end of the lease.
B) No, because they are trade fixtures.
C) Yes, because they are appurtenances.
D) No, because they are bolted to the floor.

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

Solutions: