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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A salesperson owns an apartment complex in Boston. The salesperson has decided to advertise the property for sale in a local newspaper and personally sell it. If the salesperson proceeds in this manner, the salesperson is

A) Not violating the law because the salesperson has all the rights of a non-salesperson owner.
B) Violating the law because the salesperson is not a broker and cannot advertise.
C) Violating the law because a salesperson may not sell an income-producing property.
D) Not violating the law because the broker-salesperson distinction does not apply to commercial properties.

2. What kind of lease would require the lessee to pay the taxes, insurance, repairs, and other operating expenses of the premises in addition to the regular rental payment?

A) gross lease
B) graduated lease
C) net lease
D) percentage lease

3. 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) landlocked property.
D) regression.

4. Based on the common law of agency, which of the following would always be an agent's duty?

A) disclosing that the reason a client is selling is an impending divorce
B) hiring a contractor to repair a listing with a leaky roof
C) analyzing the preliminary title report and advising the buyer regarding exceptions listed
D) placing the interests of the principal above all others, including the agent's own interests

5. A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker's right to be compensated and to work with other clients, this means that during the term of this agreement, the broker

A) is entitled to compensation even if the buyer purchases a property that they locate.
B) may not show a property to other buyers until the buyer decides if they want to make an offer.
C) must be compensated by the seller.
D) is only due compensation if the buyer purchases one of the broker's listings.

Solutions: