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Real Estate Massachusetts Real Estate Salesperson Sample Questions:
1. A prospective tenant wishes to rent an apartment and is told by the owner that the owner does not want to rent to anyone with children because of the lead paint. The prospective tenant, who has children ages four, six, and nine years old, is not concerned about lead paint and wants to rent the apartment for six months. The owner agrees to lease them the unit. Concerning the lead paint, the owner must
A) De-lead or make lead-safe whether the tenant requires it or not.
B) Write into the lease that the tenant has agreed that de-leading is not necessary.
C) Not de-lead because this is only a six-month lease.
D) Wait to de-lead until the owner has sufficient funds.
2. Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?
A) The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.
B) Because the listing broker will be primarily responsible for completing the Loan Estimate to send to the lender, the broker should train associated licensees to collect all the necessary information in a timely fashion.
C) Because the lender has primary responsibility to provide these forms, the broker and licensees should be aware of the items required for the lender to comply.
D) The buyer's broker can provide samples so that when the licensee and the borrower prepare the forms they are following a good example.
3. When practicing as a facilitator, the facilitator
A) Must have signed Disclosed Dual Agency.
B) Must represent a seller or a buyer.
C) Does not represent the seller or the buyer.
D) Has an agency obligation of disclosure to the seller.
4. Broker N has five affiliated salespersons. On Monday at 10:00 a.m., Salesperson J submitted an offer to purchase from a prospective buyer. The offer price was $300,000. An hour later, Salesperson R submitted an offer of $296,000. However, Broker N held the second offer until the seller rejected the first offer. Broker N's conduct in this situation is
A) Permissible as long as both salespeople share a commission on either of the offers accepted by the seller.
B) Not permissible because a broker must present all offers to the principal forthwith.
C) Not permissible because a broker must inform all potential buyers of existing offers.
D) Permissible as long as both salespeople knew of Broker N's action.
5. A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?
A) The first offer received
B) The offer with the highest sale price
C) The offer most favorable to the seller, including price and all terms
D) All three of the offers
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |








