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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| National Portion | 67% | - Property Ownership
|
| Massachusetts State Portion | 33% | - Massachusetts Real Estate Law
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
Question 1
A broker obtains a listing agreement and later discovers that, before signing it, the property owner had already been judicially declared incompetent and was under guardianship covering the transaction. What is the principal contract problem?
A. The broker automatically owns the property
B. The owner ' s lack of legal capacity makes the purported agreement ineffective absent proper guardian authority
C. The listing automatically becomes an exclusive agency
D. The listing becomes a tenancy at will
Question 2
A seller agrees to transfer freestanding living-room furniture to the buyer along with the house. Which instrument is most appropriate for conveying ownership of the furniture?
A. Easement certificate
B. Mortgage deed
C. Warranty deed
D. Bill of sale
Question 3
A buyer purchases an owner ' s title-insurance policy. Does this mean that a proper title search is no longer necessary?
A. No, because title insurance covers only physical defects
B. No, title insurance and title examination serve related but different purposes
C. Yes, if the property is residential
D. Yes, title insurance replaces title examination completely
Question 4
When using the cost approach to appraise a building constructed many decades ago, which component is generally the most difficult to estimate reliably?
A. Property address
B. Accrued depreciation
C. Recording fee
D. Owner ' s mortgage balance
Question 5
Which feature would most commonly appear on a publicly recorded subdivision plat or plan?
A. Streets
B. Mercantile lines
C. Links
D. Locations of every future house
Solutions:
| Question 1 Answer: B | Question 2 Answer: D | Question 3 Answer: B | Question 4 Answer: B | Question 5 Answer: A |
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