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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) federal fair housing laws.
C) Blue-Sky laws.
D) Equal Credit Opportunity Act.

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

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

3. 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) percentage lease
D) net lease

4. Time is of the essence means

A) the closing must occur as soon as possible.
B) time limits set forth in the contract must be carefully observed.
C) every act under the contract must be performed on the exact date specified.
D) time limits stated in the contract may not be modified, even by mutual agreement of the parties.

5. The Massachusetts Sanitary Code requires landlords to

A) Maintain their properties in a safe and habitable condition.
B) Notify a tenant 24 hours prior to entering a property.
C) Provide a statement of condition within 30 days of the lease.
D) Inspect the property every six months.

Solutions: