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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A) nonexclusive right-to-lease
B) exclusive agency representation
C) nonexclusive buyer-agency
D) exclusive right to sell

2. Which of the following property valuation estimates or reports would have to be prepared by a licensed or certified appraiser?

A) a comparative market analysis
B) a reconciliation report for an FHA loan
C) a value analysis for a non-residential property valued below $250,000
D) a broker's price opinion

3. Active licensees renewing a real estate license must have completed how many hours of continuing education during the two years prior to the scheduled renewal?

A) Four
B) Twelve
C) Sixteen
D) Six

4. Prospective buyers for a house want to operate a recycling center in their backyard. Local zoning laws do not allow this. What do they need to do first?

A) Obtain a variance or special exception.
B) Obtain a modification to the local master plan.
C) Obtain a building permit.
D) File an appeal with the local court.

5. 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) graduated lease
B) percentage lease
C) gross lease
D) net lease

Solutions: