Real Estate Massachusetts-Real-Estate-Salesperson : Massachusetts Real Estate Salesperson Exam

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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. While inspecting a tenant-occupied property, the buyer was told by the seller that the microwave oven would be included in the sale price. Upon possession, the buyer learned that the microwave oven belonged to the tenant and not the seller. Is the buyer entitled to the microwave oven?

A) No, because the microwave was the real property of the tenant.
B) Yes, because all oral contracts for the sale of real property are enforceable.
C) Yes, because the buyer's offer to purchase included all real property.
D) No, because the seller did not have the right to include the microwave in the sale.

2. An appraisal made by a certified appraiser is required

A) when the buyer is using an FHA loan to purchase.
B) before real property can transfer from one owner to another.
C) when heirs receive property.
D) before any property settlement in a divorce.

3. A subordination agreement is used to

A) change the priority of mortgages.
B) initiate foreclosure proceedings.
C) pledge property for a loan without giving up possession.
D) assign rents to the lender in case of borrower default.

4. An escrow or trust account is often held by a lender to pay

A) mortgage payments.
B) property taxes and insurance payments.
C) interest on a loan.
D) the bank's outstanding invoices.

5. According to the Massachusetts Fair Housing Law, it is unlawful to ask prospective tenants questions about their

A) Place of birth.
B) Income.
C) Occupation.
D) Criminal history.

Solutions: