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

2. Which of the following assurances is provided to home buyers who purchase a $75,000 property with an FHA- insured mortgage?

A) The neighborhood values will increase.
B) The property has been appraised for value.
C) A down payment is not required.
D) The property is not subject to eminent domain.

3. A salesperson owns an apartment complex in Boston. The salesperson has decided to advertise the property for sale in a local newspaper and personally sell it. If the salesperson proceeds in this manner, the salesperson is

A) Not violating the law because the broker-salesperson distinction does not apply to commercial properties.
B) Violating the law because the salesperson is not a broker and cannot advertise.
C) Not violating the law because the salesperson has all the rights of a non-salesperson owner.
D) Violating the law because a salesperson may not sell an income-producing property.

4. A subordination agreement is used to

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

5. A licensee whose license has been suspended is required to

A) Do nothing; no action is required.
B) Surrender the license to the Board of Registration.
C) Appeal the decision within 14 days.
D) Stop working, but may still make referrals.

Solutions: