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Real Estate Massachusetts Real Estate Salesperson Sample Questions:
1. The Massachusetts Consumer Protection Act requires that
A) The broker disclose known material defects.
B) The buyer be informed of all offers.
C) The seller disclose all offers received.
D) The seller's information be kept confidential.
2. If a lender has granted a VA-guaranteed loan to a veteran, the veteran
A) cannot apply for another VA loan in the veteran's lifetime.
B) makes the down payment directly to the VA.
C) cannot prepay any of the principal amount of the loan.
D) may sell the property to another veteran who assumes the loan.
3. When performing its duties, the Board of Registration protects and safeguards the interests of the
A) Governor's office.
B) General public.
C) State legislature.
D) Licensees.
4. A 2-year lease on a property has expired. The owner permits the tenant to remain in the house while a new lease is being negotiated. Which of the following types of interest does the tenant now have?
A) tenancy in common
B) tenancy from year to year
C) tenancy at sufferance
D) tenancy at will
5. Which of the following assurances is provided to home buyers who purchase a $75,000 property with an FHA- insured mortgage?
A) The property is not subject to eminent domain.
B) The property has been appraised for value.
C) The neighborhood values will increase.
D) A down payment is not required.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: B |
