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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Which of the following is used in the cost approach when estimating the value of improvements?

A) The price per square foot of comparable properties.
B) Location, available financing, and depreciation.
C) How much it would cost to build a similar building at today's cost.
D) The assessed value of the property including the land.

2. Which of the following statements about the leasing of apartments in Massachusetts is correct?

A) Tenancies at will are enforceable under the law.
B) Leases terminate when the property is sold.
C) Interest on security deposits begins after the first year of tenancy.
D) Death of the landlord terminates residential leases.

3. The Massachusetts Consumer Protection Act (M.G.L. c. 93A) does NOT apply to which of the following persons?

A) Builders who sell fewer than ten homes a year
B) Listing brokers who receive only a percentage of commissions
C) Owners who sell their homes privately
D) Salespersons since they are obligated to their employing brokers only

4. A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two- car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck.
The ranch house is most likely to sell for around

A) $148,500
B) $128,500
C) $123,500
D) $147,500

5. A real estate licensee is a partial owner of a local inspection company. It is permissible for the licensee to tell all clients to use this company when

A) the licensee does not know any of the other title companies in the area.
B) it is in the best interest of the client.
C) the licensee discloses the interest in the company to the client.
D) the client does not ask for other recommendations.

Solutions: