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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A motel is the subject of an appraisal and it is determined that a rerouting of a county highway has limited customer access to the motel. This is an example of

A) regression.
B) landlocked property.
C) economic obsolescence.
D) functional obsolescence.

2. Which of the following is true about a competitive market analysis?

A) It is usually based on local tax assessment.
B) It is employed for insurance purposes.
C) It is useful to the buyer as well as to the seller.
D) It is used to establish depreciable value.

3. A licensee listed a property that had an unfinished garage. The licensee received an offer subject to the garage being finished. Was a contractual obligation created?

A) Yes, because a definite and certain offer was made by the buyer.
B) No, because contractual obligations must be in writing and notarized.
C) Yes, because both the seller and buyer offered to enter into a contract.
D) No, because the seller has not accepted the offer.

4. On which of the following must the landlord pay interest when collecting first month, last month, and security deposit?

A) First month only
B) Last month only
C) Security deposit and last month
D) Only if they are deposited in an interest-bearing account

5. The Massachusetts State Sanitary Code requires

A) The property owner to provide a refrigerator in working order.
B) A stove in good repair in any rental unit.
C) Tenants to pay for their own water and/or sewer costs.
D) Separate meters for all heating and electric systems.

Solutions: