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

SectionWeightObjectives
Topic 1: General Real Estate Knowledge67%- Contracts
  • 1. Contract Law
  • 2. Leases
  • 3. Purchase Agreements
- Laws of Agency
  • 1. Disclosure Requirements
  • 2. Agency Relationships
  • 3. Duties of Agents
- Financing
  • 1. Loan Qualification
  • 2. Financing Instruments
  • 3. Mortgage Types
- Real Estate Practice
  • 1. Transfer of Title
  • 2. Listings
  • 3. Settlement Procedures
- Valuation and Market Analysis
  • 1. Appraisal Principles
  • 2. Market Value
  • 3. Comparative Market Analysis
- Property Ownership
  • 1. Types of Ownership
  • 2. Land Characteristics
  • 3. Property Rights
Topic 2: Massachusetts Real Estate Law33%- Licensing Requirements
  • 1. Salesperson Licensing Rules
  • 2. License Renewal
  • 3. Continuing Education
- Massachusetts Real Estate Practices
  • 1. Agency Disclosure
  • 2. Advertising Rules
  • 3. Escrow Requirements
- Massachusetts License Law
  • 1. Consumer Protection
  • 2. Board Regulations
  • 3. Disciplinary Actions

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Under the Equal Credit Opportunity Act, a mortgage lender may not deny an otherwise qualifying applicant merely because the applicant is:

  • A. Unable to meet the lender ' s credit standards
  • B. Unmarried
  • C. Unable to document income
  • D. Carrying excessive debt relative to income
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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A buyer purchases real estate under an installment land contract. Before all contractual payments are completed and legal title is delivered, what interest does the buyer generally possess?

  • A. Fee-simple legal title immediately
  • B. Tenancy by the entirety
  • C. Equitable title
  • D. No property interest whatsoever
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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At a real estate closing, a seller signs a sworn statement concerning matters such as ownership, liens, possession, and other circumstances affecting title. What is this document commonly called?

  • A. Certificate of occupancy
  • B. Affidavit of title
  • C. Listing affidavit
  • D. Mortgage note
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Richard, a real estate agent, refuses to show a Muslim family a house because he believes the neighborhood is not "Muslim-friendly" and instead directs them elsewhere. What prohibited practice is this?

  • A. Steering
  • B. Redlining
  • C. Puffing
  • D. Blockbusting
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Which of the following is incorrect regarding carbon monoxide inspection?

  • A. The inspection must be completed as a prerequisite to sell a residential property burning fossil fuel.
  • B. The inspection must be completed by the local fire department.
  • C. There is no additional fee if the inspection is done at the same time as the smoke detector inspection.
  • D. The inspection must be completed by a building inspector.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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