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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Real Estate Knowledge | 67% | - Contracts
|
| Topic 2: Massachusetts Real Estate Law | 33% | - Licensing Requirements
|
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
Correct Answer: B 🗳️
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
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
Correct Answer: C 🗳️
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
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
Correct Answer: B 🗳️
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
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
Correct Answer: A 🗳️
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
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.
Correct Answer: D 🗳️
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
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