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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A subordination agreement is used to

A) change the priority of mortgages.
B) assign rents to the lender in case of borrower default.
C) initiate foreclosure proceedings.
D) pledge property for a loan without giving up possession.

2. Which of the following are potential remedies for violating Massachusetts General Laws Chapter 93A?

A) 1 year probation
B) Double or triple damages, attorney's fees and court costs
C) Fine of not more than $11,000
D) Imprisonment

3. A married couple owns property as tenants by the entirety. If they were to divorce, their ownership would be

A) Tenancy in severalty.
B) Joint tenancy.
C) Tenancy by the entirety.
D) Tenancy in common.

4. A broker received a birthday check from a client. The broker decided to put it in the escrow account because it was from a client. This is

A) conversion.
B) acceptable if the client has had a transaction within the last 18 months.
C) commingling.
D) acceptable if the check was written on the client's business account.

5. Which of the following is among the typical responsibilities of a residential property manager?

A) selecting tenants to provide a diverse environment
B) making decisions about structural changes that will enhance the property value
C) requesting that the tenant's employer withhold the past due rent from wages
D) negotiating leases between the property owner and potential tenants

Solutions: