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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A buyer files a complaint against a licensee with the Massachusetts Commission Against Discrimination (MCAD). MCAD denies the complaint because the buyer filed it too long after the discriminatory incident occurred. Within how many days after the alleged incident must a complaint be filed to be considered?

A) 200
B) 365
C) 300
D) 150

2. Which of the following is true about mortgage assumptions?

A) The buyer is relieved of personal liability.
B) The mortgagee automatically releases the seller upon receipt of a warranty deed.
C) The seller may or may not be released from liability.
D) The buyer is required to sign a new mortgage note.

3. A first-year licensee without either a degree in finance, or a strong background in real estate investment should generally refrain from

A) representing a first time home buyer.
B) representing an owner who wants to sell raw land to a developer.
C) acting as the seller's agent in selling an oceanfront lot to a retiree.
D) listing commercial income property.

4. Who establishes zoning ordinances?

A) the federal government
B) regional councils
C) individual states
D) local authorities

5. Which of the following property valuation estimates or reports would have to be prepared by a licensed or certified appraiser?

A) a comparative market analysis
B) a broker's price opinion
C) a value analysis for a non-residential property valued below $250,000
D) a reconciliation report for an FHA loan

Solutions: