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

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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

A mortgage provides that, if the borrower sells or transfers the property, the lender may declare the remaining loan balance immediately due. What clause is this?

  • A. Alienation/due-on-sale clause
  • B. Defeasance clause
  • C. Exculpatory clause
  • D. Habendum clause
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Correct Answer: A  🗳️

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A residence has severely outdated plumbing and an obsolete floor plan that reduce its market appeal. What type of depreciation does this represent?

  • A. Physical deterioration only
  • B. Functional obsolescence
  • C. Appreciation
  • D. External obsolescence
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Correct Answer: B  🗳️

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A single loan is secured by both real estate and personal property, such as a furnished vacation property together with its furniture and appliances. What type of financing is this commonly called?

  • A. Package loan
  • B. Reverse mortgage
  • C. Blanket loan
  • D. Open-end mortgage
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Correct Answer: A  🗳️

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Before a Massachusetts consumer ordinarily files a Chapter 93A consumer claim alleging unfair or deceptive business conduct, what document must generally be sent to the business?

  • A. Lis pendens
  • B. Thirty-day demand letter
  • C. Ten-day eviction notice
  • D. Mortgage commitment
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Correct Answer: B  🗳️

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A Massachusetts licensee wants to represent both the buyer and seller in the same transaction. What is required?

  • A. Only the seller ' s verbal permission
  • B. Nothing, dual agency is automatic
  • C. Informed consent from both parties in accordance with Massachusetts requirements
  • D. Only the buyer ' s permission after closing
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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