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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. The Massachusetts Consumer Protection Act (M.G.L. c. 93A) does NOT apply to which of the following persons?

A) Owners who sell their homes privately
B) Builders who sell fewer than ten homes a year
C) Listing brokers who receive only a percentage of commissions
D) Salespersons since they are obligated to their employing brokers only

2. Before it was recognized as a health hazard, asbestos was commonly used as insulation in residential and commercial construction because it is

A) fire resistant.
B) an air purifier.
C) water resistant.
D) repellent to common pests.

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

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

4. A licensee must provide disclosure of licensed status when acting as a principal if

A) any relative of the licensee has ever lived in the residence.
B) the licensee has any economic interest in the property.
C) the licensee does not have errors and omission insurance.
D) the agent of the other party asks about this specifically.

5. 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) 365
B) 150
C) 300
D) 200

Solutions: