Real Estate Massachusetts-Real-Estate-Salesperson : Massachusetts Real Estate Salesperson Exam

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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question #1
An example of modular construction is

A. an apartment building.
B. prefabricated housing.
C. a home used as a model.
D. a log cabin.

Question #2
RESPA generally applies to covered residential settlement-service transactions involving:

A. Every transfer of personal property
B. Every cash purchase of vacant land
C. Every commercial lease
D. A federally related mortgage loan

Question #3
Two licensees work for the same Massachusetts brokerage. One represents the seller and another separately represents the buyer, and each is charged with advocating exclusively for that client ' s interests with the legally required consent. What brokerage model is being used?

A. Facilitation only
B. Designated agency
C. Subagency
D. Undisclosed dual agency

Question #4
A country home sells for $385,000, and the brokerage receives a commission of $30,800. What was the commission rate?

A. 6%
B. 8%
C. 10%
D. 7%

Question #5
Which action, standing alone, is generally not a violation of RESPA Section 8?

A. Paying a broker solely for directing settlement-service business
B. Recommending a particular lender to a buyer without receiving a prohibited referral fee
C. Receiving an unearned portion of a settlement charge
D. Accepting cash solely for referring a buyer to a lender

Solutions: