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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Active licensees renewing a real estate license must have completed how many hours of continuing education during the two years prior to the scheduled renewal?

A) Four
B) Sixteen
C) Twelve
D) Six

2. A veteran has applied for a VA loan to purchase a house with a sale price of $90,000. The Department of Veterans Affairs (VA) appraised the house at $85,000. In this situation, the veteran

A) may buy the property with the VA loan only if the seller agrees to take back a second mortgage for
$5,000.
B) cannot secure a VA loan because such loans are limited to a maximum of $75,000.
C) may use the VA loan to buy the house after making a down payment of $5,000.
D) may buy the property with the VA loan only if the price is reduced to $85,000.

3. A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A) nonexclusive buyer-agency
B) exclusive agency representation
C) exclusive right to sell
D) nonexclusive right-to-lease

4. A broker has a single agency relationship with the seller. Any required property condition disclosure would be completed by the

A) listing agent on behalf of broker.
B) seller.
C) broker.
D) listing agent on behalf of seller.

5. A buyer is purchasing a 3-acre property and is paying $12,000 per acre. The cooperating fee is 3½% of the sale price. The buyer's agent will receive 55% of the cooperating fee from a broker. How much commission did the buyer's agent receive?

A) $1,386
B) $1,260
C) $231
D) $693

Solutions: