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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. What is the difference between a license to use property and an easement?

A) There must be consideration paid for an easement.
B) An easement can be cancelled by the issuer.
C) There must be consideration paid for a license.
D) A license can be cancelled by the issuer.

2. Which of the following acts does NOT require notifying the Board of Registration?

A) A broker changes his or her mailing address.
B) A salesperson terminates employment with one broker and affiliates with another.
C) A broker commences business under the trade name of ABC Realty.
D) A broker conducts business under the broker's own name.

3. Which of the following activities may result in a fine from the Massachusetts Commission Against Discrimination (MCAD) against a licensee?

A) Knowingly making any substantial misrepresentation
B) Acting in the dual capacity of broker and undisclosed principal in the same transaction
C) Blockbusting
D) Failing to give both the buyer and the seller a copy of the purchase and sales agreement

4. A broker has been engaged to locate a property for a buyer. The broker has determined that a suitable property for the buyer is for sale and is owned by the broker's cousin. The broker has not informed the buyer of the broker's relationship with the owner. If the buyer purchases the property under these circumstances, the broker is

A) Not violating the license law because a relative's interest is an exception to the fiduciary duty rule.
B) Violating the license law because a relative's interest shall be made known to all parties.
C) Not violating the license law because the broker in this situation has no duty of disclosure.
D) Violating the license law because it is illegal to purchase family property for a principal.

5. Disclosure of licensee relationships to prospective buyers and sellers is required

A) When discussing any real estate issue.
B) At the first personal meeting to discuss a specific single-family property.
C) When responding to a telephone or internet inquiry.
D) When listing commercial properties.

Solutions: