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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. What type of relationship does NOT require confidentiality?

A) Facilitator
B) Seller agency
C) Dual agency
D) Buyer agency

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

3. If a seller defaults in performance of a contract, any of the following actions would be likely to help the buyer recover any losses EXCEPT

A) bringing an action against the seller for payment of compensatory damages.
B) filing a complaint with the Real Estate Commission.
C) suing the seller for specific performance.
D) canceling the contract and recovering the earnest money.

4. Which of the following groups are protected under the Massachusetts Fair Housing Laws?

A) Sex offenders
B) Smokers
C) Students
D) Public assistance recipients

5. On which of the following must the landlord pay interest when collecting first month, last month, and security deposit?

A) Last month only
B) Only if they are deposited in an interest-bearing account
C) Security deposit and last month
D) First month only

Solutions: