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

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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Which of the following types of agreements applies when the seller retains the right to sell?

A) MLS Listing
B) Exclusive Right to Sell Listing
C) Net Listing
D) Exclusive Agency Listing

2. 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) canceling the contract and recovering the earnest money.
C) filing a complaint with the Real Estate Commission.
D) suing the seller for specific performance.

3. In a jurisdiction where a seller's property condition disclosure is required, the licensee is responsible for

A) ensuring that the buyer receives the property disclosure before the contract is finalized.
B) checking the disclosure for accuracy and ensuring that the buyer receives it before closing.
C) completing the property condition disclosure.
D) ensuring that the seller complete the property condition disclosure before closing.

4. To be legally binding, a listing agreement can be signed for the owner by the

A) trust beneficiary acting under a valid trust.
B) owner's heirs apparent.
C) attorney-in-fact.
D) broker, upon telephone instructions from the owner.

5. A buyer receives a seller's property condition disclosure in which the buyer's agent believes the seller has misrepresented the condition of the property. The buyer's agent should

A) remain silent as the agent does not know for certain that the seller has misrepresented the property.
B) recommend that the buyer withdraw from the transaction.
C) point out this concern to the buyer and recommend further inspection or investigation before proceeding.
D) call the listing agent and express this concern.

Solutions: