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Real Estate Massachusetts Real Estate Salesperson Sample Questions:
1. If a lender has granted a VA-guaranteed loan to a veteran, the veteran
A) may sell the property to another veteran who assumes the loan.
B) makes the down payment directly to the VA.
C) cannot apply for another VA loan in the veteran's lifetime.
D) cannot prepay any of the principal amount of the loan.
2. If a deed creating a tenancy in common does NOT state the fractional interest of each co-owner, it
A) becomes a joint tenancy.
B) must be determined by a majority vote of the tenants.
C) is void.
D) is presumed each owner has an equal interest.
3. Which of the following acts does NOT require notifying the Board of Registration?
A) A broker conducts business under the broker's own name.
B) A broker commences business under the trade name of ABC Realty.
C) A broker changes his or her mailing address.
D) A salesperson terminates employment with one broker and affiliates with another.
4. A couple enters into a purchase contract to buy a house, and their parents are providing a $5,000 earnest money check. The check is deposited in the listing broker's escrow account. The buyers are unable to get financing, and the contract provides for return of the earnest money to the buyers. The buyers and seller agree in writing to the release of the earnest money. The listing broker should
A) issue a $5,000 check to the parents.
B) return the earnest money check, minus expenses, to the parents.
C) return the earnest money check, minus expenses, to the buyers.
D) issue a $5,000 check to the buyers.
5. Which of the following property valuation estimates or reports would have to be prepared by a licensed or certified appraiser?
A) a value analysis for a non-residential property valued below $250,000
B) a broker's price opinion
C) a reconciliation report for an FHA loan
D) a comparative market analysis
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |




