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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

Inactive salespersons are permitted to perform which of the following activities?

A. Refer potential listings to an active broker in exchange for a fee from the active broker.
B. Refer potential buyers to an active salesperson in exchange for a fee from the salesperson.
C. Affiliate with inactive brokers.
D. List homes by telephone.

Question 2

What does the acronym PETE represent in relation to governmental powers affecting private real estate?

A. Police power, Eminent domain, Taxation, Escheat
B. Possession, Easement, Title, Encroachment
C. Police power, Equity, Title, Eminent domain
D. Partition, Estate, Tenancy, Easement

Question 3

A mortgage has an interest rate that can periodically increase or decrease according to changes in a specified financial index or benchmark. What type of mortgage is this?

A. Reverse mortgage
B. Adjustable-rate mortgage
C. Blanket mortgage
D. Fixed-rate mortgage

Question 4

Which of the following is generally not required merely for a deed to be valid between the parties?

A. An identifiable grantee
B. A legally competent grantor
C. Delivery and acceptance
D. Recording at the Registry of Deeds

Question 5

A property owner has the right to sell, lease, mortgage, give away, or otherwise transfer an ownership interest in real estate. Which element of the bundle of rights describes this power?

A. Alienation
B. Exclusion
C. Disposition
D. Possession

Solutions: