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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A private integrated club refused to rent one of its condos to a minority family. The club explained that it did not rent the condos to the public since the condos were for members only. Is the club in violation of the federal Fair Housing Act, and if so, how?

A) No, because a private club may restrict the rental of its own lodgings to its members as long as the lodgings are not operated commercially.
B) No, because as an integrated club, they could discriminate on the basis of race in renting facilities.
C) Yes, because when race is involved, no exceptions to the federal Fair Housing Act exist.
D) Yes, because the club had minority members, and therefore was not eligible for exemptions from the federal Fair Housing Act.

2. If owners ask a broker not to show a property to recipients of government assistance, the broker must

A) Inform the Massachusetts Commission Against Discrimination.
B) Inform the Board of Registration.
C) Refuse the listing.
D) Accept the listing.

3. A buyer is purchasing a $625,000 property. The lender requires a 20% down payment to avoid mortgage insurance. The buyer provided $5,000 in earnest money. The buyer closing costs are $13,000. What is the amount the buyer must bring to settlement to close the transaction?

A) $143,000
B) $138,000
C) $133,000
D) $120,000

4. A salesperson's client is the lessee. Who does the salesperson represent?

A) tenant
B) lender
C) landlord
D) lien holder

5. In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. The broker has what type of agency relationship with the parties?

A) seller agency, no agency relationship with buyer
B) seller agency, buyer sub-agency
C) no agency relationship; in this situation the broker becomes a facilitator only
D) dual agency

Solutions: