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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A motel is the subject of an appraisal and it is determined that a rerouting of a county highway has limited customer access to the motel. This is an example of

A) functional obsolescence.
B) regression.
C) economic obsolescence.
D) landlocked property.

2. In a firm whose business model is designated agency, who represents the client named in the consumer licensee disclosure form?

A) All other designated seller agents
B) All the licensees
C) Only the individual agent(s) named on the consumer licensee disclosure form
D) All other designated buyer agents

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

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

4. While inspecting a tenant-occupied property, the buyer was told by the seller that the microwave oven would be included in the sale price. Upon possession, the buyer learned that the microwave oven belonged to the tenant and not the seller. Is the buyer entitled to the microwave oven?

A) No, because the seller did not have the right to include the microwave in the sale.
B) No, because the microwave was the real property of the tenant.
C) Yes, because the buyer's offer to purchase included all real property.
D) Yes, because all oral contracts for the sale of real property are enforceable.

5. If a deed creating a tenancy in common does NOT state the fractional interest of each co-owner, it

A) is presumed each owner has an equal interest.
B) becomes a joint tenancy.
C) is void.
D) must be determined by a majority vote of the tenants.

Solutions: