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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A person acquires an option to purchase a parcel of another person's land. Which of the following statements is correct?

A) The terms and conditions of the sale must be stated if the option is to be a valid contract.
B) The potential buyer is the optionor and the seller is the optionee.
C) The consideration for the option right, plus interest, will be automatically applied to the purchase price if the option is exercised.
D) An option is a promise by the optionee to enter into a contract in the future.

2. A married couple owns property as tenants by the entirety. If they were to divorce, their ownership would be

A) Joint tenancy.
B) Tenancy by the entirety.
C) Tenancy in severalty.
D) Tenancy in common.

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

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

4. A licensee whose license has been suspended is required to

A) Surrender the license to the Board of Registration.
B) Stop working, but may still make referrals.
C) Appeal the decision within 14 days.
D) Do nothing; no action is required.

5. 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) All other designated buyer agents
D) Only the individual agent(s) named on the consumer licensee disclosure form

Solutions: