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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Which of the following is used in the cost approach when estimating the value of improvements?

A) The assessed value of the property including the land.
B) How much it would cost to build a similar building at today's cost.
C) The price per square foot of comparable properties.
D) Location, available financing, and depreciation.

2. An owner has a freestanding cabinet that was custom-built to fit an alcove of the living room. When the owner sells the home, the cabinet will be best described as

A) personal property.
B) an appurtenance.
C) real property.
D) a fixture.

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

4. The city wishes to purchase a parcel of property to be used as a cloverleaf for access to the nearby interstate.
The landowner refuses to sell. To acquire title to the property, the city will initiate a process of

A) negotiation.
B) accession.
C) escheat.
D) condemnation.

5. A broker lists a property for ninety days. A buyer stops at the owner's residence and makes an offer for the property, which the owner accepts. The broker has no knowledge of the sales agreement between the buyer and the owner. The broker is entitled to a commission from the sale if the agreement the broker had with the owner was a(n)

A) Exclusive right-to-sell listing.
B) Open listing.
C) Net listing.
D) Exclusive agency listing.

Solutions: