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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: National Portion | 67% | - Financing
|
| Topic 2: Massachusetts State Portion | 33% | - Fair Housing and Consumer Protection
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
A buyer and seller sign a purchase-and-sale agreement on August 15, with closing scheduled for September
15. Between signing and closing, the agreement is best classified as:
- A. Invalid
- B. Executed
- C. Executory
- D. Voidable
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Which statement correctly describes an option to purchase real estate?
- A. The optionee must purchase immediately upon signing
- B. The optionor may decide whether the optionee is permitted to purchase after exercise
- C. The optionee receives the right, but not initially the obligation, to purchase on stated terms during the option period
- D. Both parties are immediately obligated to close
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A buyer ' s earnest-money check has been deposited into the broker ' s escrow account while the transaction remains pending. Which statement best describes the money?
- A. It becomes the broker ' s money immediately
- B. It automatically belongs to the salesperson who obtained the offer
- C. It is held in trust/escrow pending proper disposition under the transaction
- D. It automatically belongs to the seller once deposited
Explanation: Only visible for TestBraindump members. You can sign-up / login (it's free).
For Massachusetts real-estate brokerage recordkeeping, transaction and escrow records generally must be retained for at least:
- A. One year
- B. Three years
- C. Ten years
- D. Two years
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Which practice commonly results from blockbusting?
- A. Redlining
- B. Blind advertising
- C. Trust busting
- D. Panic peddling
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