Real Estate Massachusetts-Real-Estate-Salesperson valid exam dumps : Massachusetts Real Estate Salesperson Exam

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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A subordination agreement is used to

A) assign rents to the lender in case of borrower default.
B) pledge property for a loan without giving up possession.
C) change the priority of mortgages.
D) initiate foreclosure proceedings.

2. A buyer files a complaint against a licensee with the Massachusetts Commission Against Discrimination (MCAD). MCAD denies the complaint because the buyer filed it too long after the discriminatory incident occurred. Within how many days after the alleged incident must a complaint be filed to be considered?

A) 300
B) 150
C) 200
D) 365

3. A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A) nonexclusive buyer-agency
B) exclusive right to sell
C) exclusive agency representation
D) nonexclusive right-to-lease

4. A rectangular lot contains 16,500 square feet. It has a depth of 150 feet. Each of two adjacent rectangular lots contains 4,950 square feet with a depth of 150 feet. What is the total street frontage of the three lots in linear feet?

A) 133
B) 159
C) 143
D) 176

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

Solutions: