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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A home warranty for a previously owned home would usually cover which of the following items?

A) major appliances and home systems such as electric, heating, and plumbing
B) only home systems such as the roof, plumbing, and foundation
C) structure or flooding issues after closing
D) major appliances, the buyer's personal property, and any seller added fixtures

2. The Massachusetts Consumer Protection Act (M.G.L. c. 93A)

A) Prohibits use of only deceptive practices in landlord-tenant law.
B) Prohibits use of unfair and deceptive practices in business.
C) Protects homeowners who sell their homes without a broker.
D) Protects tenants from personal property disputes.

3. To avoid triggering full disclosure under TILA when advertising financing availability on a listed property, which of the following statements must a real estate licensee avoid using?

A) buy for less than $650 per month
B) owner willing to finance
C) assumable loan
D) FHA and VA financing available

4. A 2-year lease on a property has expired. The owner permits the tenant to remain in the house while a new lease is being negotiated. Which of the following types of interest does the tenant now have?

A) tenancy at will
B) tenancy from year to year
C) tenancy at sufferance
D) tenancy in common

5. 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) An option is a promise by the optionee to enter into a contract in the future.
C) The consideration for the option right, plus interest, will be automatically applied to the purchase price if the option is exercised.
D) The potential buyer is the optionor and the seller is the optionee.

Solutions: