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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
| National Portion | 67% | - Property Ownership
- 1. Encumbrances and easements
- 2. Land characteristics and legal descriptions
- 3. Types of ownership
- Agency Relationships and Duties
- 1. Disclosure requirements
- 2. Fiduciary responsibilities
- 3. Types of agency
- Valuation and Market Analysis
- 1. Market value vs cost vs price
- 2. Comparative Market Analysis
- 3. Appraisal methods
- Contracts
- 1. Elements of valid contracts
- 2. Listing and purchase agreements
- 3. Contingencies and amendments
- Real Estate Calculations
- 1. Commission and proration
- 2. Tax and investment math
- Transfer of Title
- 1. Closing procedures and costs
- 2. Deeds and title insurance
- Property Disclosures
- 1. Seller obligations
- 2. Hazard and environmental disclosures
- Financing
- 1. Mortgage types and terms
- 2. Loan qualification and closing
- 3. Lending regulations (RESPA, TILA)
- Real Estate Practice
- 1. Advertising and fair housing
- 2. Antitrust and business practices
- 3. License law and ethics
- Land Use Controls and Regulations
- 1. Environmental regulations
- 2. Public and private restrictions
- 3. Zoning and planning
|
| Massachusetts State Portion | 33% | - Massachusetts Real Estate Law
- 1. State-specific contract rules
- 2. Attorney role in transactions
- 3. Lead paint and environmental laws
- Landlord-Tenant Law
- 1. Lease requirements and obligations
- 2. Eviction and security deposit rules
- Fair Housing and Consumer Protection
- 1. Consumer protection regulations
- 2. Massachusetts anti-discrimination laws
- Board Regulations and Licensing
- 1. Powers and duties of the Board
- 2. Licensing requirements and renewal
- 3. Grounds for discipline
- State-Specific Practices
- 1. Transaction procedures
- 2. Agency and disclosure rules
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
Before it was recognized as a health hazard, asbestos was commonly used as insulation in residential and commercial construction because it is
- A. water resistant.
- B. an air purifier.
- C. repellent to common pests.
- D. fire resistant.
Reveal Solution
Discussion
Correct Answer: D 🗳️
Explanation: Only visible for PracticeTorrent members. You can sign-up / login (it's free).
A qualifying homeowner ' s property has a market value of $150,000. Property is assessed at 40% of market value, and the tax rate is $30 per $1,000 of assessed value. The homeowner receives a $1,000 tax exemption
/credit. What is the resulting tax?
- A. $800
- B. $1,000
- C. $1,800
- D. $2,400
Reveal Solution
Discussion
Correct Answer: A 🗳️
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While inspecting a tenant-occupied property, the buyer was told by the seller that the microwave oven would be included in the sale price. Upon possession, the buyer learned that the microwave oven belonged to the tenant and not the seller. Is the buyer entitled to the microwave oven?
- A. Yes, because all oral contracts for the sale of real property are enforceable.
- B. No, because the microwave was the real property of the tenant.
- C. No, because the seller did not have the right to include the microwave in the sale.
- D. Yes, because the buyer's offer to purchase included all real property.
Reveal Solution
Discussion
Correct Answer: C 🗳️
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A person leaves an estate as follows: 54% to a spouse, 18% to a daughter, 16% to a son, and the remainder to a church. The church receives $79,000. Approximately how much does the daughter receive?
- A. $79,000
- B. $118,500
- C. $142,200
- D. $98,750
Reveal Solution
Discussion
Correct Answer: B 🗳️
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A Massachusetts homeowner defaults on a residential mortgage and the property is sold through a completed mortgage foreclosure sale. Does Massachusetts generally give the borrower a statutory right to redeem the mortgage after the foreclosure auction has been completed?
- A. Yes, indefinitely
- B. No; Massachusetts generally recognizes an equitable redemption right before the foreclosure sale, not a post-sale statutory redemption period for mortgage foreclosure
- C. Yes, for one year
- D. Yes, for six months
Reveal Solution
Discussion
Correct Answer: B 🗳️
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