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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A couple enters into a purchase contract to buy a house, and their parents are providing a $5,000 earnest money check. The check is deposited in the listing broker's escrow account. The buyers are unable to get financing, and the contract provides for return of the earnest money to the buyers. The buyers and seller agree in writing to the release of the earnest money. The listing broker should

A) issue a $5,000 check to the buyers.
B) issue a $5,000 check to the parents.
C) return the earnest money check, minus expenses, to the buyers.
D) return the earnest money check, minus expenses, to the parents.

2. A landlord may require that a disabled tenant

A) pay an additional fee for using the swimming pool to cover the added insurance cost.
B) pay double the usual $500 security deposit.
C) remove the wheelchair ramp from the apartment upon vacating the unit.
D) not install grab bars in the tile shower if drilling holes in the tile is required.

3. In a firm whose business model is designated agency, who represents the client named in the consumer licensee disclosure form?

A) All the licensees
B) All other designated seller agents
C) Only the individual agent(s) named on the consumer licensee disclosure form
D) All other designated buyer agents

4. Which type of deed provides the purchaser of real estate the greatest protection?

A) trustee's deed
B) general warranty deed
C) deed in trust
D) quitclaim deed

5. Multi-ethnic families were beginning to move into a neighborhood that had previously been all one ethnicity.
A local broker passed out flyers to homeowners that said, "Sell now before it's too late! We have beautiful new homes with attractive financing and good schools." These flyers would likely be viewed by the courts as

A) steering.
B) good marketing.
C) redlining.
D) blockbusting.

Solutions: