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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. The Massachusetts Consumer Protection Act (M.G.L. c. 93A) does NOT apply to which of the following persons?

A) Owners who sell their homes privately
B) Builders who sell fewer than ten homes a year
C) Salespersons since they are obligated to their employing brokers only
D) Listing brokers who receive only a percentage of commissions

2. The common area of a condominium development is owned by

A) its duly elected Board of Directors.
B) all owners as tenants in common.
C) any individuals who pay a prorated share of the taxes and maintenance.
D) those owners who were original owners of the units.

3. The Massachusetts Consumer Protection Act requires that

A) The seller's information be kept confidential.
B) The buyer be informed of all offers.
C) The broker disclose known material defects.
D) The seller disclose all offers received.

4. A buyer wants to purchase a home for $275,000 with a 20% down payment. The lender charges 2.25 points.
How much money does the buyer need up front to make the purchase?

A) $55,000
B) $59,950
C) $56,238
D) $61,188

5. A buyer makes an offer on a property and asks the Seller's broker to recommend a good home inspector. The Seller's broker may

A) Provide a list of no fewer than 20 licensed home inspectors in the county where the property is located.
B) Provide the complete list of home inspectors prepared by the Commonwealth of Massachusetts.
C) Provide business cards of local home inspectors.
D) Recommend a specific home inspector.

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