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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. 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) repellent to common pests.
C) fire resistant.
D) an air purifier.

2. What kind of lease would require the lessee to pay the taxes, insurance, repairs, and other operating expenses of the premises in addition to the regular rental payment?

A) gross lease
B) net lease
C) percentage lease
D) graduated lease

3. A buyer is purchasing a 3-acre property and is paying $12,000 per acre. The cooperating fee is 3½% of the sale price. The buyer's agent will receive 55% of the cooperating fee from a broker. How much commission did the buyer's agent receive?

A) $231
B) $1,386
C) $1,260
D) $693

4. A building was purchased for $350,000 with a 20% down payment. If the lender charged the buyer three discount points, how much will the buyer need to close?

A) $61,600
B) $78,400
C) $360,500
D) $80,500

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

Solutions: