Massachusetts Real Estate License Exam Practice – KGO CORRECT 100%
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Course
Massachusetts Real Estate
Institution
Massachusetts Real Estate
Emma, a Massachusetts licensed salesperson, wants to place an advertisement in Brookline's local real estate magazine. What must she be sure to include?
A. A fair housing statement
B. Her broker's complete information
C. Her email address
D. Her license number - ANSWER B
Evan bought in...
Massachusetts Real Estate License Exam
Practice – KGO CORRECT 100%
Emma, a Massachusetts licensed salesperson, wants to place an advertisement in Brookline's local real
estate magazine. What must she be sure to include?
A. A fair housing statement
B. Her broker's complete information
C. Her email address
D. Her license number - ANSWER B
Evan bought into a Massachusetts housing cooperative that's focused on cultural exchange. Each month
the co-op residents have dinner meetings and share food and culture from their respective regions.
When Evan made his purchase, he received a proprietary lease for his unit. What else did he receive?
A. Contract of mortgage
B. Deed
C. Plat maps
D. Shares in the cooperative corporation - ANSWER D
Sylvia, 15, and her neighbor, Marge, 24, agree that Sylvia will babysit Marge's toddler for the summer for
$10 an hour. What type of contract is this?
A. Enforceable
B. Unilateral
C. Valid
D. Voidable - ANSWER D
, Massachusetts requires that agency disclosures be given to consumers who are considering becoming
clients of a licensee. In what other circumstance must an agency disclosure be provided?
A. At an open house, to inform all attendees about types of agency available
B. When a licensee and client meet to discuss an offer
C. When an offer is made to a seller, to let all parties know who the licensee represents
D. When anyone comes into the brokerage office - ANSWER C
Which type of listing can help a real estate professional determine how quickly a home in a given price
range received an accepted offer?
A. Expired
B. Foreclosed
C. Pending
D. Withdrawn - ANSWER C
Jim represents Joel in the sale of Joel's country acreage and house. Jim's business partner, Rolly, is
interested in purchasing the property to subdivide. Which statement best represents the disclosure
requirements regarding this transaction?
A. Because Jim isn't buying the property for himself, he has no disclosure requirements.
B. Jim must disclose that he's partners with Rolly.
C. Jim must disclose that Rolly is his partner and that Rolly intends to subdivide the property to make a
profit.
D. Rolly must disclose that he and Jim are business partners. - ANSWER C
Dana lives in her Newport property nine months out of the year and uses it as a rental for the remaining
three months. Is she liable for paying an excise tax on her short-term rental?
A. No, because it only applies to short-term rentals of fewer than eight consecutive days.
B. No, because it's her primary residence for nine months out of the year.
, C. Yes, because it applies to residential short-term properties unless they are rented for fewer than 14
days per calendar year.
D. Yes. The excise applies to short-term rentals of any length. - ANSWER C
Chrissy lives in Lake Ridge Estates, a neighborhood in which no one is allowed to put up vinyl siding on
their homes. This HOA regulation is what kind of private land control?
A. CC&R
B. Deed restriction
C. Law
D. Regulation - ANSWER A
Gladys and her husband, Ralph, owned their Cambridge home as joint tenants. After Ralph died, Gladys
owned the home in severalty. When she dies, which of these will happen to her home?
A. Her heirs, as described in her will or according to state law, will receive the property.
B. Her home will transfer automatically to a co-owner.
C. The property will have no owner and must be sold at auction.
D. The property will revert to a remainderman. - ANSWER A
A real estate transaction has a closing date of May 20. The seller, who's responsible for closing costs up
to but not including the day of settlement, has already paid annual property taxes of $1,949. Using
calendar year proration, the seller will be ______ on the closing statement.
A. Credited $1,207
B. Credited $742
C. Debited $1,207
D. Debited $742 - ANSWER A
Related to reasonable accommodation of being allowed to have an assistance animal, which statement is
true?
, A. If the disability for which the tenant is making the request is obvious, the landlord may not ask why it
is needed.
B. If the disability is not obvious, the tenant must provide the landlord with full medical records to
support the request.
C. The landlord is not obligated to consider the request unless the tenant can produce either the original
or a certified true copy of the animal's service certification.
D. The landlord must consider the request but may require an additional "pet" security deposit. -
ANSWER A
Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 states that its
purpose, in part, is to require that real estate appraisals used in connection with federally related
transactions be performed ______.
A. By licensed real estate professionals
B. By members of the Appraisal Foundation
C. In the most expeditious and inexpensive way possible
D. In writing, and in accordance with uniform standards - ANSWER D
Which of these actions is the Board of Registration of Real Estate Brokers and Salespersons responsible
for performing?
A. Auditing brokerage escrow accounts to verify proper handling of earnest money
B. Auditing brokerage operational accounts to ensure the firm's financial stability
C. Examining brokerage contracts with salespeople to ensure compliance with employment laws
D. Examining brokerage policies and procedures manuals for compliance with ethical standards -
ANSWER A
Which of these is an example of commingling?
A. Mixing earnest money with personal funds
B. Mixing two earnest money deposits
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