The CE Shop - Massachusetts Real Estate License State Content Practice Exam Questions and Answers
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Course
The CE shop real estate
Institution
The CE Shop Real Estate
When done for others and for compensation, which of the following may be done by someone who does NOT hold a real estate license in Massachusetts? - Answer-Researching school districts and crime statistics for various neighborhoods.
Negotiating, selling, or offering to sell real estate all requ...
The CE Shop - Massachusetts Real
Estate License State Content Practice
Exam Questions and Answers
When done for others and for compensation, which of the following may be done by
someone who does NOT hold a real estate license in Massachusetts? - Answer-
Researching school districts and crime statistics for various neighborhoods.
Negotiating, selling, or offering to sell real estate all require a license if done for others
and for compensation. Research using public information doesn't require a real estate
license.
Lance purchased a home in Massachusetts, but he won't own any real estate - just
shares in a corporation. This is because his new home is _______. - Answer-A
cooperative.
Co-op doesn't involve owning real estate, but rather owning a proprietary lease and
shares in the corporation that owns the cooperative.
Randolph, a seller, has an open listing agreement with you. Randolph locates a buyer
himself. Who is owed a commission? - Answer-No one.
The open listing agreement provides very little protection for the agent's commission, as
commission is owed only to the agent who secures the buyer, and the seller reserves
the right to secure the buyer and avoid paying commission altogether.
Tammy received her license renewal notice from the Massachusetts board. When will
the renewal deadline occur? - Answer-On her birthday.
All license renewal deadlines fall on the licensee's birthday.
Which provision of the Massachusetts lease agreement identifies the start and end
dates of the contract? - Answer-Term.
The Term provision contains the beginning and end dates of tenancy.
Which agency implements and enforces Massachusetts fair housing laws? - Answer-
The Massachusetts Commission Against Discrimination.
MCAD investigates, implements, and enforces fair housing in Massachusetts.
,Emma, a Massachusetts licensed salesperson, wants to place an advertisement in
Brookline's local real estate magazine. What must she be sure to include? - Answer-Her
broker's complete information.
Massachusetts salespeople are prohibited from advertising independently, so her
broker's information must be included in all advertisements.
Gina is selecting properties to show to her buyer clients. They've specified a price range
of up to $325,000. Which of the following statements is true based on Massachusetts
fair housing laws?
A. Gina can choose to show her clients only properties in neighborhoods she deems
safe for families.
B. Gina can tell her clients that no properties in their price range are available in a
neighborhood if she thinks they won't fit in.
C. Gina isn't allowed to show the clients any properties over the stated price range.
D. Gina must give her clients the option of seeing any available property that meets
their criteria and price range. - Answer-D. Gina must give her clients the option of
seeing any available property that meets their criteria and price range.
Gina can't screen properties based on attributes she selects; she must present
information about available properties in her clients' price range, regardless of her
personal feelings about the location or other property attributes.
Which of the following circumstances would keep a landlord or seller in Massachusetts
from using any fair housing exemptions?
A. A real estate licensee is involved in the transaction.
B. The buyer or tenant has been convicted of a felony.
C. The housing is designated for senior use.
D. The landlord or seller has been guilty of previous fair housing violations. - Answer-A.
A real estate licensee is involved in the transaction.
Massachusetts recognizes no fair housing exemptions if a real estate licensee is
involved in the transaction.
Massachusetts licensees must complete their CE requirements for license renewal from
a curriculum approved by _____. - Answer-The Board of Registration of Real Estate
Brokers and Salespersons.
The Board of Registration of Real Estate Brokers and Salespersons approves curricula
for CE Requirements.
In Massachusetts, what special fair housing exemptions does an elderly or infirm owner
of a duplex have? - Answer-May choose to rent only to someone with no children.
, An owner-occupant of a property with three dwelling units or fewer who is elderly or
infirm, and for whom the presence of children could be a hardship, may refuse to rent to
families with children.
Mardee is representing Carol in the sale of her condo in Natick, and they've signed an
exclusive agency listing agreement. If Carol finds her own buyer, does she owe Mardee
a commission? - Answer-No, because Carol procured the buyer.
It's easy to confuse the types of listing agreements. With exclusive agency, the seller
retains the right to sell herself and not pay a commission. Exclusive right-to-sell
agreements guarantee payment to the listing agent no matter who brings the buyer.
Fleur's brokerage in Massachusetts should keep all related escrow account records for
____ years after a transaction closes. - Answer-Three.
Escrow account records must be kept for 3 years after closing or after the funds are
otherwise disbursed.
Under normal circumstances, how many conditions must be met in order for a
Massachusetts licensee to receive commission for a real estate transaction? - Answer-
Three.
Three conditions must be met: The broker must be the procuring cause. There must be
a contract between the buyer and seller. And the transaction must close.
Which of the following applicants meets the experience requirements for a broker
license in Massachusetts?
A. Jill is a certified residential appraiser and has a real estate degree.
B. Kerry has had a Massachusetts salesperson license for 30 months.
C. Maggie has been affiliated as a salesperson with a Massachusetts broker since May
1988.
D. Mike has held his Massachusetts salesperson license for 20 months and is working
on his real estate degree. - Answer-C. Maggie has been affiliated as a salesperson with
a Massachusetts broker since May 1988.
Candidates for a broker license must have at least 3 years of experience as a licensed
Massachusetts salesperson affiliated with a broker, so Maggie is the only person who
qualifies.
Massachusetts antitrust laws closely parallel federal laws. Which of the following actions
are prohibited under both federal and state law?
A. ABC Brokerage agrees to handle transactions in the east side of the city, and XYZ
Brokerage, the west side of the city.
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