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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Which of the following is used in the cost approach when estimating the value of improvements?

A) The assessed value of the property including the land.
B) How much it would cost to build a similar building at today's cost.
C) Location, available financing, and depreciation.
D) The price per square foot of comparable properties.

2. Based on the common law of agency, which of the following would always be an agent's duty?

A) placing the interests of the principal above all others, including the agent's own interests
B) disclosing that the reason a client is selling is an impending divorce
C) analyzing the preliminary title report and advising the buyer regarding exceptions listed
D) hiring a contractor to repair a listing with a leaky roof

3. A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A) nonexclusive buyer-agency
B) nonexclusive right-to-lease
C) exclusive agency representation
D) exclusive right to sell

4. An appraisal made by a certified appraiser is required

A) before real property can transfer from one owner to another.
B) before any property settlement in a divorce.
C) when heirs receive property.
D) when the buyer is using an FHA loan to purchase.

5. A rectangular lot contains 16,500 square feet. It has a depth of 150 feet. Each of two adjacent rectangular lots contains 4,950 square feet with a depth of 150 feet. What is the total street frontage of the three lots in linear feet?

A) 133
B) 159
C) 143
D) 176

Solutions: