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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A salesperson owns an apartment complex in Boston. The salesperson has decided to advertise the property for sale in a local newspaper and personally sell it. If the salesperson proceeds in this manner, the salesperson is

A) Violating the law because the salesperson is not a broker and cannot advertise.
B) Not violating the law because the salesperson has all the rights of a non-salesperson owner.
C) Violating the law because a salesperson may not sell an income-producing property.
D) Not violating the law because the broker-salesperson distinction does not apply to commercial properties.

2. Which type of deed provides the purchaser of real estate the greatest protection?

A) deed in trust
B) trustee's deed
C) general warranty deed
D) quitclaim deed

3. A person acquires an option to purchase a parcel of another person's land. Which of the following statements is correct?

A) An option is a promise by the optionee to enter into a contract in the future.
B) The consideration for the option right, plus interest, will be automatically applied to the purchase price if the option is exercised.
C) The potential buyer is the optionor and the seller is the optionee.
D) The terms and conditions of the sale must be stated if the option is to be a valid contract.

4. A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker's right to be compensated and to work with other clients, this means that during the term of this agreement, the broker

A) is entitled to compensation even if the buyer purchases a property that they locate.
B) is only due compensation if the buyer purchases one of the broker's listings.
C) must be compensated by the seller.
D) may not show a property to other buyers until the buyer decides if they want to make an offer.

5. To be legally binding, a listing agreement can be signed for the owner by the

A) attorney-in-fact.
B) trust beneficiary acting under a valid trust.
C) owner's heirs apparent.
D) broker, upon telephone instructions from the owner.

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