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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A buyer and seller agreed upon a selling price for a property and both signed a written agreement. As part of the contract, the buyer reserved the right to cancel the sale if the buyer's house, which was on the market, did not sell within 30 days. This contract is

A) an implied contract.
B) an executed contract.
C) an executory contract.
D) a unilateral contract.

2. A broker lists a property for ninety days. A buyer stops at the owner's residence and makes an offer for the property, which the owner accepts. The broker has no knowledge of the sales agreement between the buyer and the owner. The broker is entitled to a commission from the sale if the agreement the broker had with the owner was a(n)

A) Net listing.
B) Open listing.
C) Exclusive right-to-sell listing.
D) Exclusive agency listing.

3. The Massachusetts Consumer Protection Act (M.G.L. c. 93A)

A) Prohibits use of unfair and deceptive practices in business.
B) Protects tenants from personal property disputes.
C) Prohibits use of only deceptive practices in landlord-tenant law.
D) Protects homeowners who sell their homes without a broker.

4. The Massachusetts Consumer Protection Act requires that

A) The seller's information be kept confidential.
B) The broker disclose known material defects.
C) The buyer be informed of all offers.
D) The seller disclose all offers received.

5. Deposit money received by a salesperson must be turned over to the salesperson's broker

A) At the date specified in the offer to purchase.
B) Immediately.
C) Within three days.
D) At the signing of the purchase and sale agreement.

Solutions: