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Pass Massachusetts-Real-Estate-Salesperson Exam Guide

Massachusetts Real Estate Salesperson Exam Questions and Answers

Question 37

For a Massachusetts property served by an on-site septic system, when must a Title 5 inspection generally be completed in connection with an ordinary sale?

Options:

A.

Within two years before the sale

B.

Exactly five years before the sale

C.

Only after closing

D.

Title 5 never applies to property transfers

Question 38

Which of the following statements about the leasing of apartments in Massachusetts is correct?

Options:

A.

Interest on security deposits begins after the first year of tenancy.

B.

Leases terminate when the property is sold.

C.

Death of the landlord terminates residential leases.

D.

Tenancies at will are enforceable under the law.

Question 39

Sam owes $10,000 in municipal real estate taxes. The municipality takes or sells the property for the tax debt. One week later Sam obtains enough money to resolve the delinquency. Can Sam redeem the property?

Options:

A.

No; any tax sale immediately ends all ownership rights

B.

Yes; before foreclosure of the right of redemption, Sam can generally redeem by paying the required taxes, interest and statutory charges

C.

No; tax redemption is available only when the debt exceeds $25,000

D.

Yes, but only if Sam proves financial hardship

Question 40

How is the share of brokerage compensation paid by an employing broker to an affiliated salesperson generally determined?

Options:

A.

It is fixed by Massachusetts law at 50%

B.

It is established by agreement between the broker and salesperson

C.

It is fixed by the Board at 6%

D.

It must equal the listing-side commission