Real Estate Massachusetts-Real-Estate-Salesperson Exam : Massachusetts Real Estate Salesperson Exam

Massachusetts-Real-Estate-Salesperson
  • Exam Code: Massachusetts-Real-Estate-Salesperson
  • Exam Name: Massachusetts Real Estate Salesperson Exam
  • Updated: Oct 09, 2026
  • Q & A: 354 Questions and Answers

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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:

SectionWeightObjectives
Massachusetts State Portion33%- Landlord-Tenant Law
  • 1. Eviction and security deposit rules
    • 2. Lease requirements and obligations
      - Massachusetts Real Estate Law
      • 1. Lead paint and environmental laws
        • 2. State-specific contract rules
          • 3. Attorney role in transactions
            - Board Regulations and Licensing
            • 1. Grounds for discipline
              • 2. Powers and duties of the Board
                • 3. Licensing requirements and renewal
                  - State-Specific Practices
                  • 1. Agency and disclosure rules
                    • 2. Transaction procedures
                      - Fair Housing and Consumer Protection
                      • 1. Massachusetts anti-discrimination laws
                        • 2. Consumer protection regulations
                          National Portion67%- Financing
                          • 1. Lending regulations (RESPA, TILA)
                            • 2. Loan qualification and closing
                              • 3. Mortgage types and terms
                                - Land Use Controls and Regulations
                                • 1. Environmental regulations
                                  • 2. Zoning and planning
                                    • 3. Public and private restrictions
                                      - Valuation and Market Analysis
                                      • 1. Appraisal methods
                                        • 2. Market value vs cost vs price
                                          • 3. Comparative Market Analysis
                                            - Contracts
                                            • 1. Listing and purchase agreements
                                              • 2. Contingencies and amendments
                                                • 3. Elements of valid contracts
                                                  - Transfer of Title
                                                  • 1. Deeds and title insurance
                                                    • 2. Closing procedures and costs
                                                      - Agency Relationships and Duties
                                                      • 1. Disclosure requirements
                                                        • 2. Fiduciary responsibilities
                                                          • 3. Types of agency
                                                            - Property Ownership
                                                            • 1. Land characteristics and legal descriptions
                                                              • 2. Types of ownership
                                                                • 3. Encumbrances and easements
                                                                  - Property Disclosures
                                                                  • 1. Hazard and environmental disclosures
                                                                    • 2. Seller obligations
                                                                      - Real Estate Practice
                                                                      • 1. Antitrust and business practices
                                                                        • 2. Advertising and fair housing
                                                                          • 3. License law and ethics
                                                                            - Real Estate Calculations
                                                                            • 1. Tax and investment math
                                                                              • 2. Commission and proration

                                                                                Real Estate Massachusetts Real Estate Salesperson Sample Questions:

                                                                                Question #1

                                                                                A broker has listed a property for $225,000. An offer of $210,000 contingent upon inspection comes in the first week and the seller accepts it. Another offer of $205,000 comes in the second week. The seller accepts it as a secondary offer contingent upon the termination of the first offer. The first offeror demands the seller spend $5,000 in repairs before going through with the purchase. The seller may do any of the following EXCEPT

                                                                                • A. agree to do the needed repairs and consummate the transaction with the first offeror.
                                                                                • B. refuse to do the repairs and still proceed with the sale in as-is condition.
                                                                                • C. ignore the demand and sell the property to the second offeror.
                                                                                • D. terminate the first agreement in writing and sell to the second offeror.
                                                                                Reveal Solution  Discussion  0

                                                                                Correct Answer: C  🗳️

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                                                                                Question #2

                                                                                The commission rate included in a listing contract is determined by

                                                                                • A. negotiation.
                                                                                • B. state statute.
                                                                                • C. local custom.
                                                                                • D. national trade organizations.
                                                                                Reveal Solution  Discussion  0

                                                                                Correct Answer: A  🗳️

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                                                                                Question #3

                                                                                Which of the following property valuation estimates or reports would have to be prepared by a licensed or certified appraiser?

                                                                                • A. a reconciliation report for an FHA loan
                                                                                • B. a broker's price opinion
                                                                                • C. a comparative market analysis
                                                                                • D. a value analysis for a non-residential property valued below $250,000
                                                                                Reveal Solution  Discussion  0

                                                                                Correct Answer: A  🗳️

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                                                                                Question #4

                                                                                Real Estate Mortgage Investment Conduits (REMICs) principally hold or invest in:

                                                                                • A. Portfolios of physical apartment buildings
                                                                                • B. Individual undeveloped land parcels
                                                                                • C. Pools or portfolios of mortgages secured by real estate
                                                                                • D. Brokerage offices
                                                                                Reveal Solution  Discussion  0

                                                                                Correct Answer: C  🗳️

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                                                                                Question #5

                                                                                A fixed-term lease expires, but the landlord knowingly permits the tenant to remain and continues accepting the same monthly rent without entering a new fixed-term lease. What tenancy will this most commonly resemble?

                                                                                • A. Life estate
                                                                                • B. Joint tenancy
                                                                                • C. Tenancy at will/periodic tenancy
                                                                                • D. Tenancy by the entirety
                                                                                Reveal Solution  Discussion  0

                                                                                Correct Answer: C  🗳️

                                                                                Explanation: Only visible for Exam4Tests members. You can sign-up / login (it's free).

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