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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A salesperson's client is the lessee. Who does the salesperson represent?

A) landlord
B) lien holder
C) tenant
D) lender

2. A real estate licensee is a partial owner of a local inspection company. It is permissible for the licensee to tell all clients to use this company when

A) it is in the best interest of the client.
B) the client does not ask for other recommendations.
C) the licensee does not know any of the other title companies in the area.
D) the licensee discloses the interest in the company to the client.

3. Active licensees renewing a real estate license must have completed how many hours of continuing education during the two years prior to the scheduled renewal?

A) Four
B) Twelve
C) Six
D) Sixteen

4. A building was purchased for $350,000 with a 20% down payment. If the lender charged the buyer three discount points, how much will the buyer need to close?

A) $78,400
B) $80,500
C) $360,500
D) $61,600

5. Two top licensees in a small town have agreed not to show listings of a new real estate firm charging a low commission rate to sellers. This behavior is a violation of the

A) Equal Credit Opportunity Act.
B) federal fair housing laws.
C) Sherman Antitrust Act.
D) Blue-Sky laws.

Solutions: