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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. 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.

2. The Massachusetts Consumer Protection Act (M.G.L. c. 93A) does NOT apply to which of the following persons?

A) Listing brokers who receive only a percentage of commissions
B) Owners who sell their homes privately
C) Salespersons since they are obligated to their employing brokers only
D) Builders who sell fewer than ten homes a year

3. A broker received a birthday check from a client. The broker decided to put it in the escrow account because it was from a client. This is

A) acceptable if the check was written on the client's business account.
B) conversion.
C) commingling.
D) acceptable if the client has had a transaction within the last 18 months.

4. The two clauses in a mortgage which allow the lender to proceed with a foreclosure sale are which of the following?

A) escalation clause and power of sale clause
B) escalation clause and alienation clause
C) foreclosure clause and alienation clause
D) acceleration clause and power of sale clause

5. The city wishes to purchase a parcel of property to be used as a cloverleaf for access to the nearby interstate.
The landowner refuses to sell. To acquire title to the property, the city will initiate a process of

A) accession.
B) negotiation.
C) condemnation.
D) escheat.

Solutions: