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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. When performing its duties, the Board of Registration protects and safeguards the interests of the

A) Governor's office.
B) Licensees.
C) State legislature.
D) General public.

2. A licensee whose license has been suspended is required to

A) Surrender the license to the Board of Registration.
B) Do nothing; no action is required.
C) Appeal the decision within 14 days.
D) Stop working, but may still make referrals.

3. A buyer wants to purchase a home for $275,000 with a 20% down payment. The lender charges 2.25 points.
How much money does the buyer need up front to make the purchase?

A) $61,188
B) $56,238
C) $55,000
D) $59,950

4. A broker may withdraw money from the broker's escrow account

A) To pay for advertising expenses related to the sale.
B) When ordered by the seller's attorney.
C) When the transaction has been consummated.
D) To cover the broker's commission.

5. In Massachusetts, deeds are recorded at the

A) State registry.
B) Massachusetts Board of Registration.
C) County registry.
D) City or town hall.

Solutions: