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| Section | Weight | Objectives |
|---|---|---|
| National Portion | 67% | - Agency Relationships and Duties
|
| Massachusetts State Portion | 33% | - Board Regulations and Licensing
|
1. According to the Massachusetts Fair Housing Law, it is unlawful to ask prospective tenants questions about their
A) Criminal history.
B) Income.
C) Place of birth.
D) Occupation.
2. A broker has been engaged to locate a property for a buyer. The broker has determined that a suitable property for the buyer is for sale and is owned by the broker's cousin. The broker has not informed the buyer of the broker's relationship with the owner. If the buyer purchases the property under these circumstances, the broker is
A) Not violating the license law because a relative's interest is an exception to the fiduciary duty rule.
B) Not violating the license law because the broker in this situation has no duty of disclosure.
C) Violating the license law because it is illegal to purchase family property for a principal.
D) Violating the license law because a relative's interest shall be made known to all parties.
3. A buyer makes an offer on a property and asks the Seller's broker to recommend a good home inspector. The Seller's broker may
A) Provide business cards of local home inspectors.
B) Recommend a specific home inspector.
C) Provide a list of no fewer than 20 licensed home inspectors in the county where the property is located.
D) Provide the complete list of home inspectors prepared by the Commonwealth of Massachusetts.
4. Standard title insurance would protect a buyer
A) when the seller has forged an ex-partner's signature on the deed.
B) in a purchase where the buyer had knowledge of a shed violating setback requirements.
C) if after closing, the HOA placed a lien on the property for the previous owner's unpaid dues.
D) for the purchase of a property bought sight unseen where the buyer discovers a tenant living at the property.
5. A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?
A) The offer with the highest sale price
B) All three of the offers
C) The first offer received
D) The offer most favorable to the seller, including price and all terms
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: B |
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