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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) Within three days.
B) Immediately.
C) At the signing of the purchase and sale agreement.
D) At the date specified in the offer to purchase.

2. A broker has a single agency relationship with the seller. Any required property condition disclosure would be completed by the

A) broker.
B) listing agent on behalf of seller.
C) seller.
D) listing agent on behalf of broker.

3. The need to protect the public's health and safety against poor construction practices has resulted in the enactment of

A) restrictive deed conditions.
B) building codes.
C) zoning ordinances.
D) zoning committees.

4. Under an option to buy, the ownership of land will change when the

A) optionee exercises the option.
B) optionor does not fulfill the obligation.
C) option is signed by the parties.
D) specified time has expired.

5. An appraisal made by a certified appraiser is required

A) before real property can transfer from one owner to another.
B) when heirs receive property.
C) when the buyer is using an FHA loan to purchase.
D) before any property settlement in a divorce.

Solutions: