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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. 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) Sixteen
C) Six
D) Twelve

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

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

3. The commission rate included in a listing contract is determined by

A) state statute.
B) local custom.
C) negotiation.
D) national trade organizations.

4. A broker maintains a trust or escrow account. A $10,000 earnest money deposit is received from a buyer and deposited in the account. Several weeks later and prior to closing, the broker withdraws $7,000 from the account and puts it in an operating account. This transaction is

A) an instance of illegal conversion of funds.
B) a violation of federal banking regulations.
C) permissible if the seller was informed about the transfer of funds.
D) permissible as long as the broker is entitled to at least $7,000 in commission.

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

Solutions: