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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

In which residential ownership form does the occupant typically receive shares of stock together with a proprietary lease rather than a deed to the individual apartment?

A. Cooperative
B. Condominium
C. Fee-simple subdivision
D. Life estate

Question 2

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. Six
C. Twelve
D. Sixteen

Question 3

A seller agrees to transfer freestanding living-room furniture to the buyer along with the house. Which instrument is most appropriate for conveying ownership of the furniture?

A. Easement certificate
B. Mortgage deed
C. Bill of sale
D. Warranty deed

Question 4

A small special-purpose building has an estimated current construction cost of $535,000. Its land is worth
$375,000, and accrued depreciation is estimated at $100,000. What is the indicated value under the cost approach?

A. $910,000
B. $535,000
C. $835,000
D. $810,000

Question 5

A Massachusetts condominium unit is being sold. Which document is commonly required at closing to establish whether condominium common-expense charges are outstanding?

A. Title 5 report
B. Mortgage commitment
C. 6(d) certificate
D. Homestead declaration

Solutions: