Free Real Estate Licensing Massachusetts-Real-Estate-Salesperson Exam Practice Questions
Massachusetts Real Estate Salesperson Exam
Total Questions: 135Focus Only on What Matters For Real Estate Licensing Massachusetts-Real-Estate-Salesperson Exam Preparation
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Real Estate Licensing Massachusetts-Real-Estate-Salesperson Exam Sample Questions & Answers
What type of relationship does NOT require confidentiality?
A buyer is purchasing a $625,000 property. The lender requires a 20% down payment to avoid mortgage insurance. The buyer provided $5,000 in earnest money. The buyer closing costs are $13,000. What is the amount the buyer must bring to settlement to close the transaction?
When practicing as a facilitator, the facilitator
A buyer is considering a property in one of the subdivisions of a Planned Unit Development (PUD). The buyer noticed nearby properties having detached garages and workshops. The buyer mentions to their agent that they want to build a detached building on the back of the lot for a home business. There is an HOA for this subdivision. Additionally, there are overarching covenants, conditions, and restrictions (CC&Rs) for the PUD. What actions, if any, should be taken by the broker to assure the buyer can use the property as they wish?
A seller informs the listing broker that the wind chime on the back door is broken and the roof leaks when it rains. The listing broker is required to disclose
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