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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. The common area of a condominium development is owned by

A) those owners who were original owners of the units.
B) its duly elected Board of Directors.
C) all owners as tenants in common.
D) any individuals who pay a prorated share of the taxes and maintenance.

2. In Massachusetts, which of the following statements about smoke detectors prior to closing is always correct?

A) All single-family residences must have hard-wired smoke detectors.
B) Smoke detectors are optional in single-family houses.
C) A three-family residence can have either battery-operated or hard-wired smoke detectors.
D) A smoke detector certificate must be obtained from the local fire department.

3. The Massachusetts State Sanitary Code requires

A) Separate meters for all heating and electric systems.
B) The property owner to provide a refrigerator in working order.
C) Tenants to pay for their own water and/or sewer costs.
D) A stove in good repair in any rental unit.

4. A first-year licensee without either a degree in finance, or a strong background in real estate investment should generally refrain from

A) listing commercial income property.
B) acting as the seller's agent in selling an oceanfront lot to a retiree.
C) representing a first time home buyer.
D) representing an owner who wants to sell raw land to a developer.

5. An escrow or trust account is often held by a lender to pay

A) property taxes and insurance payments.
B) the bank's outstanding invoices.
C) mortgage payments.
D) interest on a loan.

Solutions: