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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Which of the following is used in the cost approach when estimating the value of improvements?

A) The assessed value of the property including the land.
B) The price per square foot of comparable properties.
C) Location, available financing, and depreciation.
D) How much it would cost to build a similar building at today's cost.

2. What type of loan would allow homeowners to utilize the equity built up in their home without having to sell?

A) accelerated mortgage
B) sale-and-leaseback
C) reverse mortgage
D) graduated payment

3. A prescriptive easement is proven by a

A) recorded abstract.
B) previous recorded deed.
C) quiet title action.
D) title policy.

4. The Massachusetts Sanitary Code requires landlords to

A) Inspect the property every six months.
B) Maintain their properties in a safe and habitable condition.
C) Notify a tenant 24 hours prior to entering a property.
D) Provide a statement of condition within 30 days of the lease.

5. Which of the following is true about mortgage assumptions?

A) The seller may or may not be released from liability.
B) The buyer is relieved of personal liability.
C) The mortgagee automatically releases the seller upon receipt of a warranty deed.
D) The buyer is required to sign a new mortgage note.

Solutions: