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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Massachusetts State-Specific Real Estate Law | - State Licensing Laws
|
| National Real Estate Principles & Practices | - Land Use Controls & Regulations
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
A contractor completes paving work on an owner ' s driveway, is not paid, and records a lien against the property to secure the unpaid construction debt. What type of lien is this?
- A. Judgment lien
- B. Attachment lien
- C. Mechanic ' s lien
- D. General contractor lien
Correct Answer: C 🗳️
Explanation: Only visible for TestKingsIT members. You can sign-up / login (it's free).
A buyer wants to purchase a home for $275,000 with a 20% down payment. The lender charges 2.25 points.
How much money does the buyer need up front to make the purchase?
- A. $56,238
- B. $55,000
- C. $61,188
- D. $59,950
Correct Answer: C 🗳️
Explanation: Only visible for TestKingsIT members. You can sign-up / login (it's free).
How is the share of brokerage compensation paid by an employing broker to an affiliated salesperson generally determined?
- A. It is established by agreement between the broker and salesperson
- B. It must equal the listing-side commission
- C. It is fixed by Massachusetts law at 50%
- D. It is fixed by the Board at 6%
Correct Answer: A 🗳️
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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
Correct Answer: B 🗳️
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Which estate represents the broadest and most complete form of private real-property ownership among the choices?
- A. Estate pur autre vie
- B. Estate for years
- C. Fee simple defeasible
- D. Fee simple absolute/indefeasible
Correct Answer: D 🗳️
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