Practice Exam Massachusetts State-
Exam Questions – Prepagent Complete
Solutions
What should a listing agent do when he becomes aware of an underground oil tank
during a home inspection?
A. Notify the local fire department
B. Nothing
C. Disclose the existence of the tank to any prospective buyer
D. Notify the local EPA office - ANSWER-C. Disclose the existence of the tank to any
prospective buyer
Which of the following protects consumers in Massachusetts from fraudulent
misrepresentation and unscrupulous behavior from a real estate agent?
A. Chapter 93A
B. Title V
C. Title IX
D. Chapter 21E - ANSWER-A. Chapter 93A
Which of the following administers the real estate license law in Massachusetts?
A. National Association of Realtors
B. Massachusetts Office of Consumer Affairs
C. Massachusetts State Legislature
D. Board of Registration of Real Estate Brokers and Salespersons - ANSWER-D.
Board of Registration of Real Estate Brokers and Salespersons
Members of the Board of Registration of Real Estate Brokers and Salespersons are
selected by which of the following?
A. real estate licensees
B. public election
C. the governor
D. the state Association of Realtors - ANSWER-C. the governor
A real estate license is required for which of the following activities?
A. person acting as a licensed auctioneer
B. company that charges a fee to match individuals who want to exchange properties
and assists them in doing so
C. executor selling a building owned by an estate
D. public officer or employee performing official duties - ANSWER-B. company that
charges a fee to match individuals who want to exchange properties and assists
them in doing so
Which of the following is required of an owner broker in Massachusetts?
A. to display a copy of his license in a location readily observable to the general
public
B. to post a list of commission sales
C. to post a list of commission rates
,D. to actively engage in realty sales to keep his license - ANSWER-A. to display a
copy of his license in a location readily observable to the general public
Which of the following activities is NOT considered "engaging in the real estate
business"?
A. reselling a mobile home
B. negotiating real estate
C. selling real estate
D. listing real estate - ANSWER-A. reselling a mobile home
Which of the following conditions must be met in order for a partnership, association,
or corporation to be granted a license in Massachusetts?
A. if all papers are filed with the Secretary of State
B. if the salesperson retains a current license
C. if a designated officer or partner has been issued a broker's license.
D. if the brokerage business has paid a one-time fee to the guaranty fund -
ANSWER-C. if a designated officer or partner has been issued a broker's license.
Which of the following persons, if engaged in real estate activities, is exempt from
having to pass the real estate licensing exam?
A. appraisers
B. attorneys at law
C. real property securities dealers
D. associations, partnerships, corporations - ANSWER-B. attorneys at law
Which of the following is true concerning applications for any real estate license in
Massachusetts?
A. must be made before May3 of each year
B. In Massachusetts, applications for any real estate license must be completed
before one takes the real estate exam.
C. must be accompanied by a financial statement
D. must contain a photo of the applicant - ANSWER-B. In Massachusetts,
applications for any real estate license must be completed before one takes the real
estate exam.
Three weeks before she begins her real estate pre-license class, Leslie agrees to
help her neighbor sell her house. The neighbor agrees to pay 3% commission. An
offer is accepted while Leslie is taking the class and the sale closes the day before
Leslie passes the exam and receives her salesperson's license. The before Leslie
passes the exam and receives her salesperson's license. The neighbor refuses to
pay the commission. Can Leslie sue to recover payment?
A. Yes, the agreement to pay commission is binding
B. Yes, this is considered an oral commission contract
C. No, because Leslie has no permanent office in Massachusetts
D. No, because Leslie was not a licensed broker when they made the agreement -
ANSWER-D. No, because Leslie was not a licensed broker when they made the
agreement
Which of the following is true for a real estate license applicant in Massachusetts?
A. must be at least 21 years old
, B. must have completed 45 hours of classroom training
C. must pass the license examination and pay the prescribed fee prior to receiving
his license
D. must have completed at least two years of collage - ANSWER-C. must pass the
license examination and pay the prescribed fee prior to receiving his license
What is the penalty for an unlicensed person who engages in activities that require a
real estate license?
A. fine not to exceed $500
B. civil penalty of $5000 in addition to other penalties provided by law
C. civil penalty not to exceed $5000 and one year imprisonment
D. fine not to exceed $1000 - ANSWER-A. fine not to exceed $500
Which of the following is required for a salesperson or broker to renew an active
license?
A. complete 6 hours of continuing education in the last two years
B. complete 12 hours of continuing education in preceding two years
C. pay a fee of $225
D. be actively participating in the real estate business - ANSWER-B. complete 12
hours of continuing education in preceding two years
If a licensee has allowed her license to expire, how long does she have to reinstate it
without paying a penalty?
A. no more than 180 days
B. up to 30 days
C. a penalty is paid regardless of time lapsed
D. one year - ANSWER-D. one year
After the first license renewal, what classes are required to renew an active
salesperson's real estate license?
A. 8 hours of law update; 4 hours of ethics
B. There are no mandatory requirements.
C. 12 hours of Board approved curriculum
D. 18 hours of home study - ANSWER-C. 12 hours of Board approved curriculum
Which of the following accurately describes an inspection report on out-of-state
property?
A. the Board of Registration prepares the report
B. it is prepared after a verified complaint is filed in writing
C. it may be prepared by a Massachusetts broker
D. the developer prepares the report - ANSWER-A. the Board of Registration
prepares the report
Who pays the cost of an inspection for the promotion of out-of-state property?
A. Broker
B. Lender
C. owner or developer
D. buyer - ANSWER-C. owner or developer
Exam Questions – Prepagent Complete
Solutions
What should a listing agent do when he becomes aware of an underground oil tank
during a home inspection?
A. Notify the local fire department
B. Nothing
C. Disclose the existence of the tank to any prospective buyer
D. Notify the local EPA office - ANSWER-C. Disclose the existence of the tank to any
prospective buyer
Which of the following protects consumers in Massachusetts from fraudulent
misrepresentation and unscrupulous behavior from a real estate agent?
A. Chapter 93A
B. Title V
C. Title IX
D. Chapter 21E - ANSWER-A. Chapter 93A
Which of the following administers the real estate license law in Massachusetts?
A. National Association of Realtors
B. Massachusetts Office of Consumer Affairs
C. Massachusetts State Legislature
D. Board of Registration of Real Estate Brokers and Salespersons - ANSWER-D.
Board of Registration of Real Estate Brokers and Salespersons
Members of the Board of Registration of Real Estate Brokers and Salespersons are
selected by which of the following?
A. real estate licensees
B. public election
C. the governor
D. the state Association of Realtors - ANSWER-C. the governor
A real estate license is required for which of the following activities?
A. person acting as a licensed auctioneer
B. company that charges a fee to match individuals who want to exchange properties
and assists them in doing so
C. executor selling a building owned by an estate
D. public officer or employee performing official duties - ANSWER-B. company that
charges a fee to match individuals who want to exchange properties and assists
them in doing so
Which of the following is required of an owner broker in Massachusetts?
A. to display a copy of his license in a location readily observable to the general
public
B. to post a list of commission sales
C. to post a list of commission rates
,D. to actively engage in realty sales to keep his license - ANSWER-A. to display a
copy of his license in a location readily observable to the general public
Which of the following activities is NOT considered "engaging in the real estate
business"?
A. reselling a mobile home
B. negotiating real estate
C. selling real estate
D. listing real estate - ANSWER-A. reselling a mobile home
Which of the following conditions must be met in order for a partnership, association,
or corporation to be granted a license in Massachusetts?
A. if all papers are filed with the Secretary of State
B. if the salesperson retains a current license
C. if a designated officer or partner has been issued a broker's license.
D. if the brokerage business has paid a one-time fee to the guaranty fund -
ANSWER-C. if a designated officer or partner has been issued a broker's license.
Which of the following persons, if engaged in real estate activities, is exempt from
having to pass the real estate licensing exam?
A. appraisers
B. attorneys at law
C. real property securities dealers
D. associations, partnerships, corporations - ANSWER-B. attorneys at law
Which of the following is true concerning applications for any real estate license in
Massachusetts?
A. must be made before May3 of each year
B. In Massachusetts, applications for any real estate license must be completed
before one takes the real estate exam.
C. must be accompanied by a financial statement
D. must contain a photo of the applicant - ANSWER-B. In Massachusetts,
applications for any real estate license must be completed before one takes the real
estate exam.
Three weeks before she begins her real estate pre-license class, Leslie agrees to
help her neighbor sell her house. The neighbor agrees to pay 3% commission. An
offer is accepted while Leslie is taking the class and the sale closes the day before
Leslie passes the exam and receives her salesperson's license. The before Leslie
passes the exam and receives her salesperson's license. The neighbor refuses to
pay the commission. Can Leslie sue to recover payment?
A. Yes, the agreement to pay commission is binding
B. Yes, this is considered an oral commission contract
C. No, because Leslie has no permanent office in Massachusetts
D. No, because Leslie was not a licensed broker when they made the agreement -
ANSWER-D. No, because Leslie was not a licensed broker when they made the
agreement
Which of the following is true for a real estate license applicant in Massachusetts?
A. must be at least 21 years old
, B. must have completed 45 hours of classroom training
C. must pass the license examination and pay the prescribed fee prior to receiving
his license
D. must have completed at least two years of collage - ANSWER-C. must pass the
license examination and pay the prescribed fee prior to receiving his license
What is the penalty for an unlicensed person who engages in activities that require a
real estate license?
A. fine not to exceed $500
B. civil penalty of $5000 in addition to other penalties provided by law
C. civil penalty not to exceed $5000 and one year imprisonment
D. fine not to exceed $1000 - ANSWER-A. fine not to exceed $500
Which of the following is required for a salesperson or broker to renew an active
license?
A. complete 6 hours of continuing education in the last two years
B. complete 12 hours of continuing education in preceding two years
C. pay a fee of $225
D. be actively participating in the real estate business - ANSWER-B. complete 12
hours of continuing education in preceding two years
If a licensee has allowed her license to expire, how long does she have to reinstate it
without paying a penalty?
A. no more than 180 days
B. up to 30 days
C. a penalty is paid regardless of time lapsed
D. one year - ANSWER-D. one year
After the first license renewal, what classes are required to renew an active
salesperson's real estate license?
A. 8 hours of law update; 4 hours of ethics
B. There are no mandatory requirements.
C. 12 hours of Board approved curriculum
D. 18 hours of home study - ANSWER-C. 12 hours of Board approved curriculum
Which of the following accurately describes an inspection report on out-of-state
property?
A. the Board of Registration prepares the report
B. it is prepared after a verified complaint is filed in writing
C. it may be prepared by a Massachusetts broker
D. the developer prepares the report - ANSWER-A. the Board of Registration
prepares the report
Who pays the cost of an inspection for the promotion of out-of-state property?
A. Broker
B. Lender
C. owner or developer
D. buyer - ANSWER-C. owner or developer
