The CE Shop - Massachusetts Real Estate License
State Content Practice Exam Questions And Verified
Answers
\.A Massachusetts broker negotiates a sale late in the afternoon on Friday. He collects
an earnest money deposit from the buyer and deposits it in an escrow account. His
records for the deposit include the source of the funds and the date deposited. What
additional piece of information must escrow account deposit records contain? - Answer-
The check number of the deposit.
The check number of the deposit.
\.A telemarketing firm in Deerfield has been hired to send out listing advertisements to
all 781 area code cellphones. The telemarketing firm's list includes numbers that both
are and are not registered in the Do Not Call list. Which of the following statements is
true?
A. Calls, even to those who aren't on the registry, are prohibited between 8 p.m. (9 p.m.
under federal law) and 8 a.m.
B. Calls to existing customers, and clients, and those with whom you've had a
transaction in the past six months are permitted.
C. Calls to those who aren't on the registry can be made at any time of the day.
D. Calls to those who are on the registry are prohibited between 11 p.m. and 5 a.m. -
Answer-A. Calls, even to those who aren't on the registry, are prohibited between 8 p.m.
(9 p.m. under federal law) and 8 a.m.
Massachusetts telemarketing legislation closely mirrors federal regulations.
Massachusetts, however, prohibits telemarketer calls, even to those who aren't on the
registry, between 8 p.m. and 8 a.m. (9 p.m. under federal law)
\.Advertisements that either directly or indirectly imply ______ against certain individuals
or groups is prohibited under Massachusetts regulations. - Answer-Discrimination.
Discriminatory advertising is strictly prohibited in any Massachusetts real estate
advertising.
\.Amelia, a salesperson in Leominster, receives an earnest money deposit/ What must
she do? - Answer-She must hand it over to her broker for deposit in the broker's escrow
account.
All funds collected in trust for other individuals must be handed over to the broker as
soon as possible so that the broker can deposit the funds into the broker's escrow
account.
,\.Andy is representing his fiancee in a real estate transaction. Does he have any special
disclosure requirements? - Answer-Yes, because he had a personal interest in the
property.
Licensees must disclose any personal interest they have, or will have, in a property, as
well as their license status. Andy would be likely to favor his fiancee in the transaction.
\.As a Massachusetts real estate professional, why is it so important to know the
protected classes under fair housing law? - Answer-To make sure you don't do
something that is a violation of fair housing laws.
Sure, it's important to strive to keep from offending your future clients, but the best
reason to lock in the information about protected classes is to make sure you don't do
something that violates fair housing laws.
\.Based on Nicole's law, carbon monoxide detectors must be installed ______. -
Answer-On every habitable level of most homes and must be placed within 10 feet of
the door to each bedroom.
In Massachusetts, most homes must have carbon monoxide detectors located on all
habitable levels of homes and installed within 10 feet bedroom doors.
\.Beverly doesn't represent either party to this Massachusetts real estate transaction.
She's just here to handle the paperwork once the two parties finish negotiations. What
role is Beverly taking in this transaction? - Answer-A facilitator.
A facilitator is a neutral party who doesn't represent either the buyer or the seller in the
transaction.
\.Bryan's buyer client has asked him what he knows about the Massachusetts
Consumer Protection Act and how it relates to her home purchase. What's the best way
for him to respond? - Answer-It protects consumer from unfair and deceptive business
practices.
The Massachusetts Consumer Protection Act protects consumers from antitrust
practices and unfair or deceptive acts in trade or commerce, as well as misleading and
deceptive advertising.
\.Burton has a right-to-use timeshare. What can he NOT do with this type of timeshare?
- Answer-Pass the timeshare on to an heir.
A right-to-use timeshare conveys the right of possession, but it isn't ownership and
therefor can't be sold or passed on to another individual.
, \.Charlotte's Massachusetts brokerage wishes to do business using a trade name. How
must her brokerage inform the board of registration? - Answer-In writing.
Massachusetts regulations state that trade names must be disclosed to the board in
writing.
\.Clarissa is allowed to phone Gerry in Hingham, who's on the National Do Not Call
Registry, even for solicitation purposes, because ________. - Answer-She has an
established business relationship with Gerry.
If you've helped a client purchase a home, you may follow up with that client for a period
of 18 months after your working relationship ends, even if that client is on the Do Not
Call Registry.
\.Dana lives in her Newport property 9 months out of year and uses it as a rental for the
remaining three months. Is she liable for paying an excise tax on her short-term rental?
- Answer-Yes, because it applies to residential short-term properties unless they are
rented for fewer than 14 days per calendar year.
The tax applies to the amount of rental income collected from all residential short-term
properties unless the property is rented out for fewer than 14 days per calendar year.
\.Dirk is a licensee who lives in one half of the duplex he owns and rents out the other
half. He's placing an advertisement to find a tenant. What does he need to disclose in
the ad? - Answer-He is a licensed real estate professional.
Dirk must disclose his license status in all the advertisements related to his property and
to all parties in any real estate transaction where he has a personal interest in the
property, including leases.
\.Emma, a Massachusetts licensed salesperson, wants to place an advertisement in
Brookline's local real estate magazine. What must she be sure to include? - Answer-Her
broker's complete information.
Massachusetts salespeople are prohibited from advertising independently, so her
broker's information must be included in all advertisements.
\.Fleur's brokerage in Massachusetts should keep all related escrow account records for
____ years after a transaction closes. - Answer-Three.
Escrow account records must be kept for 3 years after closing or after the funds are
otherwise disbursed.
\.Gerald is selling a property in Lancaster that is not on the public water and sewer
systems. He must provide a copy of the results proving that water from the well is safe
State Content Practice Exam Questions And Verified
Answers
\.A Massachusetts broker negotiates a sale late in the afternoon on Friday. He collects
an earnest money deposit from the buyer and deposits it in an escrow account. His
records for the deposit include the source of the funds and the date deposited. What
additional piece of information must escrow account deposit records contain? - Answer-
The check number of the deposit.
The check number of the deposit.
\.A telemarketing firm in Deerfield has been hired to send out listing advertisements to
all 781 area code cellphones. The telemarketing firm's list includes numbers that both
are and are not registered in the Do Not Call list. Which of the following statements is
true?
A. Calls, even to those who aren't on the registry, are prohibited between 8 p.m. (9 p.m.
under federal law) and 8 a.m.
B. Calls to existing customers, and clients, and those with whom you've had a
transaction in the past six months are permitted.
C. Calls to those who aren't on the registry can be made at any time of the day.
D. Calls to those who are on the registry are prohibited between 11 p.m. and 5 a.m. -
Answer-A. Calls, even to those who aren't on the registry, are prohibited between 8 p.m.
(9 p.m. under federal law) and 8 a.m.
Massachusetts telemarketing legislation closely mirrors federal regulations.
Massachusetts, however, prohibits telemarketer calls, even to those who aren't on the
registry, between 8 p.m. and 8 a.m. (9 p.m. under federal law)
\.Advertisements that either directly or indirectly imply ______ against certain individuals
or groups is prohibited under Massachusetts regulations. - Answer-Discrimination.
Discriminatory advertising is strictly prohibited in any Massachusetts real estate
advertising.
\.Amelia, a salesperson in Leominster, receives an earnest money deposit/ What must
she do? - Answer-She must hand it over to her broker for deposit in the broker's escrow
account.
All funds collected in trust for other individuals must be handed over to the broker as
soon as possible so that the broker can deposit the funds into the broker's escrow
account.
,\.Andy is representing his fiancee in a real estate transaction. Does he have any special
disclosure requirements? - Answer-Yes, because he had a personal interest in the
property.
Licensees must disclose any personal interest they have, or will have, in a property, as
well as their license status. Andy would be likely to favor his fiancee in the transaction.
\.As a Massachusetts real estate professional, why is it so important to know the
protected classes under fair housing law? - Answer-To make sure you don't do
something that is a violation of fair housing laws.
Sure, it's important to strive to keep from offending your future clients, but the best
reason to lock in the information about protected classes is to make sure you don't do
something that violates fair housing laws.
\.Based on Nicole's law, carbon monoxide detectors must be installed ______. -
Answer-On every habitable level of most homes and must be placed within 10 feet of
the door to each bedroom.
In Massachusetts, most homes must have carbon monoxide detectors located on all
habitable levels of homes and installed within 10 feet bedroom doors.
\.Beverly doesn't represent either party to this Massachusetts real estate transaction.
She's just here to handle the paperwork once the two parties finish negotiations. What
role is Beverly taking in this transaction? - Answer-A facilitator.
A facilitator is a neutral party who doesn't represent either the buyer or the seller in the
transaction.
\.Bryan's buyer client has asked him what he knows about the Massachusetts
Consumer Protection Act and how it relates to her home purchase. What's the best way
for him to respond? - Answer-It protects consumer from unfair and deceptive business
practices.
The Massachusetts Consumer Protection Act protects consumers from antitrust
practices and unfair or deceptive acts in trade or commerce, as well as misleading and
deceptive advertising.
\.Burton has a right-to-use timeshare. What can he NOT do with this type of timeshare?
- Answer-Pass the timeshare on to an heir.
A right-to-use timeshare conveys the right of possession, but it isn't ownership and
therefor can't be sold or passed on to another individual.
, \.Charlotte's Massachusetts brokerage wishes to do business using a trade name. How
must her brokerage inform the board of registration? - Answer-In writing.
Massachusetts regulations state that trade names must be disclosed to the board in
writing.
\.Clarissa is allowed to phone Gerry in Hingham, who's on the National Do Not Call
Registry, even for solicitation purposes, because ________. - Answer-She has an
established business relationship with Gerry.
If you've helped a client purchase a home, you may follow up with that client for a period
of 18 months after your working relationship ends, even if that client is on the Do Not
Call Registry.
\.Dana lives in her Newport property 9 months out of year and uses it as a rental for the
remaining three months. Is she liable for paying an excise tax on her short-term rental?
- Answer-Yes, because it applies to residential short-term properties unless they are
rented for fewer than 14 days per calendar year.
The tax applies to the amount of rental income collected from all residential short-term
properties unless the property is rented out for fewer than 14 days per calendar year.
\.Dirk is a licensee who lives in one half of the duplex he owns and rents out the other
half. He's placing an advertisement to find a tenant. What does he need to disclose in
the ad? - Answer-He is a licensed real estate professional.
Dirk must disclose his license status in all the advertisements related to his property and
to all parties in any real estate transaction where he has a personal interest in the
property, including leases.
\.Emma, a Massachusetts licensed salesperson, wants to place an advertisement in
Brookline's local real estate magazine. What must she be sure to include? - Answer-Her
broker's complete information.
Massachusetts salespeople are prohibited from advertising independently, so her
broker's information must be included in all advertisements.
\.Fleur's brokerage in Massachusetts should keep all related escrow account records for
____ years after a transaction closes. - Answer-Three.
Escrow account records must be kept for 3 years after closing or after the funds are
otherwise disbursed.
\.Gerald is selling a property in Lancaster that is not on the public water and sewer
systems. He must provide a copy of the results proving that water from the well is safe
