Exam Questions And Correct Answers
(Verified Answers) Plus Rationales 2026
Q&A | Instant Download Pdf
1. Which of the following best defines a “real estate broker” under
Massachusetts law?
A. A person who sells or leases real estate exclusively for
themselves
B. A person who provides real estate services and receives
compensation for others’ property transactions
C. A person who appraises real estate for tax purposes
D. A person who manages rental properties without compensation
B. A person who provides real estate services and receives
compensation for others’ property transactions
Rationale: Massachusetts law defines a real estate broker as someone
licensed to offer services such as selling, buying, or leasing property
,for others for compensation. Selling property exclusively for oneself
does not require a broker license.
2. A real estate salesperson in Massachusetts must be affiliated with:
A. A bank
B. A licensed real estate broker
C. The state attorney general
D. A title company
B. A licensed real estate broker
Rationale: Salespersons cannot operate independently in
Massachusetts. They must work under a licensed broker who holds
ultimate responsibility for compliance with state laws and regulations.
3. The Massachusetts consumer protection law that applies to real
estate transactions is:
A. The Sherman Antitrust Act
B. M.G.L. c. 93A
C. The Truth-in-Lending Act
D. M.G.L. c. 140B
,B. M.G.L. c. 93A
Rationale: Chapter 93A prohibits unfair or deceptive business
practices, including in real estate. Violations can result in penalties
and consumer restitution.
4. Which of the following is required for a valid Massachusetts real
estate sales contract?
A. Oral agreement between the parties
B. Written agreement signed by the parties
C. Only a deposit
D. Verbal agreement confirmed by email
B. Written agreement signed by the parties
Rationale: The Massachusetts Statute of Frauds requires real estate
contracts to be in writing and signed by the parties to be enforceable.
5. A listing broker owes which of the following duties to the seller?
A. Loyalty and confidentiality
B. Disclosure of other properties for sale only
C. Guaranteeing a specific sale price
D. Limiting showings to pre-approved buyers
, A. Loyalty and confidentiality
Rationale: A listing broker must act in the best interest of the seller,
including keeping sensitive information confidential and avoiding
conflicts of interest.
6. In Massachusetts, a dual agency occurs when:
A. The same agent represents both the buyer and the seller with
written consent
B. Two agents from different firms represent the buyer
C. An agent sells property to their own family
D. An agent sells multiple properties in one transaction
A. The same agent represents both the buyer and the seller with
written consent
Rationale: Dual agency is permitted only with full disclosure and
written consent from both parties. The agent must remain neutral and
cannot favor one side.
7. Which type of listing agreement guarantees a commission to the
broker regardless of who sells the property?
A. Open listing
B. Exclusive agency