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MASSACHUSETTS PORTION OF REAL ESTATE EXAM TEST UPDATED ACTUAL Questions and CORRECT Answers

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MASSACHUSETTS PORTION OF REAL ESTATE EXAM TEST UPDATED ACTUAL Questions and CORRECT Answers

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MASSACHUSETTS PORTION OF REAL ESTATE EXAM TEST
UPDATED ACTUAL Questions and CORRECT Answers

Question: DUTIES AND POWERS OF THE BOARD OF REGISTRATION
Correct Answer: A. Examine Records B. Conduct Investigations C. Hold Hearings D. Chp 112 Section
87AAA: (complaints, investigations, revocation or suspension, grounds and penalities).
Question: POWERS OF THE BOARD REGARDING HEARINGS
Correct Answer: A. Summon witnesses and records B. Hear testimony under oath C. Take disciplinary
actions D. Reconsider any decision and reissue or reinstate a license that has been refused
Question: NOTICE OF HEARING REQUIREMENTS
Correct Answer: A. 10 day notice in writing to all parties B. Notice must contain the grounds for the
complaint and a copy of the complaint or charges
Question: DECISIONS OF THE BOARD
Correct Answer: A. Must be by majority vote & contain the basis for the boards action B. Must be sent to
all parties concerned C. Must be reported to the attorney general
Question: RIGHTS OF THE ACCUSED AND CONDUCTS OF HEARINGS
Correct Answer: A. Hearings are conducted in a manner similar to a legal trial B. Accused may be
represented by any attorney, but the board doesn't have to furnish counsel
Question: POWERS OF THE SUPERIOR COURT ON APPEAL
Correct Answer: A. Affirm or annul the boards decision B. Make a new decision C. Assess costs if either
party acted in bad faith **NOTE: Licensees are forbidden to continue practice pending outcome of appeal
Question: Suspension, Revocation, Refusal to Renew License
Correct Answer: 1. Made any Substantial Misrepresentation 2. Acting in Dual capacity (working for the
other person as well as your principal) 3. Dual agency without disclosing to parties
Question: Suspension, Revocation, Refusal to Renew License
Correct Answer: 4. Failed to account for any money belonging to others 5. Paid or shared fees to
unlicensed persons 6. Accepted, gave, or charged any undisclosed commission, rebate, or profit on
expenditures for a principal
Question: Suspension, Revocation, Refusal to Renew License
Correct Answer: 7. Induced a party to break a contract for personal gain 8. Commingling of money or
property of a principal 9. Failed to give a copy of purchase & sale agreement to buyer and seller
Question: Suspension, Revocation, Refusal to Renew License
Correct Answer: 10. Committed any act expressly prohibited by license law. 11. Found guilty of
blockbusting (panic peddling) and Commission against discrimination (MCAD) 12. Accepted a NET
LISTING from a prospective seller
Question: Suspension, Revocation, Refusal to Renew License
Correct Answer: 13. Advised against using an Attorney in any real estate transaction 14. Lack of good
moral character resulting in conviction of a criminal offense 15. Failed to comply with the out-of-state

, property registration act
Question: Suspension, Revocation, Refusal to Renew License
Correct Answer: 16. Convicted of discrimination in violation of chapter 151b. (suspension 60days = 1st
offense, 90days = 2nd if committed within 2 years of prior offense) 17. Obtained a license by false or
fraudulent representation *** note: UPON RECEIVING NOTICE OF SUSPENSION/REVOCATION OF
LICENSE, THE LICENSEE MUST FORWARD HIS/HER LICENSE TO THE BOARD ASAP
Question: FINES/ IMPRISONMENT
Correct Answer: 1. BLOCKBUSTING 2. Chapter 112: Section 87CCC: Violations; Punishment 3.
Professional Standards of Practice **NOTE: The board does have the power to impose a fine. However, the
board does not have the power to impose a prison sentence. In such cases, their findings must be reported to
the state attorney general for appropriate action
Question: Fine/Imprisonment
Correct Answer: Blockbusting: $1,000 to $2,500, and/or six months imprisonment
Question: Fine/Imprisonment
Correct Answer: Chapter 112: Section 87CCC: "Individuals performing work without a license may be
assessed a civil admin penalty not to exceed $1000 for the 1st violation and $2500 for the 2nd violation and
any subsequent violations"
Question: LICENSURE
Correct Answer: 254 CMR 2.00: 1. PURPOSE 2. APPLICATIONS 3. EXAMINATIONS 4.
RE-EXAMINATIONS
Question: LICENSURE
Correct Answer: 254 CMR 2.00: 5. LICENSE FEES 6. EXPERIENCE REQUIREMENT FOR LICENSE
AS A BROKER 7. MORAL CHARACTER 8. PERSONAL APPERANCE
Question: LICENSURE
Correct Answer: 254 CMR 2.00: 9. QUALIFICATION REPORTS 10. SURETY BONDS 11. BUSINESS
ENTITIES 12. LLC,LLP INSURANCE 13. RECIPROCAL LICENSURE
Question: LICENSURE
Correct Answer: 254 CMR 2.00: 14. LICENSE RENEWAL 15. CONTINUING EDUCATION
REQUIREMENT 16. SINGLE LOCATION AUTHORIZED 17. AUTHORIZED AGENTS
Question: PROMOTIONAL SALES OF OUT OF STATE REAL PROPERTY
Correct Answer: 254 CMR 6.00: 1. Prohibition on Broker Sales Activity 2. Filing requirement 3.
Inspections 4. Advertising Notice of Registration 5. Sales by Brokers 6. Brokers notice to board
Question: Prohibition on Broker Sales Activity
Correct Answer: No broker shall offer for sale in the commonwealth an interest in real property which is
located in a land development of another state unless the owner or developer of such land development
registers such property with the board
Question: Filing requirement

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