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THE CE SHOP - MASSACHUSETTS REAL ESTATE LICENSE STATE CONTENT PRACTICE EXAM QUESTIONS AND ANSWERS

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THE CE SHOP - MASSACHUSETTS REAL ESTATE LICENSE STATE CONTENT PRACTICE EXAM QUESTIONS AND ANSWERS

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Institution
The CE shop real estate
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Uploaded on
January 30, 2025
Number of pages
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Written in
2024/2025
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THE CE SHOP - MASSACHUSETTS
REAL ESTATE LICENSE STATE
CONTENT PRACTICE EXAM
QUESTIONS AND ANSWERS
Which of the following circumstances would keep a landlord or seller in Massachusetts
from using any fair housing exemptions?

A. A real estate licensee is involved in the transaction.
B. The buyer or tenant has been convicted of a felony.
C. The housing is designated for senior use.
D. The landlord or seller has been guilty of previous fair housing violations. - Answer-A.
A real estate licensee is involved in the transaction.

Massachusetts recognizes no fair housing exemptions if a real estate licensee is
involved in the transaction.

Massachusetts licensees must complete their CE requirements for license renewal from
a curriculum approved by _____. - Answer-The Board of Registration of Real Estate
Brokers and Salespersons.

The Board of Registration of Real Estate Brokers and Salespersons approves curricula
for CE Requirements.

In Massachusetts, what special fair housing exemptions does an elderly or infirm owner
of a duplex have? - Answer-May choose to rent only to someone with no children.

An owner-occupant of a property with three dwelling units or fewer who is elderly or
infirm, and for whom the presence of children could be a hardship, may refuse to rent to
families with children.

Mardee is representing Carol in the sale of her condo in Natick, and they've signed an
exclusive agency listing agreement. If Carol finds her own buyer, does she owe Mardee
a commission? - Answer-No, because Carol procured the buyer.

It's easy to confuse the types of listing agreements. With exclusive agency, the seller
retains the right to sell herself and not pay a commission. Exclusive right-to-sell
agreements guarantee payment to the listing agent no matter who brings the buyer.

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.

Under normal circumstances, how many conditions must be met in order for a
Massachusetts licensee to receive commission for a real estate transaction? - Answer-
Three.

Three conditions must be met: The broker must be the procuring cause. There must be
a contract between the buyer and seller. And the transaction must close.

Which of the following applicants meets the experience requirements for a broker
license in Massachusetts?

A. Jill is a certified residential appraiser and has a real estate degree.
B. Kerry has had a Massachusetts salesperson license for 30 months.
C. Maggie has been affiliated as a salesperson with a Massachusetts broker since May
1988.
D. Mike has held his Massachusetts salesperson license for 20 months and is working
on his real estate degree. - Answer-C. Maggie has been affiliated as a salesperson with
a Massachusetts broker since May 1988.

Candidates for a broker license must have at least 3 years of experience as a licensed
Massachusetts salesperson affiliated with a broker, so Maggie is the only person who
qualifies.

Massachusetts antitrust laws closely parallel federal laws. Which of the following actions
are prohibited under both federal and state law?

A. ABC Brokerage agrees to handle transactions in the east side of the city, and XYZ
Brokerage, the west side of the city.
B. George and Georgia agree to allow the brokers in both their firms to adjust
commission rates to suit a given transaction.
C. Gina refuses to show properties offered by Bay City Realty unless Bay City agrees to
pay a cooperating broker commission.
D. Rita offers her seller clients the choice of using her brother's title insurance firm or
another firm of the seller's choice. - Answer-A. ABC Brokerage agrees to handle
transactions in the east side of the city, and XYZ Brokerage, the west side of the city.

Allocating the market or customers based on geographic region, price point, or other
factors is a violation of antitrust laws. Market allocation keeps business activities to
specific geographic territories or types of customers.

Jane hires a telemarketing firm in Amherst to send out advertisements to all cellphones
in her 781 area code. Which of the following statements is true?

A. She is in compliance if her broker supervises.

, B. She is in compliance with the law.
C. She is not compliance unless she receives written approval from the commission.
D. She is not in compliance with the law. - Answer-D. She is not in compliance with the
law.

The Telephone Consumer Protection Act restricts telemarketers from making robocalls
and sending unsolicited text messages.

In 2019, Massachusetts enacted a new law to regulate and insure residential short-term
rentals lined for tourists or transient use. Under this law, people who rent out their
rooms must obtain a minimum of ______ in liability insurance. - Answer-$1 million.

In addition to an excise tax, people with residential rental properties are required to
obtain a minimum of $1 million in liability insurance. Properties rented for fewer than 14
days in a calendar year are NOT exempt from this insurance requirement.

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.

The Nicholsons just bought a mid-century modern home in Concord that will require
lead paint abatement. Tom and Genna, their 3 year old daughter Grace, and Genna's
mom Pat are waiting to move into the split level until the abatement is complete. Who
would be at the most risk of adverse lead effects if they moved in before the abatement
was finished? - Answer-Grace.

Children and pregnant women are the most vulnerable to lead poisoning and its effects.

The goal of the Massachusetts Consumer Protection Act is to protect consumer from
_______. - Answer-Unfair or deceptive trade practices.

The Consumer Protection Act protects consumers from unfair or deceptive trade
practices, including intentional misrepresentation 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.

Which provision identifies the start and end dates of the contract in the Massachusetts
lease agreement? - Answer-Term.

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