correct answers passed
Which of the following statements is TRUE regarding the MA Board of Registration of Real Estate Brokers
and Salespersons? - correct answer ✔✔Members of the Board serve 5-year terms.
Which of the following statements is FALSE regarding the MA Board of Registration of Real Estate Brokers
and Salespersons? - correct answer ✔✔Board members are compensated monthly for their service.
Which of the following activities requires a MA real estate license? - correct answer ✔✔A person dealing
in options on real estate
MA reciprocal licensure is contingent upon - correct answer ✔✔the other state having real estate laws
similar to Massachusetts.
To obtain a corporate broker license, the entity must - correct answer ✔✔have at least one officer or
partner hold a broker license.
To obtain a broker license, the applicant must - correct answer ✔✔pass the broker examination within 2
years of completing the pre-license coursework.
Failing to meet which of the following requirements could exclude an applicant from licensure
permanently? - correct answer ✔✔Demonstrating good moral character
Tom's initial license was issued on August 18, 2017. His birthday is August 17. When is Tom's license
renewal date? - correct answer ✔✔August 17,2020
If a licensee commits an act of discrimination within 2 years of a previous act of discrimination, what
penalty could the licensee receive? - correct answer ✔✔90-day license suspension
, A state-certified residential appraiser applicant must complete how many hours of real estate appraisal
experience? - correct answer ✔✔2,500 hours.
Which of the following might be acceptable in advertising for a home for sale? - correct answer
✔✔Diverse, friendly neighborhood
What is blind advertising? - correct answer ✔✔Ads that do not contain the broker's name
What steps must a salesperson take when suing a client for failure to pay compensation? - correct
answer ✔✔salespersons cannot sue clients.
Who may handle trust funds? - correct answer ✔✔Only supervising brokers
Which of the following would be the procuring cause of the property sale? - correct answer ✔✔Troy,
who showed the property to his buyer, negotiated the purchase contract, and provided several of the
necessary disclosures
Under what circumstances would the listing agent be the only one to be paid a commission, even if
another agent might be considered a procuring cause? - correct answer ✔✔The listing agent has an
exclusive-right-to-sell listing agreement.
What is required of a licensee who has a personal financial interest in a property the licensee is selling? -
correct answer ✔✔Disclose in writing to the involved parties the type of interest the agent has in the
property
If a licensee is the seller's agent and decides to take an option on the property himself, what must the
licensee do? - correct answer ✔✔Disclose his interest to the seller and stop acting as the seller's agent
Under what circumstances may a licensee NOT present an offer to purchase to a property seller? -
correct answer ✔✔No circumstances; the licensee must present all offers.
Which of the following is NOT a requirement of an escrow account? - correct answer ✔✔It must be an
interest-bearing account.