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Massachusetts Real Estate Salesperson Exam Version: Demo [ Total Questions: 10] Web: www.dumpscafe.com Email: support@dumpscafe.com Real Estate Massachusetts-Real-Estate-Salesperson https://www.dumpscafe.com https://www.dumpscafe.com/Braindumps-Massachusetts-Real-Estate-Salesperson.html IMPORTANT NOTICE Feedback We have developed quality product and state-of-art service to ensure our customers interest. If you have any suggestions, please feel free to contact us at feedback@dumpscafe.com Support If you have any questions about our product, please provide the following items: exam code screenshot of the question login id/email please contact us at and our technical experts will provide support within 24 hours.support@dumpscafe.com Copyright The product of each order has its own encryption code, so you should use it independently. Any unauthorized changes will inflict legal punishment. We reserve the right of final explanation for this statement. Real Estate - Massachusetts-Real-Estate-SalespersonPass Exam 1 of 9Verified Solution - 100% Result Exam Topic Breakdown Exam Topic Number of Questions Topic 2 : Section 2 5 Topic 1 : Section 1 5 TOTAL 10 Real Estate - Massachusetts-Real-Estate-SalespersonPass Exam 2 of 9Verified Solution - 100% Result A. B. C. D. A. B. C. D. Topic 2, Section 2 Question #:1 - (Exam Topic 2) Which of the following activities may result in a fine from the Massachusetts Commission Against Discrimination (MCAD) against a licensee? Blockbusting Knowingly making any substantial misrepresentation Acting in the dual capacity of broker and undisclosed principal in the same transaction Failing to give both the buyer and the seller a copy of the purchase and sales agreement Answer: A Explanation The Massachusetts Commission Against Discrimination (MCAD) is the state agency responsible for enforcing the Massachusetts Fair Housing Law (M.G.L. c. 151B). Blockbusting is the illegal practice of inducing homeowners to sell by suggesting that protected classes of people (such as minorities, families with children, or people receiving public assistance) are moving into the neighborhood, often suggesting declining property values. This practice is explicitly prohibited under both federal law (Fair Housing Act) and Massachusetts General Law. MCAD has the authority to investigate complaints of housing discrimination and levy fines against licensees found guilty of such violations. While misrepresentation or undisclosed dual capacity may lead to disciplinary action by the Massachusetts Board of Registration of Real Estate Brokers and Salespersons, only violations of fair housing law, such as blockbusting, steering, or refusing to deal with members of protected classes, fall under the jurisdiction of MCAD. Reference: Massachusetts General Laws c. 151B; MCAD Fair Housing Guidelines; 254 CMR 3.00. Question #:2 - (Exam Topic 2) Active licensees renewing a real estate license must have completed how many hours of continuing education during the two years prior to the scheduled renewal? Four Six Twelve Sixteen Real Estate - Massachusetts-Real-Estate-SalespersonPass Exam 3 of 9Verified Solution - 100% Result A. B. C. D. Answer: B Explanation In Massachusetts, active real estate licensees are required to complete 12 hours of continuing education (CE) during the two-year period prior to their license renewal. This education is essential to ensure that real estate professionals stay updated on industry changes, including legal updates, ethical practices, and the latest regulations. Among the 12 hours, 3 hours must be focused on the legal aspects of real estate, while the remaining 9 hours can be chosen from various real estate topics, such as ethics, property management, or fair housing laws. Thus, the correct answer is that six hours are required for continuing education, not 4, 12, or 16. Reference: 254 CMR 6.00 – Continuing Education Requirements; Massachusetts Real Estate License Law. Question #:3 - (Exam Topic 2) A broker may withdraw money from the broker's escrow account When ordered by the seller's attorney. To pay for advertising expenses related to the sale. To cover the broker's commission. When the transaction has been consummated. Answer: D Explanation Escrow accounts are regulated under 254 CMR 3.10 and Massachusetts licensing law. All deposits, such as earnest money, must be kept in a separate escrow account maintained by the broker. These funds remain the property of the client until the transaction is consummated (closed) or otherwise terminated by mutual agreement or legal judgment. A broker may only withdraw money when the transaction has been completed or when the parties have agreed in writing how the funds should be disbursed. Brokers cannot use escrow funds to pay commissions, marketing expenses, or other business costs until the closing. Misuse or commingling of escrow funds is a serious violation and can result in license suspension or revocation. Reference: 254 CMR 3.10 – Handling of Client Funds; M.G.L. c. 112, § 87AAA–87DDD. Question #:4 - (Exam Topic 2) Real Estate - Massachusetts-Real-Estate-SalespersonPass Exam 4 of 9Verified Solution - 100% Result A. B. C. D. A. B. C. D. A client makes an offer on a residential property and provides a check for $2,000 as earnest money. The client instructs his buyer agent to hold the check for five days so it will clear the bank. What should the agent do with the check? Provide the check to his broker immediately with the client's instruction to hold it for five days before depositing it in the escrow account. Inform the client that the offer will be presented without any earnest money since the agent is required to submit all offers. Hold it for five days before submitting the check to his broker for deposit in the escrow account. Refuse to present the offer to the seller's agent until the earnest money can be deposited. Answer: A Explanation Under 254 CMR 3.10 and Massachusetts escrow rules, all deposits must be turned over immediately to the broker for deposit into the escrow account. However, if the buyer gives written instructions that the check is to be held (for example, for a certain number of days), the broker must honor those instructions. The correct procedure is to deliver the check to the broker right away, along with the buyer’s instruction to hold it for five days before depositing. The agent may not personally hold the check, nor may the agent refuse to present the offer due to escrow timing. All offers must be submitted promptly regardless of deposit status. Reference: 254 CMR 3.10 – Handling of Client Funds; Massachusetts Real Estate Candidate Information Bulletin – Escrow Rules. Question #:5 - (Exam Topic 2) A broker lists a property for ninety days. A buyer stops at the owner's residence and makes an offer for the property, which the owner accepts. The broker has no knowledge of the sales agreement between the buyer and the owner. The broker is entitled to a commission from the sale if the agreement the broker had with the owner was a(n) Exclusive agency listing. Open listing. Exclusive right-to-sell listing. Net listing. Answer: C Explanation Real Estate - Massachusetts-Real-Estate-SalespersonPass Exam 5 of 9Verified Solution - 100% Result An exclusive right-to-sell listing guarantees that the broker will receive a commission no matter who finds the buyer — even if the owner sells the property themselves. If the broker had an exclusive right-to-sell listing with the owner, the broker is entitled to a commission if the property sells during the listing period, regardless of whether the broker was involved in the sale or not. Exclusive agency listing only entitles the broker to a commission if they or another agent find the buyer; if the owner sells the property themselves, they do not owe the broker a commission. Open listingallows the owner to sell the property themselves without owing the broker a commission unless the broker finds the buyer. Net listing is illegal in Massachusetts as it could encourage brokers to manipulate the sale price for their own benefit. Thus, the broker is entitled to a commission if the listing was an exclusive right-to-sell. Reference: Massachusetts Real Estate License Law, M.G.L. c. 112, §§ 87PP–87DDD; 254 CMR 2.00 – Listings. Real Estate - Massachusetts-Real-Estate-SalespersonPass Exam 6 of 9Verified Solution - 100% Result A. B. C. D. A. B. Topic 1, Section 1 Question #:6 - (Exam Topic 1) A salesperson's client is the lessee. Who does the salesperson represent? lender tenant landlord lien holder Answer: B Explanation In a leasing transaction, the lessee is the tenant — the party obtaining the right to occupy and use the property. The lessor is the landlord, who owns the property and grants possession through the lease. Therefore, when a salesperson’s client is the lessee, the salesperson represents the tenant in the transaction. The role is similar to representing a buyer in a purchase transaction — the agent owes fiduciary duties such as loyalty, confidentiality, and disclosure to the tenant client. The other options do not apply: Lender (A) provides financing, not leasing services. Landlord (C) would be the lessor, not the lessee. Lien holder (D) is a creditor with a security interest in property, unrelated to this relationship. Thus, the correct answer is B: tenant. Reference: Massachusetts Real Estate Salesperson Candidate Handbook – Agency Law; M.G.L. c.112, §87AAA–112. Question #:7 - (Exam Topic 1) While inspecting a tenant-occupied property, the buyer was told by the seller that the microwave oven would be included in the sale price. Upon possession, the buyer learned that the microwave oven belonged to the tenant and not the seller. Is the buyer entitled to the microwave oven? Yes, because the buyer’s offer to purchase included all real property. Yes, because all oral contracts for the sale of real property are enforceable. Real Estate - Massachusetts-Real-Estate-SalespersonPass Exam 7 of 9Verified Solution - 100% Result C. D. A. B. C. D. No, because the microwave was the real property of the tenant. No, because the seller did not have the right to include the microwave in the sale. Answer: D Explanation Comprehensive and Detailed Explanation (150–250 words): In a real estate sale, the seller can only transfer property they own. Personal property belonging to a tenant is not part of the seller’s estate and cannot be conveyed, regardless of oral promises. A: Incorrect — microwave ovens are personal property, not automatically real property. B: Oral contracts are generally unenforceable under the Statute of Frauds. C: Incorrect because the microwave is personal property, not real property of the tenant. D: Correct — the seller had no ownership interest and therefore no authority to include it in the sale. Thus, the buyer is not entitled to the microwave. Reference: Massachusetts Real Estate Salesperson Candidate Handbook – Property Ownership (Fixtures vs. Personal Property); Statute of Frauds. Question #:8 - (Exam Topic 1) The two clauses in a mortgage which allow the lender to proceed with a foreclosure sale are which of the following? escalation clause and alienation clause foreclosure clause and alienation clause escalation clause and power of sale clause acceleration clause and power of sale clause Answer: D Explanation Comprehensive and Detailed Explanation (150–250 words): Two key clauses permit a lender to enforce foreclosure: Acceleration clause – allows the lender to declare the entire debt immediately due and payable if the borrower defaults. Without this clause, the lender could only sue for past-due installments. Real Estate - Massachusetts-Real-Estate-SalespersonPass Exam 8 of 9Verified Solution - 100% Result A. B. C. D. Power of sale clause – common in Massachusetts “title theory” mortgages, it authorizes the lender to sell the property at public auction without going through full judicial foreclosure. The alienation clause (also called a “due-on-sale” clause) allows the lender to demand payoff when the property is transferred, not for foreclosure. The escalation clause allows interest rate or payment adjustments, not foreclosure. Therefore, the correct pair that authorizes foreclosure is D: acceleration clause and power of sale clause. Reference: Massachusetts Real Estate Salesperson Candidate Handbook – Financing Instruments; M.G.L. c. 183 §21 (Power of Sale Foreclosure). Question #:9 - (Exam Topic 1) A buyer is purchasing a $625,000 property. The lender requires a 20% down payment to avoid mortgage insurance. The buyer provided $5,000 in earnest money. The buyer closing costs are $13,000. What is the amount the buyer must bring to settlement to close the transaction? $120,000 $133,000 $138,000 $143,000 Answer: B Explanation Comprehensive and Detailed Explanation (150–250 words): First compute the down payment at 20% of $625,000: Down payment = $625,000 × 0.20 = $125,000. Mortgage insurance is avoided because the LTV is 80% (loan of $500,000 on $625,000 purchase), consistent with typical underwriting. Massachusetts exam math emphasizes accurate handling of down payment percentages, credits for deposits, and inclusion of buyer’s closing costs. The only choice that matches this computation is $133,000. Real Estate - Massachusetts-Real-Estate-SalespersonPass Exam 9 of 9Verified Solution - 100% Result A. B. C. D. References: Massachusetts Real Estate Salesperson Candidate Handbook – Real Estate Math (Down payments, buyer credits/debits, cash to close); Financing basics (LTV and PMI thresholds). Question #:10 - (Exam Topic 1) A property manager has successfully negotiated the lease of a home built in 1965 to tenants who have no children. Regarding disclosure of lead-based paint, the property manager should do nothing, as regulations only apply when children are present. have all the lead-based paint covered or removed by licensed mitigators. give the tenants 10 days to test the home and provide them with the required booklet. have the tenants sign the disclosure form and provide them with the required booklet. Answer: D Explanation The Residential Lead-Based Paint Hazard Reduction Act (Title X, 1992) requires that landlords and sellers of housing built before 1978 disclose any known lead-based paint hazards to prospective tenants or buyers. Massachusetts enforces this rule strictly due to its older housing stock. The law applies regardless of whether children are present. Tenants must receive: An EPA-approved lead hazard information booklet. A disclosure form confirming acknowledgment. Tenants must be informed of their right to test for lead, but in a lease situation they do not automatically get a 10-day inspection period (that applies to sales, not rentals). Covering or removing lead paint (B) is only required if a child under six will occupy the property in Massachusetts, under the Lead Law (M.G.L. c.111 §197). Thus, the correct answer is D. Reference: EPA Lead-Based Paint Disclosure Rule; Massachusetts Lead Law; Massachusetts Real Estate Salesperson Candidate Handbook – Environmental Issues. About dumpscafe.com dumpscafe.com was founded in 2007. We provide latest & high quality IT / Business Certification Training Exam Questions, Study Guides, Practice Tests. We help you pass any IT / Business Certification Exams with 100% Pass Guaranteed or Full Refund. Especially Cisco, CompTIA, Citrix, EMC, HP, Oracle, VMware, Juniper, Check Point, LPI, Nortel, EXIN and so on. 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