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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: National Real Estate Principles & Practices | - Property Ownership
|
| Topic 2: Massachusetts State-Specific Real Estate Law | - State Licensing Laws
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
Two top licensees in a small town have agreed not to show listings of a new real estate firm charging a low commission rate to sellers. This behavior is a violation of the
- A. Equal Credit Opportunity Act.
- B. federal fair housing laws.
- C. Blue-Sky laws.
- D. Sherman Antitrust Act.
Correct Answer: D 🗳️
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The commission rate included in a listing contract is determined by
- A. negotiation.
- B. national trade organizations.
- C. state statute.
- D. local custom.
Correct Answer: A 🗳️
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Which federal law governs many settlement-service practices for federally related residential mortgage loans and prohibits specified kickbacks and unearned referral fees?
- A. RESPA
- B. Fair Housing Act only
- C. Americans with Disabilities Act
- D. Sherman Act only
Correct Answer: A 🗳️
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What is the legally established "standard" real estate commission rate in Massachusetts?
- A. 5%
- B. 4%
- C. No statutory standard; compensation is negotiable
- D. 6%
Correct Answer: C 🗳️
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Before an offer has been accepted, can the offeree revoke that offer?
- A. Yes
- B. Yes, after the stated deadline
- C. No
- D. Yes, if the offer has not been accepted in writing
Correct Answer: C 🗳️
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