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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A rectangular lot contains 16,500 square feet. It has a depth of 150 feet. Each of two adjacent rectangular lots contains 4,950 square feet with a depth of 150 feet. What is the total street frontage of the three lots in linear feet?

A) 159
B) 133
C) 176
D) 143

2. A licensee must provide disclosure of licensed status when acting as a principal if

A) any relative of the licensee has ever lived in the residence.
B) the licensee does not have errors and omission insurance.
C) the licensee has any economic interest in the property.
D) the agent of the other party asks about this specifically.

3. Which of the following is used in the cost approach when estimating the value of improvements?

A) How much it would cost to build a similar building at today's cost.
B) The assessed value of the property including the land.
C) The price per square foot of comparable properties.
D) Location, available financing, and depreciation.

4. The need to protect the public's health and safety against poor construction practices has resulted in the enactment of

A) restrictive deed conditions.
B) zoning committees.
C) zoning ordinances.
D) building codes.

5. A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A) nonexclusive buyer-agency
B) exclusive right to sell
C) exclusive agency representation
D) nonexclusive right-to-lease

Solutions: