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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. On which of the following must the landlord pay interest when collecting first month, last month, and security deposit?

A) Security deposit and last month
B) First month only
C) Only if they are deposited in an interest-bearing account
D) Last month only

2. A married couple owns property as tenants by the entirety. If they were to divorce, their ownership would be

A) Joint tenancy.
B) Tenancy by the entirety.
C) Tenancy in common.
D) Tenancy in severalty.

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

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

4. In a firm whose business model is designated agency, who represents the client named in the consumer licensee disclosure form?

A) All the licensees
B) Only the individual agent(s) named on the consumer licensee disclosure form
C) All other designated buyer agents
D) All other designated seller agents

5. A prospective tenant wishes to rent an apartment and is told by the owner that the owner does not want to rent to anyone with children because of the lead paint. The prospective tenant, who has children ages four, six, and nine years old, is not concerned about lead paint and wants to rent the apartment for six months. The owner agrees to lease them the unit. Concerning the lead paint, the owner must

A) De-lead or make lead-safe whether the tenant requires it or not.
B) Not de-lead because this is only a six-month lease.
C) Write into the lease that the tenant has agreed that de-leading is not necessary.
D) Wait to de-lead until the owner has sufficient funds.

Solutions: