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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present

A) all offers to the seller.
B) only cash offers to the seller.
C) the highest cash offer to the seller.
D) the highest offer to the seller.

2. A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?

A) The offer most favorable to the seller, including price and all terms
B) The offer with the highest sale price
C) All three of the offers
D) The first offer received

3. What type of relationship does NOT require confidentiality?

A) Facilitator
B) Seller agency
C) Dual agency
D) Buyer agency

4. A broker has listed a property for $225,000. An offer of $210,000 contingent upon inspection comes in the first week and the seller accepts it. Another offer of $205,000 comes in the second week. The seller accepts it as a secondary offer contingent upon the termination of the first offer. The first offeror demands the seller spend $5,000 in repairs before going through with the purchase. The seller may do any of the following EXCEPT

A) agree to do the needed repairs and consummate the transaction with the first offeror.
B) terminate the first agreement in writing and sell to the second offeror.
C) ignore the demand and sell the property to the second offeror.
D) refuse to do the repairs and still proceed with the sale in as-is condition.

5. A buyer wants to purchase a home for $275,000 with a 20% down payment. The lender charges 2.25 points.
How much money does the buyer need up front to make the purchase?

A) $55,000
B) $59,950
C) $56,238
D) $61,188

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