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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Massachusetts State Portion | 33% | - Landlord-Tenant Law
|
| National Portion | 67% | - Transfer of Title
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
What type of relationship does NOT require confidentiality?
- A. Facilitator
- B. Buyer agency
- C. Dual agency
- D. Seller agency
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. The broker has what type of agency relationship with the parties?
- A. seller agency, no agency relationship with buyer
- B. seller agency, buyer sub-agency
- C. dual agency
- D. no agency relationship; in this situation the broker becomes a facilitator only
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
Which appraisal approach is ordinarily used most heavily when valuing a typical owner-occupied single- family residence for which sufficient comparable sales exist?
- A. Sales comparison approach
- B. Income capitalization approach
- C. Cost approach only
- D. Gross income multiplier only
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
A single homeowner bought a principal residence for $177,800 and later sells it for $306,100 after owning and occupying it as the main home for at least two of the five years preceding the sale. Ignoring basis adjustments and assuming all eligibility requirements are satisfied, how much of the $128,300 gain is taxable under the federal home-sale exclusion?
- A. $64,150
- B. $128,300
- C. $0
- D. $78,300
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
For a standard qualifying FHA purchase mortgage, what is the current minimum required investment that can permit a down payment as low as:
- A. 3%
- B. 10%
- C. 3.5%
- D. 0%
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).

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