Question 1

A home warranty for a previously owned home would usually cover which of the following items?

Options :

A : structure or flooding issues after closing

B : only home systems such as the roof, plumbing, and foundation

C : major appliances and home systems such as electric, heating, and plumbing

D : major appliances, the buyer's personal property, and any seller added fixtures

Answer: C

Question 2

A first-year licensee without either a degree in finance, or a strong background in real estate investment should generally refrain from

Options :

A : listing commercial income property.

B : representing an owner who wants to sell raw land to a developer.

C : representing a first time home buyer.

D : acting as the seller's agent in selling an oceanfront lot to a retiree.

Answer: A

Question 3

Under an option to buy, the ownership of land will change when the

Options :

A : option is signed by the parties.

B : optionor does not fulfill the obligation.

C : optionee exercises the option.

D : specified time has expired.

Answer: C

Question 4

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?

Options :

A : All three of the offers

B : The first offer received

C : The offer with the highest sale price

D : The offer most favorable to the seller, including price and all terms

Answer: A

Question 5

An advertisement emphasizes information meant to appeal to a particular ethnic or national group in an effort to maintain the character of the neighborhood. From the viewpoint of the federal Fair Housing Act, this could constitute a violation known as

Options :

A : steering.

B : redlining.

C : blockbusting.

D : panic selling.

Answer: A

Free Massachusetts-Real-Estate-Salesperson Mock Exam – Practice Online Confidently

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