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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A contract in which a licensee is employed by an owner to find a buyer for a 20-unit apartment building is most likely

A) a listing contract.
B) a property management contract.
C) an option contract.
D) a contract of sale.

2. The purpose of Regulation Z is to

A) regulate interest charges.
B) set maximum interest charges.
C) inform the borrower of credit costs.
D) control the use of credit.

3. To be legally binding, a listing agreement can be signed for the owner by the

A) broker, upon telephone instructions from the owner.
B) trust beneficiary acting under a valid trust.
C) attorney-in-fact.
D) owner's heirs apparent.

4. 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) 176
B) 159
C) 133
D) 143

5. A salesperson's client is the lessee. Who does the salesperson represent?

A) landlord
B) tenant
C) lender
D) lien holder

Solutions: