PDF Version DemoReal Estate Massachusetts Real Estate Salesperson Sample Questions:
1. An escrow or trust account is often held by a lender to pay
A) the bank's outstanding invoices.
B) interest on a loan.
C) mortgage payments.
D) property taxes and insurance payments.
2. A broker may withdraw money from the broker's escrow account
A) When ordered by the seller's attorney.
B) When the transaction has been consummated.
C) To cover the broker's commission.
D) To pay for advertising expenses related to the sale.
3. The need to protect the public's health and safety against poor construction practices has resulted in the enactment of
A) building codes.
B) zoning ordinances.
C) restrictive deed conditions.
D) zoning committees.
4. Which of the following is among the typical responsibilities of a residential property manager?
A) selecting tenants to provide a diverse environment
B) making decisions about structural changes that will enhance the property value
C) requesting that the tenant's employer withhold the past due rent from wages
D) negotiating leases between the property owner and potential tenants
5. A tenant in a building that is being converted to condominiums is required to receive an opportunity to purchase the unit the tenant occupies at terms
A) 15% less than that offered to the general public.
B) Equal to or better than that offered to the general public.
C) 20% less than that offered to the general public.
D) At a monthly payment equal to the tenant's current monthly rent.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |
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