Real Estate Massachusetts-Real-Estate-Salesperson Questions & Answers - in .pdf
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- Update: Jun 22, 2026
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- Vendor: Real Estate
- Exam Code: Massachusetts-Real-Estate-Salesperson
- Exam Name: Massachusetts Real Estate Salesperson Exam
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Real Estate Massachusetts Real Estate Salesperson Sample Questions:
1. Which of the following property valuation estimates or reports would have to be prepared by a licensed or certified appraiser?
A) a value analysis for a non-residential property valued below $250,000
B) a reconciliation report for an FHA loan
C) a comparative market analysis
D) a broker's price opinion
2. 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
3. A building was purchased for $350,000 with a 20% down payment. If the lender charged the buyer three discount points, how much will the buyer need to close?
A) $61,600
B) $360,500
C) $80,500
D) $78,400
4. To be legally binding, a listing agreement can be signed for the owner by the
A) attorney-in-fact.
B) owner's heirs apparent.
C) broker, upon telephone instructions from the owner.
D) trust beneficiary acting under a valid trust.
5. A buyer is purchasing a $625,000 property. The lender requires a 20% down payment to avoid mortgage insurance. The buyer provided $5,000 in earnest money. The buyer closing costs are $13,000. What is the amount the buyer must bring to settlement to close the transaction?
A) $143,000
B) $120,000
C) $138,000
D) $133,000
Solutions:
Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: D |
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