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Exam Vce Real Estate Massachusetts-Real-Estate-Salesperson Free - Demo Massachusetts-Real-Estate-Salesperson Test

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Real Estate Massachusetts Real Estate Salesperson Exam Sample Questions (Q55-Q60):

NEW QUESTION # 55
In Massachusetts, deeds are recorded at the

A. County registry.
B. Massachusetts Board of Registration.
C. City or town hall.
D. State registry.

Answer: A

Explanation:
In Massachusetts, deeds are recorded at the county registry of deeds. The county registry is where all real estate documents (such as deeds, mortgages, and liens) are officially recorded. These records are public and provide legal notice of ownership and other property rights.
City or town halls may have certain records, such as local property tax assessments, but deeds must be recorded at the county level. The Massachusetts Board of Registration handles licensing and disciplinary actions for real estate professionals, but it does not record deeds.
Reference: M.G.L. c. 36, 1-10; Massachusetts Real Estate Candidate Information Bulletin - Property Records.

NEW QUESTION # 56
Based on the common law of agency, which of the following would always be an agent's duty?

A. hiring a contractor to repair a listing with a leaky roof
B. placing the interests of the principal above all others, including the agent's own interests
C. analyzing the preliminary title report and advising the buyer regarding exceptions listed
D. disclosing that the reason a client is selling is an impending divorce

Answer: B

Explanation:
The common law of agency requires real estate licensees to act in the best interests of their principal (the client). The six fiduciary duties are: obedience, loyalty, disclosure, confidentiality, accounting, and reasonable care/diligence.
The most fundamental of these is loyalty - meaning the agent must always place the client's interests above all others, including their own.
Hiring a contractor (A) goes beyond the agent's authority unless authorized.
Disclosing divorce (B) would breach confidentiality, not fulfill a duty.
Analyzing legal title exceptions (C) constitutes unauthorized legal practice.
Thus, the correct answer is D: placing the principal's interests first.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Agency Law; Common Law Fiduciary Duties.

NEW QUESTION # 57
A buyer is purchasing a 3-acre property and is paying $12,000 per acre. The cooperating fee is 3½% of the sale price. The buyer's agent will receive 55% of the cooperating fee from a broker. How much commission did the buyer's agent receive?

A. $693
B. $1,386
C. $1,260
D. $231

Answer: A

Explanation:

Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Math & Commissions.

NEW QUESTION # 58
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 property management contract.
B. a contract of sale.
C. an option contract.
D. a listing contract.

Answer: D

Explanation:
Comprehensive and Detailed Explanation (150-250 words):
A listing contract is an agreement in which a property owner employs a broker to find a ready, willing, and able buyer on specified terms. In this case, the owner of a 20-unit apartment building hires a licensee for that purpose.
A (option contract): gives a buyer the right to purchase property within a set time, not relevant here.
C (property management contract): involves ongoing operation of rental property, not selling it.
D (contract of sale): is the purchase agreement between buyer and seller, not the employment of a broker.
Therefore, the agreement described is a listing contract.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Contracts; Brokerage Agreements.

NEW QUESTION # 59
A 2-year lease on a property has expired. The owner permits the tenant to remain in the house while a new lease is being negotiated. Which of the following types of interest does the tenant now have?

A. tenancy at will
B. tenancy at sufferance
C. tenancy in common
D. tenancy from year to year

Answer: A

Explanation:
Comprehensive and Detailed Explanation (150-250 words):
When a lease expires and the tenant remains in possession with the landlord's consent, the tenancy becomes a tenancy at will. This means the tenant occupies the property with the owner's permission but without a fixed lease term. Either party may terminate the tenancy with proper notice, as required by law.
A: Tenancy from year to year (periodic tenancy) arises when rent is paid at regular intervals without a defined end.
C: Tenancy in common refers to ownership, not leasing.
D: Tenancy at sufferance occurs when the tenant remains without the landlord's consent.
Since the landlord has permitted occupancy during negotiation, the correct answer is B: tenancy at will.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Leases; M.G.L. c.186 (Landlord- Tenant Law).

NEW QUESTION # 60
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Jim Stone Jim Stone

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