Real Estate Massachusetts-Real-Estate-Salesperson - Massachusetts Real Estate Salesperson Exam

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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. Prospective buyers for a house want to operate a recycling center in their backyard. Local zoning laws do not allow this. What do they need to do first?

A) Obtain a variance or special exception.
B) Obtain a modification to the local master plan.
C) File an appeal with the local court.
D) Obtain a building permit.

2. An example of modular construction is

A) a log cabin.
B) prefabricated housing.
C) an apartment building.
D) a home used as a model.

3. A married couple owns property as tenants by the entirety. If they were to divorce, their ownership would be

A) Joint tenancy.
B) Tenancy in severalty.
C) Tenancy in common.
D) Tenancy by the entirety.

4. The purpose of Regulation Z is to

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

5. What type of loan would allow homeowners to utilize the equity built up in their home without having to sell?

A) sale-and-leaseback
B) reverse mortgage
C) accelerated mortgage
D) graduated payment

Solutions: