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Real Estate Massachusetts Real Estate Salesperson Exam Sample Questions (Q76-Q81):

NEW QUESTION # 76
A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker's right to be compensated and to work with other clients, this means that during the term of this agreement, the broker

A. is only due compensation if the buyer purchases one of the broker's listings.
B. must be compensated by the seller.
C. may not show a property to other buyers until the buyer decides if they want to make an offer.
D. is entitled to compensation even if the buyer purchases a property that they locate.

Answer: D

Explanation:
An exclusive buyer agency agreement creates a contractual relationship between the buyer and the broker, obligating the buyer to compensate the broker if they purchase any property during the agreement period - regardless of who finds the property (buyer, another broker, or even a FSBO).
This ensures the broker is compensated for their time, loyalty, and fiduciary duties. However, the agreement does not prevent the broker from working with other clients at the same time.
Incorrect options:
A: Compensation may come from the seller's broker via cooperation, but the buyer is ultimately responsible.
B: Compensation applies to any property, not only the broker's listings.
D: Brokers can still show properties to other buyers; exclusivity applies to the client relationship, not the broker's business.
Correct answer: C.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Agency Agreements; M.G.L. c.
112, 87AAA.

NEW QUESTION # 77
A buyer wants to purchase a home for $150,000 with a 30% down payment. The lender charges 1.75 points.
How much money does the buyer need up front to make the purchase?

A. $45,788
B. $45,000
C. $47,625
D. $46,838

Answer: C

Explanation:
45,000+1,837.50=46,837.50

Rounded, the buyer needs $47,625 up front.
Thus, the correct answer is B.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Financing & Math (Points, Down Payments, Loan Calculations).

NEW QUESTION # 78
An offer of $569,000 is verbally accepted by a seller. Two hours later an offer of $589,000 is presented to the seller, which the seller accepts in writing. Based on the above situation the first buyer is

A. Entitled to an additional offer.
B. Not entitled to purchase the property.
C. Not entitled to the status as a backup offer.
D. Entitled to purchase the property.

Answer: B

Explanation:
Under Massachusetts law and the Statute of Frauds (M.G.L. c. 259), all contracts for the sale of real property must be in writing and signed to be enforceable. A verbal acceptance of an offer does not create a binding real estate contract. Therefore, when the seller verbally accepted the first offer of $569,000, no enforceable agreement was formed.
Later, when the seller accepted the $589,000 offer in writing, that acceptance created the first legally binding contract because it was in writing and signed. The first buyer cannot compel the seller to sell to them, as there was no enforceable written agreement.
Thus, the first buyer is not entitled to purchase the property. Only the second, written offer created enforceable contractual rights.
Reference: Massachusetts General Laws Chapter 259 (Statute of Frauds); Massachusetts Real Estate Candidate Information Bulletin, Section: Contracts.

NEW QUESTION # 79
What kind of lease would require the lessee to pay the taxes, insurance, repairs, and other operating expenses of the premises in addition to the regular rental payment?

A. graduated lease
B. percentage lease
C. net lease
D. gross lease

Answer: C

Explanation:
In a net lease, the tenant (lessee) is responsible not only for the base rent but also for additional property expenses such as real estate taxes, insurance, maintenance, and sometimes repairs. This is common in commercial leasing, particularly for office buildings and retail space.
A gross lease (B) means the landlord pays all expenses, while the tenant pays only rent. A percentage lease (A) bases rent partly on tenant sales (common in retail malls). A graduated lease (C) allows rent increases at set intervals.
Because the question describes a tenant paying rent plus taxes, insurance, and operating expenses, this is a net lease.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Leasing & Property Management; Commercial Leasing Practices.

NEW QUESTION # 80
Which of the following best completes the following metes and bounds description? "Beginning at the intersection of Bunker Hill Road and Munson Avenue, thence 150 feet south; thence 85 feet west; thence 150 feet north; thence"

A. 85 feet east to the Point of Beginning.
B. 150 feet south to the Point of Beginning.
C. 85 feet west to the Point of Beginning.
D. 150 feet west to the Point of Beginning.

Answer: A

Explanation:
Comprehensive and Detailed Explanation (150-250 words):
A metes and bounds description closes by returning to the Point of Beginning (POB) using the necessary final course to complete the perimeter. Here, the sequence runs: 150 feet south, 85 feet west, and 150 feet north.
After going south 150' and later north 150', you are back aligned with the original east-west line at the POB but 85 feet west of it. To close, you must travel 85 feet east back to the POB. Therefore, the only correct final call is "85 feet east to the Point of Beginning." This reflects the standard principle that metes and bounds must form a closed polygon, ending exactly where they started. Massachusetts exam content treats metes and bounds as a valid legal description method emphasizing a closed traverse that returns to the POB and uses calls of direction and distance to define boundaries precisely.
References: Massachusetts Real Estate Salesperson Candidate Handbook - Property Ownership & Legal Descriptions; Modern Real Estate Practice (legal descriptions: metes and bounds).

NEW QUESTION # 81
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New Real Estate Massachusetts-Real-Estate-Salesperson Test Online - Massachusetts-Real-Estate-Salesperson Real Dump

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Real Estate Massachusetts Real Estate Salesperson Exam Sample Questions (Q76-Q81):

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