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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

A homeowner sells a single-family house and purchases the right to occupy a unit in a cooperative building.
What does the purchaser generally acquire?

A. An easement in gross
B. Fee-simple title directly to the apartment
C. A life estate in the entire building
D. Shares or membership interest in the cooperative entity together with a proprietary lease

Question 2

A mortgage requires regular payments that do not fully repay the principal during the loan term and therefore requires one unusually large final payment. What type of mortgage is this?

A. Balloon mortgage
B. Reverse mortgage
C. Fully amortized mortgage
D. Blanket mortgage

Question 3

Under Massachusetts law in 2026, what automatic homestead protection is generally available for a qualifying principal residence even if no homestead declaration has been recorded?

A. $500,000
B. $25,000
C. $125,000
D. $1,000,000

Question 4

Which of the following agreements may be enforceable in Massachusetts even if made orally, assuming no other legal defect?

A. A purchase-and-sale agreement transferring real property
B. A real estate listing agreement
C. A contract for the sale of real estate
D. A twenty-year lease of real estate

Question 5

Deposit money received by a salesperson must be turned over to the salesperson ' s broker

A. At the signing of the purchase and sale agreement.
B. At the date specified in the offer to purchase.
C. Within three days.
D. Immediately.

Solutions: