Free Real Estate Massachusetts-Real-Estate-Salesperson Exam Dumps Questions & Answers

A broker received a birthday check from a client. The broker decided to put it in the escrow account because it was from a client. This is

• A.  acceptable if the client has had a transaction within the last 18 months.
• B.  conversion.
• C.  acceptable if the check was written on the client's business account.
• D.  commingling.

An example of modular construction is

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

A buyer wants to purchase a home for $275,000 with a 20% down payment. The lender charges 2.25 points.
How much money does the buyer need up front to make the purchase?

• A.  $59,950
• B.  $61,188
• C.  $55,000
• D.  $56,238

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

In a jurisdiction where a seller's property condition disclosure is required, the licensee is responsible for

• A.  ensuring that the buyer receives the property disclosure before the contract is finalized.
• B.  completing the property condition disclosure.
• C.  checking the disclosure for accuracy and ensuring that the buyer receives it before closing.
• D.  ensuring that the seller complete the property condition disclosure before closing.