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

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

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

Question 2

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

Question 3

If a lender has granted a VA-guaranteed loan to a veteran, the veteran

A. cannot prepay any of the principal amount of the loan.
B. cannot apply for another VA loan in the veteran's lifetime.
C. may sell the property to another veteran who assumes the loan.
D. makes the down payment directly to the VA.

Question 4

Which of the following is true of a quitclaim deed?

A. It cannot be recorded.
B. It cannot be used to transfer a title held in fee simple.
C. It has warranties similar to a special warranty deed.
D. It can be used to remove a cloud on a title.

Question 5

Which of the following is true about mortgage assumptions?

A. The buyer is relieved of personal liability.
B. The buyer is required to sign a new mortgage note.
C. The seller may or may not be released from liability.
D. The mortgagee automatically releases the seller upon receipt of a warranty deed.

Solutions: