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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A motel is the subject of an appraisal and it is determined that a rerouting of a county highway has limited customer access to the motel. This is an example of

A) regression.
B) landlocked property.
C) functional obsolescence.
D) economic obsolescence.

2. The broker has a single agency relationship with the seller. The broker will show the property to a buyer who is a customer. The broker must disclose that the

A) home has a lake view.
B) home has a leaky roof in heavy rains.
C) seller needs to move soon.
D) seller does not like the next door neighbor.

3. Which of the following is true of a quitclaim deed?

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

4. Quality Supermarkets has taken occupancy of a retail building and has a long-term lease. As part of their fit- up, they bolt to the floor their meat and dairy coolers, shelves, and check-out stands.
When Quality Supermarkets vacates the property at the end of the lease, will Quality Supermarkets be legally entitled to remove these fixtures?

A) Yes, if removed prior to the end of the lease.
B) No, because they are trade fixtures.
C) Yes, because they are appurtenances.
D) No, because they are bolted to the floor.

5. Which of the following assurances is provided to home buyers who purchase a $75,000 property with an FHA- insured mortgage?

A) The property has been appraised for value.
B) A down payment is not required.
C) The neighborhood values will increase.
D) The property is not subject to eminent domain.

Solutions: