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[Hardware] New Massachusetts-Real-Estate-Salesperson Exam Questions - Massachusetts-Real-Es

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【Hardware】 New Massachusetts-Real-Estate-Salesperson Exam Questions - Massachusetts-Real-Es

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Real Estate Massachusetts Real Estate Salesperson Exam Sample Questions (Q94-Q99):NEW QUESTION # 94
Active licensees renewing a real estate license must have completed how many hours of continuing education during the two years prior to the scheduled renewal?
  • A. Twelve
  • B. Four
  • C. Sixteen
  • D. Six
Answer: D
Explanation:
In Massachusetts, active real estate licensees are required to complete 12 hours of continuing education (CE) during the two-year period prior to their license renewal. This education is essential to ensure that real estate professionals stay updated on industry changes, including legal updates, ethical practices, and the latest regulations.
Among the 12 hours, 3 hours must be focused on the legal aspects of real estate, while the remaining 9 hours can be chosen from various real estate topics, such as ethics, property management, or fair housing laws.
Thus, the correct answer is that six hours are required for continuing education, not 4, 12, or 16.
Reference: 254 CMR 6.00 - Continuing Education Requirements; Massachusetts Real Estate License Law.

NEW QUESTION # 95
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. may not show a property to other buyers until the buyer decides if they want to make an offer.
  • B. is entitled to compensation even if the buyer purchases a property that they locate.
  • C. must be compensated by the seller.
  • D. is only due compensation if the buyer purchases one of the broker's listings.
Answer: B
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 # 96
Under an option to buy, the ownership of land will change when the
  • A. specified time has expired.
  • B. optionor does not fulfill the obligation.
  • C. optionee exercises the option.
  • D. option is signed by the parties.
Answer: C
Explanation:
Comprehensive and Detailed Explanation (150-250 words):
An option to buy is a unilateral contract where the seller (optionor) gives the buyer (optionee) the exclusive right to purchase property within a set period at agreed terms. Ownership does not transfer when the option is signed - only when the optionee exercises the option and a purchase contract is completed.
A: The option itself does not transfer ownership.
B: Optionor has no further obligations beyond honoring the option.
D: Expiration ends the option with no transfer.
Thus, title passes only after the optionee exercises the option and proceeds with purchase.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Contracts; Options in Real Estate.

NEW QUESTION # 97
If a lender has granted a VA-guaranteed loan to a veteran, the veteran
  • A. makes the down payment directly to the VA.
  • B. cannot prepay any of the principal amount of the loan.
  • C. cannot apply for another VA loan in the veteran's lifetime.
  • D. may sell the property to another veteran who assumes the loan.
Answer: D
Explanation:
Comprehensive and Detailed Explanation (150-250 words):
A VA-guaranteed loan allows veterans to purchase with little or no down payment. Once the loan is made, the veteran deals directly with the lender - not the VA. The VA guarantees repayment to the lender if default occurs.
A: Down payments, if required, are paid to the lender, not the VA.
B: Veterans may obtain multiple VA loans in a lifetime, depending on eligibility and entitlement.
C: VA loans allow prepayment without penalty.
D: VA loans are assumable, meaning another veteran (or even non-veteran, with lender approval) may assume the existing financing, often a benefit if the loan has a favorable interest rate.
Correct answer: D.
Reference: VA Lender's Handbook; Massachusetts Real Estate Salesperson Candidate Handbook - Financing
/VA Loans.

NEW QUESTION # 98
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. 85 feet west to the Point of Beginning.
  • C. 150 feet west to the Point of Beginning.
  • D. 150 feet south 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 # 99
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