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[General] Massachusetts-Real-Estate-SalespersonԇY} & Massachusetts-Real-Estate-Salesp

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General Massachusetts-Real-Estate-SalespersonԇY} & Massachusetts-Real-Estate-Salesp

Posted at 1/18/2026 10:39:48      View203 | Replies3        Print      Only Author   [Copy Link] 1#
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Real Estate Massachusetts Real Estate Salesperson Exam J Massachusetts-Real-Estate-Salesperson ԇY} (Q73-Q78):| # 73
A broker has been engaged to locate a property for a buyer. The broker has determined that a suitable property for the buyer is for sale and is owned by the broker's cousin. The broker has not informed the buyer of the broker's relationship with the owner. If the buyer purchases the property under these circumstances, the broker is
  • A. Violating the license law because it is illegal to purchase family property for a principal.
  • B. Violating the license law because a relative's interest shall be made known to all parties.
  • C. Not violating the license law because the broker in this situation has no duty of disclosure.
  • D. Not violating the license law because a relative's interest is an exception to the fiduciary duty rule.
⣺B
h
Under Massachusetts real estate license law, a broker must disclose any personal interest, or the interest of an immediate family member, in a transaction to all parties. This is a matter of fiduciary duty and is explicitly required under 254 CMR 3.00.
Failing to disclose that the seller is the broker's cousin constitutes a conflict of interest and violates the duty of loyalty, disclosure, and honesty to the client (the buyer). While it is not illegal to buy or sell property involving relatives, the relationship must always be made known to avoid misrepresentation or concealment of material facts.
Therefore, the broker is in violation because the familial relationship was not disclosed.
Reference: 254 CMR 3.00 - Duties of Licensees; M.G.L. c. 112, 87AAA; Massachusetts Real Estate Candidate Information Bulletin - Agency & Disclosure.

| # 74
The city wishes to purchase a parcel of property to be used as a cloverleaf for access to the nearby interstate.
The landowner refuses to sell. To acquire title to the property, the city will initiate a process of
  • A. escheat.
  • B. accession.
  • C. condemnation.
  • D. negotiation.
⣺C
h
Government entities have the power of eminent domain, the right to acquire private property for public use, provided that just compensation is paid to the owner. When an owner refuses to sell, the legal process used to exercise this power is called condemnation.
Accession (A): acquiring land through natural forces (e.g., accretion).
Negotiation (B): voluntary agreement, not forced.
Escheat (D): reversion of property to the state when someone dies without heirs or a will.
Because the city is taking land for a highway project, the correct answer is C: condemnation.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Government Powers; M.G.L. c.79 (Eminent Domain).

| # 75
A buyer is purchasing a 3-acre property and is paying $12,000 per acre. The cooperating fee is 3½% of the sale price. The buyer's agent will receive 55% of the cooperating fee from a broker. How much commission did the buyer's agent receive?
  • A. $231
  • B. $1,386
  • C. $693
  • D. $1,260
⣺C
h

Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Math & Commissions.

| # 76
Which of the following groups are protected under the Massachusetts Fair Housing Laws?
  • A. Smokers
  • B. Sex offenders
  • C. Students
  • D. Public assistance recipients
⣺D
h
The Massachusetts Fair Housing Law (M.G.L. c. 151B) prohibits discrimination based on race, color, religion, sex, sexual orientation, gender identity, national origin, familial status, disability, and receipt of public assistance.
This includes protection for individuals who are recipients of public assistance (e.g., Section 8 housing voucher recipients). Sex offenders, students, and smokers are not protected classes under the law. While landlords can regulate smoking and may have policies on students or criminal history, they cannot discriminate based on receipt of public assistance, which is a specifically protected category under Massachusetts law.
Reference: M.G.L. c. 151B; Massachusetts Fair Housing Guidelines.

| # 77
Which of the following is true about a competitive market analysis?
  • A. It is employed for insurance purposes.
  • B. It is useful to the buyer as well as to the seller.
  • C. It is usually based on local tax assessment.
  • D. It is used to establish depreciable value.
⣺B
h
Comprehensive and Detailed Explanation (150-250 words):
A competitive market analysis (CMA) is a tool prepared by real estate licensees to help sellers establish a listing price and to help buyers determine an appropriate offer. It compares recent sales of similar properties, active listings, and expired listings to estimate a property's fair market value.
A: Insurance companies use replacement cost appraisals, not CMAs.
B: Depreciable value is for tax accounting and appraisals, not CMAs.
C: Local tax assessments do not typically reflect current market value and are not the basis of a CMA.
Because it helps both sellers and buyers understand market value, the correct answer is D.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Valuation and Market Analysis.

| # 78
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Posted at 2/3/2026 03:38:58        Only Author  2#
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