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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
| Topic 1: National Portion | 67% | - Land Use Controls and Regulations
- 1. Public and private restrictions
- 2. Zoning and planning
- 3. Environmental regulations
- Financing
- 1. Mortgage types and terms
- 2. Lending regulations (RESPA, TILA)
- 3. Loan qualification and closing
- Agency Relationships and Duties
- 1. Fiduciary responsibilities
- 2. Disclosure requirements
- 3. Types of agency
- Real Estate Calculations
- 1. Tax and investment math
- 2. Commission and proration
- Property Disclosures
- 1. Hazard and environmental disclosures
- 2. Seller obligations
- Transfer of Title
- 1. Closing procedures and costs
- 2. Deeds and title insurance
- Property Ownership
- 1. Types of ownership
- 2. Land characteristics and legal descriptions
- 3. Encumbrances and easements
- Real Estate Practice
- 1. Advertising and fair housing
- 2. License law and ethics
- 3. Antitrust and business practices
- Valuation and Market Analysis
- 1. Appraisal methods
- 2. Market value vs cost vs price
- 3. Comparative Market Analysis
- Contracts
- 1. Listing and purchase agreements
- 2. Contingencies and amendments
- 3. Elements of valid contracts
|
| Topic 2: Massachusetts State Portion | 33% | - Fair Housing and Consumer Protection
- 1. Consumer protection regulations
- 2. Massachusetts anti-discrimination laws
- Massachusetts Real Estate Law
- 1. Attorney role in transactions
- 2. State-specific contract rules
- 3. Lead paint and environmental laws
- Board Regulations and Licensing
- 1. Powers and duties of the Board
- 2. Licensing requirements and renewal
- 3. Grounds for discipline
- Landlord-Tenant Law
- 1. Lease requirements and obligations
- 2. Eviction and security deposit rules
- State-Specific Practices
- 1. Transaction procedures
- 2. Agency and disclosure rules
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
1. When real estate brokers and salespersons engage in renting residential dwelling units, they must provide a prospective tenant with written notice of the
A) Name and address of the landlord.
B) Amount of the rent.
C) Amount of fee, if any, that the prospective tenant will have to pay for the broker's services.
D) Presence of any sex offenders living in the neighborhood.
2. When a licensee is hired to find a tenant for a summer vacation home on Cape Cod built in 1950, for a period of two weeks,
A) The Massachusetts Fair Housing Law does not apply.
B) An unlicensed assistant may handle the transaction.
C) There is no limit on the amount of the security deposit.
D) The Massachusetts Lead Law is not applicable.
3. The need to protect the public's health and safety against poor construction practices has resulted in the enactment of
A) building codes.
B) zoning committees.
C) zoning ordinances.
D) restrictive deed conditions.
4. An example of modular construction is
A) prefabricated housing.
B) a home used as a model.
C) a log cabin.
D) an apartment building.
5. A buyer makes an offer on a property and asks the Seller's broker to recommend a good home inspector. The Seller's broker may
A) Provide the complete list of home inspectors prepared by the Commonwealth of Massachusetts.
B) Provide a list of no fewer than 20 licensed home inspectors in the county where the property is located.
C) Provide business cards of local home inspectors.
D) Recommend a specific home inspector.
Solutions:
Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |