[Mar-2026] Latest Massachusetts-Real-Estate-Salesperson Exam Dumps for Pass Guaranteed
Reliable Massachusetts Real Estate Massachusetts-Real-Estate-Salesperson Dumps PDF Mar 10, 2026 Recently Updated Questions
NEW QUESTION # 65
A veteran has applied for a VA loan to purchase a house with a sale price of $90,000. The Department of Veterans Affairs (VA) appraised the house at $85,000. In this situation, the veteran
- A. may buy the property with the VA loan only if the seller agrees to take back a second mortgage for
$5,000. - B. cannot secure a VA loan because such loans are limited to a maximum of $75,000.
- C. may buy the property with the VA loan only if the price is reduced to $85,000.
- D. may use the VA loan to buy the house after making a down payment of $5,000.
Answer: D
Explanation:
Comprehensive and Detailed Explanation (150-250 words):
The VA loan program guarantees part of the loan, but it is always based on the VA's Notice of Value (NOV), which is capped at the appraised value ($85,000 in this case). The veteran may still purchase at the higher price ($90,000), but must make up the difference in cash:
90
,
000
#
85
,
000
=
5
,
000
90,000#85,000=5,000
Thus, the veteran can proceed with a $5,000 down payment plus the VA-guaranteed loan of $85,000.
B: Incorrect; VA loans are not capped at $75,000.
C: The seller does not have to lower the price, though they may.
D: VA loans do not allow secondary financing to cover the appraisal gap.
Correct answer: A.
Reference: VA Lender's Handbook (Chapter 3 - The Appraisal Process); Massachusetts Real Estate Salesperson Candidate Handbook - Financing/VA Loans.
NEW QUESTION # 66
Broker N has five affiliated salespersons. On Monday at 10:00 a.m., Salesperson J submitted an offer to purchase from a prospective buyer. The offer price was $300,000. An hour later, Salesperson R submitted an offer of $296,000. However, Broker N held the second offer until the seller rejected the first offer. Broker N's conduct in this situation is
- A. Not permissible because a broker must present all offers to the principal forthwith.
- B. Not permissible because a broker must inform all potential buyers of existing offers.
- C. Permissible as long as both salespeople knew of Broker N's action.
- D. Permissible as long as both salespeople share a commission on either of the offers accepted by the seller.
Answer: A
Explanation:
Massachusetts law and professional practice require that all offers must be presented to the seller forthwith (immediately). A broker may not withhold or delay offers, regardless of their order of arrival, price, or terms.
In this scenario, Broker N violated fiduciary duty to the seller by withholding the second $296,000 offer until the first was rejected. The seller is entitled to see all offers promptly in order to make an informed decision.
The broker has no authority to filter, delay, or prioritize offers.
The law does not require informing other buyers about competing offers (that would be a separate issue of disclosure), but the broker's obligation is always to the client-the seller-to present all offers immediately.
Reference: 254 CMR 3.00 - Duties of Licensees; NAR Code of Ethics, Article 1.
NEW QUESTION # 67
The Massachusetts Consumer Protection Act requires that
- A. The broker disclose known material defects.
- B. The seller's information be kept confidential.
- C. The buyer be informed of all offers.
- D. The seller disclose all offers received.
Answer: A
Explanation:
The Massachusetts Consumer Protection Act (M.G.L. c. 93A) prohibits unfair or deceptive practices in trade or commerce. In real estate, this means that a broker must disclose known material defects to prospective buyers. Failing to do so constitutes a deceptive act and can subject the broker to liability, including double or treble damages, attorney's fees, and court costs.
While sellers and buyers have their own disclosure obligations, the statute specifically imposes consumer protection responsibilities on businesses, including real estate brokers. Confidentiality of client information is a fiduciary duty under agency law, not a requirement of Chapter 93A. Offers themselves must always be presented to clients, but Chapter 93A focuses primarily on material misrepresentation and nondisclosure.
Reference: M.G.L. c. 93A; 254 CMR 3.00; Massachusetts Real Estate Candidate Information Bulletin - Consumer Protection Law.
NEW QUESTION # 68
A broker has a single agency relationship with the seller. Any required property condition disclosure would be completed by the
- A. listing agent on behalf of broker.
- B. listing agent on behalf of seller.
- C. seller.
- D. broker.
Answer: C
Explanation:
In Massachusetts, the seller is legally responsible for completing the property condition disclosure form. The listing broker or agent may provide the form and ensure it is delivered to prospective buyers, but they do not complete it on behalf of the seller.
The rationale is that the seller is the party with direct knowledge of the property's condition. Licensees must never fill out the disclosure themselves, as this could expose them to liability for inaccuracies. The broker's duty is limited to ensuring the disclosure is provided in accordance with Massachusetts law (M.G.L. c.93,
114) but not to make representations or complete the document.
Thus, the correct answer is A: seller.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Agency & Disclosure Obligations;
M.G.L. c. 93,114.
NEW QUESTION # 69
The purpose of Regulation Z is to
- A. inform the borrower of credit costs.
- B. control the use of credit.
- C. set maximum interest charges.
- D. regulate interest charges.
Answer: A
Explanation:
Regulation Z, part of the Truth in Lending Act (TILA), was enacted to ensure that consumers are fully informed of the true cost of borrowing. It requires lenders to disclose credit terms, including the annual percentage rate (APR), finance charges, payment schedule, and total repayment amount.
The purpose is not to control or limit credit (A), regulate or set interest rates (B or C), but to provide transparency. This allows borrowers to compare loan offers on equal terms.
In Massachusetts, lenders must comply with both federal TILA (Regulation Z) and state consumer protection laws (M.G.L. Chapter 140D - Massachusetts Truth in Lending). Borrowers receive a Loan Estimate and Closing Disclosure summarizing credit costs, ensuring informed financial decisions.
Reference: Federal Truth in Lending Act (TILA) - Regulation Z; Massachusetts General Laws Chapter 140D; Massachusetts Real Estate Salesperson Candidate Handbook - Financing.
NEW QUESTION # 70
Which of the following activities may result in a fine from the Massachusetts Commission Against Discrimination (MCAD) against a licensee?
- A. Acting in the dual capacity of broker and undisclosed principal in the same transaction
- B. Knowingly making any substantial misrepresentation
- C. Failing to give both the buyer and the seller a copy of the purchase and sales agreement
- D. Blockbusting
Answer: D
Explanation:
The Massachusetts Commission Against Discrimination (MCAD) is the state agency responsible for enforcing the Massachusetts Fair Housing Law (M.G.L. c. 151B). Blockbusting is the illegal practice of inducing homeowners to sell by suggesting that protected classes of people (such as minorities, families with children, or people receiving public assistance) are moving into the neighborhood, often suggesting declining property values.
This practice is explicitly prohibited under both federal law (Fair Housing Act) and Massachusetts General Law. MCAD has the authority to investigate complaints of housing discrimination and levy fines against licensees found guilty of such violations.
While misrepresentation or undisclosed dual capacity may lead to disciplinary action by the Massachusetts Board of Registration of Real Estate Brokers and Salespersons, only violations of fair housing law, such as blockbusting, steering, or refusing to deal with members of protected classes, fall under the jurisdiction of MCAD.
Reference: Massachusetts General Laws c. 151B; MCAD Fair Housing Guidelines; 254 CMR 3.00.
NEW QUESTION # 71
When real estate brokers and salespersons engage in renting residential dwelling units, they must provide a prospective tenant with written notice of the
- A. Presence of any sex offenders living in the neighborhood.
- B. Amount of fee, if any, that the prospective tenant will have to pay for the broker's services.
- C. Amount of the rent.
- D. Name and address of the landlord.
Answer: B
Explanation:
Under M.G.L. c. 112, § 87DDD½, Massachusetts law requires real estate brokers and salespersons engaged in renting residential property to provide prospective tenants with a written notice stating the amount of any broker's fee, and whether the tenant will be responsible for paying it. This disclosure must be made before the tenant is obligated to pay any fee.
This law protects tenants from unexpected costs and ensures transparency in rental transactions. While rental amount, landlord details, and public information such as the state's sex offender registry may be relevant, the statutory requirement specifically addresses broker compensation. Failure to provide this written notice may result in disciplinary action by the Massachusetts Board of Registration of Real Estate Brokers and Salespersons.
Reference: M.G.L. c. 112, 87DDD½; 254 CMR 7.00.
NEW QUESTION # 72
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 leaky roof in heavy rains.
- B. seller does not like the next door neighbor.
- C. home has a lake view.
- D. seller needs to move soon.
Answer: A
Explanation:
In Massachusetts, when a broker represents the seller, the buyer is treated as a customer (not a client). While the broker owes fiduciary duties to the seller, they also have a duty of honest dealing and disclosure of material defects to customers.
A leaky roof in heavy rains is a material defect that affects the property's value and safety. The broker must disclose it regardless of agency relationship.
The seller's urgency to move (A) and dislike of a neighbor (D) are not material facts.
A positive feature like a lake view (B) may be marketed but is not a required disclosure.
Thus, the correct answer is C: leaky roof.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Agency & Disclosure; 254 CMR
3.00 (Licensee Obligations).
NEW QUESTION # 73
A broker lists a property for ninety days. A buyer stops at the owner's residence and makes an offer for the property, which the owner accepts. The broker has no knowledge of the sales agreement between the buyer and the owner. The broker is entitled to a commission from the sale if the agreement the broker had with the owner was a(n)
- A. Open listing.
- B. Net listing.
- C. Exclusive right-to-sell listing.
- D. Exclusive agency listing.
Answer: C
Explanation:
An exclusive right-to-sell listing guarantees that the broker will receive a commission no matter who finds the buyer - even if the owner sells the property themselves. If the broker had an exclusive right-to-sell listing with the owner, the broker is entitled to a commission if the property sells during the listing period, regardless of whether the broker was involved in the sale or not.
Exclusive agency listing only entitles the broker to a commission if they or another agent find the buyer; if the owner sells the property themselves, they do not owe the broker a commission.
Open listing allows the owner to sell the property themselves without owing the broker a commission unless the broker finds the buyer.
Net listing is illegal in Massachusetts as it could encourage brokers to manipulate the sale price for their own benefit.
Thus, the broker is entitled to a commission if the listing was an exclusive right-to-sell.
Reference: Massachusetts Real Estate License Law, M.G.L. c. 112, §§ 87PP-87DDD; 254 CMR 2.00 - Listings.
NEW QUESTION # 74
What type of loan would allow homeowners to utilize the equity built up in their home without having to sell?
- A. graduated payment
- B. accelerated mortgage
- C. reverse mortgage
- D. sale-and-leaseback
Answer: C
Explanation:
Comprehensive and Detailed Explanation (150-250 words):
A reverse mortgage allows homeowners, typically aged 62 or older, to convert part of the equity in their home into cash without selling the home or making monthly payments. The loan is repaid when the homeowner sells the property, moves out permanently, or passes away. This program is particularly useful for seniors who are "house-rich but cash-poor." Accelerated mortgage (A): involves faster repayment, not equity access.
Graduated payment mortgage (B): starts with lower payments that increase over time.
Sale-and-leaseback (C): involves selling property and leasing it back, which requires giving up ownership.
Thus, the correct answer is D: reverse mortgage.
Reference: HUD Reverse Mortgage Program (HECM); Massachusetts Real Estate Salesperson Candidate Handbook - Financing.
NEW QUESTION # 75
A buyer and seller agreed upon a selling price for a property and both signed a written agreement. As part of the contract, the buyer reserved the right to cancel the sale if the buyer's house, which was on the market, did not sell within 30 days. This contract is
- A. an implied contract.
- B. a unilateral contract.
- C. an executed contract.
- D. an executory contract.
Answer: D
Explanation:
Comprehensive and Detailed Explanation (150-250 words):
An executory contract is one in which one or more terms remain to be performed. In this case, although the purchase agreement is signed, the buyer's performance is contingent upon selling their home within 30 days.
Until that contingency is satisfied, the contract remains executory.
A (executed contract): would mean all terms have been performed.
B (unilateral contract): involves only one party making a promise, e.g., an option. This is bilateral.
D (implied contract): arises by conduct, not by a written agreement.
Thus, the correct answer is C: executory contract.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Contracts; Executory vs. Executed Contracts.
NEW QUESTION # 76
An appraisal made by a certified appraiser is required
- A. when heirs receive property.
- B. when the buyer is using an FHA loan to purchase.
- C. before real property can transfer from one owner to another.
- D. before any property settlement in a divorce.
Answer: B
Explanation:
Comprehensive and Detailed Explanation (150-250 words):
Federal law (FIRREA, 1989) and HUD regulations require that FHA and VA loans be supported by an appraisal from a state-licensed or certified appraiser. The purpose is to determine whether the property meets minimum standards and supports the loan amount.
A: Appraisals are not required for all property transfers, only certain financed ones.
B: Inheritances may require valuations for estate tax purposes, but not necessarily certified appraisals.
D: Divorce settlements may require appraisals for division of assets, but this is not federally mandated.
Thus, the correct answer is C.
Reference: HUD Handbook 4000.1; Massachusetts Real Estate Salesperson Candidate Handbook - Appraisal
/Financing.
NEW QUESTION # 77
In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. The broker has what type of agency relationship with the parties?
- A. seller agency, buyer sub-agency
- B. no agency relationship; in this situation the broker becomes a facilitator only
- C. seller agency, no agency relationship with buyer
- D. dual agency
Answer: D
Explanation:
Comprehensive and Detailed Explanation (150-250 words):
Under the common law of agency, an agent owes fiduciary duties to the party they represent. If a broker represents a seller under a listing agreement but also brings a buyer who is their client, the broker now represents both parties in the same transaction. This creates a dual agency relationship.
Dual agency is lawful in Massachusetts only if there is full disclosure and written informed consent from both parties. Without disclosure, it would be an undisclosed dual agency, which is illegal.
A: Incorrect - the broker does represent the buyer.
B: Facilitation is a non-agency relationship, but that's not the case here.
C: Buyer is not a sub-agent of the seller; they are a client.
Correct answer: D: dual agency.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Agency Law; 254 CMR 3.00.
NEW QUESTION # 78
An example of modular construction is
- A. prefabricated housing.
- B. an apartment building.
- C. a log cabin.
- D. a home used as a model.
Answer: A
Explanation:
In real estate and construction terminology, modular construction refers to a building method where sections of the home are manufactured in a factory setting, transported to the building site, and then assembled on a permanent foundation. This is a form of prefabricated housing, but different from mobile homes because modular homes are considered real property once placed on their permanent foundation.
Massachusetts licensing materials classify modular homes under prefabricated housing because they are built off-site to precise specifications and then joined together at the location. This method provides greater efficiency, lower cost, and adherence to state and local building codes. By contrast, apartment buildings (B) are traditionally built on-site, a model home (C) is only a sales demonstration, and a log cabin (D) may be site- built but not considered modular unless pre-manufactured in sections.
Therefore, the correct answer is A: prefabricated housing.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Property Ownership and Land Use Controls section; Modern Real Estate Practice, 20th Edition, Construction Methods.
NEW QUESTION # 79
Which of the following is among the typical responsibilities of a residential property manager?
- A. making decisions about structural changes that will enhance the property value
- B. negotiating leases between the property owner and potential tenants
- C. selecting tenants to provide a diverse environment
- D. requesting that the tenant's employer withhold the past due rent from wages
Answer: B
Explanation:
Comprehensive and Detailed Explanation (150-250 words):
A residential property manager typically handles marketing, tenant screening (within fair-housing compliance), lease negotiation and execution, rent collection, coordination of maintenance, and reporting to the owner. Of the choices, negotiating leases between the owner and prospective tenants (D) squarely fits the manager's role. Option A (wage garnishment) is a legal remedy available only through court order-not something a manager can unilaterally request from an employer. Option B (deciding structural changes) exceeds a manager's authority; capital improvements require owner approval. Option C is problematic:
attempting to "select tenants to provide a diverse environment" risks steering or discriminatory practices in violation of fair housing laws; tenant selection must be based on neutral, consistent criteria (income, credit, rental history) applied uniformly. Massachusetts exam content highlights the manager's duty to act within the management agreement, comply with fair housing, and conduct lease negotiations consistent with owner directives. Therefore, D is the correct answer.
References: Massachusetts Real Estate Salesperson Candidate Handbook - Property Management; Fair Housing compliance responsibilities.
NEW QUESTION # 80
In a jurisdiction where a seller's property condition disclosure is required, the licensee is responsible for
- A. ensuring that the buyer receives the property disclosure before the contract is finalized.
- B. checking the disclosure for accuracy and ensuring that the buyer receives it before closing.
- C. completing the property condition disclosure.
- D. ensuring that the seller complete the property condition disclosure before closing.
Answer: A
Explanation:
In Massachusetts, property disclosure laws are strict about timing and delivery but do not place the responsibility of accuracy on the real estate licensee. The property condition disclosure is completed and signed by the seller, not the agent. The agent's duty is to facilitate compliance with disclosure requirements, specifically ensuring that the buyer has received the disclosure before the purchase and sale agreement is finalized.
This requirement protects buyers by allowing them to make informed decisions about the condition of the property before entering into a binding contract. Licensees are not required to fill out or verify the accuracy of the disclosure; their duty is limited to ensuring delivery. Massachusetts regulations (M.G.L. c. 93, §114) and the Massachusetts Real Estate Salesperson Exam materials clearly emphasize that:
Sellers complete the disclosure themselves.
Buyers must receive the disclosure before signing binding documents.
Licensees are responsible only for delivery, not for content accuracy.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook; Massachusetts General Laws c.93,
§114.
NEW QUESTION # 81
A prescriptive easement is proven by a
- A. recorded abstract.
- B. previous recorded deed.
- C. title policy.
- D. quiet title action.
Answer: D
Explanation:
A prescriptive easement is established through open, notorious, continuous, and adverse use of another's land for a statutory period (in Massachusetts, typically 20 years).
To legally recognize and establish the easement, the claimant must usually bring a quiet title action in court.
This court proceeding clarifies ownership rights and confirms the existence of the easement.
A (deed): not applicable since prescriptive easements arise without written agreements.
C (abstract): summarizes recorded documents but would not establish prescriptive rights.
D (title policy): insures title, does not prove an easement.
Thus, the correct answer is B: quiet title action.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Easements & Rights; M.G.L. c.
187, §2.
NEW QUESTION # 82
What is the function of a promissory note or bond when used in conjunction with a mortgage?
- A. It provides the elements necessary to make the mortgage valid.
- B. It furnishes a complete legal description of the property.
- C. It makes the borrower personally obligated to pay the debt.
- D. In case of default, it limits the lender's rights to interest only.
Answer: C
Explanation:
In Massachusetts real estate law and as covered in the Massachusetts Real Estate Salesperson Study Guide, a promissory note (sometimes called a bond) is a written promise by the borrower to repay a specific amount of money to the lender under agreed terms. The note functions as evidence of the debt and creates a personal obligation for theborrower to pay the debt according to the specified schedule. This personal obligation is what differentiates the note from the mortgage document itself.
While the mortgage creates a lien against the property and provides security for the loan (giving the lender rights to the property in case of default), the promissory note represents the actual debt and the borrower's promise to repay it. Without the note, the mortgage lien alone is insufficient because it only secures the loan; it does not obligate repayment.
The promissory note generally contains the principal amount, interest rate, payment schedule, maturity date, and any penalties for default. If the borrower defaults on payments, the lender can take legal action based on the note. The mortgage provides the lender the right to foreclose on the property if the note is not paid, but the note itself establishes the borrower's personal liability.
This is explicitly stated in official Massachusetts real estate law references and study guides:
"The note is the borrower's personal promise to pay the debt."
"The mortgage is the security instrument that pledges the property as collateral." Reference: Massachusetts Real Estate Salesperson Study Guide, Chapter 8: Financing Instruments and Mortgages.
NEW QUESTION # 83
Which of the following acts does NOT require notifying the Board of Registration?
- A. A broker conducts business under the broker's own name.
- B. A salesperson terminates employment with one broker and affiliates with another.
- C. A broker changes his or her mailing address.
- D. A broker commences business under the trade name of ABC Realty.
Answer: A
Explanation:
Massachusetts real estate law requires licensees to notify the Board of Registration of Real Estate Brokers and Salespersons of any changes that affect their license status or operations. This includes:
Change of mailing address (M.G.L. c. 112, 87YY).
Change of broker affiliation for salespersons.
Operating under a trade name (which requires Board approval and proper business certificates).
However, a broker who conducts business under their own legal name does not need to notify the Board separately of this fact. The license is already issued in the broker's name, so no additional approval is required unless a trade or business name is used.
Reference: 254 CMR 2.00; M.G.L. c. 112, 87YY.
NEW QUESTION # 84
On which of the following must the landlord pay interest when collecting first month, last month, and security deposit?
- A. Last month only
- B. Only if they are deposited in an interest-bearing account
- C. Security deposit and last month
- D. First month only
Answer: C
Explanation:
Under M.G.L. c. 186, 15B, landlords in Massachusetts must pay interest on both the security deposit and the last month's rent if these funds are held for more than one year. The interest must be paid annually and credited to the tenant's account, unless the tenant and landlord have a written agreement stating otherwise.
The first month's rent is not subject to interest requirements. The landlord must hold the security deposit in a separate, interest-bearing account, and the interest accrues for the benefit of the tenant.
Therefore, the landlord must pay interest on both the security deposit and last month's rent.
Reference: M.G.L. c. 186, 15B; Massachusetts Real Estate Candidate Information Bulletin - Tenant Rights.
NEW QUESTION # 85
A couple enters into a purchase contract to buy a house, and their parents are providing a $5,000 earnest money check. The check is deposited in the listing broker's escrow account. The buyers are unable to get financing, and the contract provides for return of the earnest money to the buyers. The buyers and seller agree in writing to the release of the earnest money. The listing broker should
- A. return the earnest money check, minus expenses, to the buyers.
- B. issue a $5,000 check to the buyers.
- C. return the earnest money check, minus expenses, to the parents.
- D. issue a $5,000 check to the parents.
Answer: B
Explanation:
Under Massachusetts escrow laws, once an earnest money deposit is given, it becomes part of the transaction and must be held in the broker's escrow account until proper written instructions are received. The critical rule is that the earnest money belongs to the buyer, not to the third party who may have supplied the funds.
Therefore, even though the parents wrote the $5,000 check, the funds legally belong to the buyers under the purchase and sale agreement. When the contract is canceled due to financing failure, and both parties (buyer and seller) agree in writing to release the deposit, the broker must issue the refund to the buyers, not the parents.
Massachusetts regulations (254 CMR 3.00) require brokers to handle escrow strictly according to the agreement and prohibit deductions for "expenses" unless explicitly authorized. Thus, the correct action is to issue the $5,000 back to the buyers in full.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Trust Funds & Escrow; 254 CMR
3.10 (Board of Registration of Real Estate Brokers and Salespersons).
NEW QUESTION # 86
......
Latest 2026 Realistic Verified Massachusetts-Real-Estate-Salesperson Dumps: https://www.actual4dumps.com/Massachusetts-Real-Estate-Salesperson-study-material.html
Pass Your Real Estate Massachusetts-Real-Estate-Salesperson Exam with Correct 139 Questions and Answers: https://drive.google.com/open?id=1OlZ7sZQk1LEI1nclzBwtiBPCXXgM0zMa