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100% Pass Quiz Useful Real Estate - Massachusetts-Real-Estate-Salesperson - Test Massachusetts Real Estate Salesperson Exam Practice

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Real Estate Massachusetts Real Estate Salesperson Exam Sample Questions (Q30-Q35):

NEW QUESTION # 30
The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present

A. all offers to the seller.
B. the highest cash offer to the seller.
C. the highest offer to the seller.
D. only cash offers to the seller.

Answer: A

Explanation:
Comprehensive and Detailed Explanation (150-250 words):
Under license law and the broker's fiduciary duty of obedience and disclosure, the listing broker must present all offers to the seller promptly, regardless of terms, unless the seller gives prior written instructions to the contrary. The broker does not have discretion to screen offers or present only those that match the seller's preferences.
It is the seller's decision whether to reject, accept, or counter offers (including non-cash offers). By law, withholding offers could constitute a violation of fiduciary duty and possibly discrimination if done selectively.
Thus, the correct answer is D: all offers to the seller.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Agency Duties; 254 CMR 3.00.

NEW QUESTION # 31
A seller informs the listing broker that the wind chime on the back door is broken and the roof leaks when it rains. The listing broker is required to disclose

A. Nothing.
B. The wind chime.
C. Both the wind chime and the leaky roof.
D. The leaky roof.

Answer: D

Explanation:
Massachusetts law requires real estate licensees to disclose material defects of which they are aware. A material defect is any condition that would significantly affect the health, safety, or value of the property. In this case, a leaky roof is considered a material defect because it can cause substantial property damage, affect habitability, and impact property value.
On the other hand, a broken wind chime is a minor cosmetic defect that does not materially affect the property's value or use. Licensees are not required to disclose trivial issues but must disclose known material defects even if instructed by the seller to remain silent. Failure to disclose material defects constitutes misrepresentation and may result in disciplinary action.
Reference: 254 CMR 3.00 - Duties of Licensees; Massachusetts Real Estate Salesperson Candidate Information Bulletin - Agency & Disclosure.

NEW QUESTION # 32
A buyer wants to purchase a home for $150,000 with a 30% down payment. The lender charges 1.75 points.
How much money does the buyer need up front to make the purchase?

A. $45,788
B. $45,000
C. $47,625
D. $46,838

Answer: C

Explanation:
45,000+1,837.50=46,837.50

Rounded, the buyer needs $47,625 up front.
Thus, the correct answer is B.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Financing & Math (Points, Down Payments, Loan Calculations).

NEW QUESTION # 33
Based on the common law of agency, which of the following would always be an agent's duty?

A. disclosing that the reason a client is selling is an impending divorce
B. placing the interests of the principal above all others, including the agent's own interests
C. analyzing the preliminary title report and advising the buyer regarding exceptions listed
D. hiring a contractor to repair a listing with a leaky roof

Answer: B

Explanation:
The common law of agency requires real estate licensees to act in the best interests of their principal (the client). The six fiduciary duties are: obedience, loyalty, disclosure, confidentiality, accounting, and reasonable care/diligence.
The most fundamental of these is loyalty - meaning the agent must always place the client's interests above all others, including their own.
Hiring a contractor (A) goes beyond the agent's authority unless authorized.
Disclosing divorce (B) would breach confidentiality, not fulfill a duty.
Analyzing legal title exceptions (C) constitutes unauthorized legal practice.
Thus, the correct answer is D: placing the principal's interests first.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Agency Law; Common Law Fiduciary Duties.

NEW QUESTION # 34
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. negotiation.
C. accession.
D. condemnation.

Answer: D

Explanation:
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).

NEW QUESTION # 35
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