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Brokerage Responsibility

Massachusetts Real Estate Salesperson Exam Brokerage Responsibility
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  1. Question 1 of 30
    1. Question

    How many square feet in one acre?

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  2. Question 2 of 30
    2. Question

    Mr. and Mrs. Conners sold their home and paid an 8% commission to their realtor. Assuming no other fees, if they walked away from the sale with $306,000, about how much did their house sell for?

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  3. Question 3 of 30
    3. Question

    Which of the following is a violation of the Fair Housing act?

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  4. Question 4 of 30
    4. Question

    According to Fair Housing laws, which of these people is not considered disabled?

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  5. Question 5 of 30
    5. Question

    Sarah owns a warehouse and has decided to sell it as an open listing. She has contacted three brokers to sell it for her, Brokers A, B, and C. If Broker B makes the sale, who gets the commission?

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  6. Question 6 of 30
    6. Question

    What information would be unethical for a listing agent to share with a potential buyer?

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  7. Question 7 of 30
    7. Question

    A subdivision has a rule that each home in the neighborhood be at least 2,500 square feet. This is an example of which concept?

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  8. Question 8 of 30
    8. Question

    Which of the following describes a transaction brokerage?

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  9. Question 9 of 30
    9. Question

    Who takes the biggest risk in an open listing?

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  10. Question 10 of 30
    10. Question

    An agency contract is being terminated. In which scenario might there be damages owed to one of the parties?

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  11. Question 11 of 30
    11. Question

    A reconveyance deed ____.

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  12. Question 12 of 30
    12. Question

    When dividing a single plot of land into two or three units, the process is called ____, and the units are called ____.

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  13. Question 13 of 30
    13. Question

    A reverse mortgage ____.

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  14. Question 14 of 30
    14. Question

    Real property is defined as ____.

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  15. Question 15 of 30
    15. Question

    ____ are rights and privileges belonging to the land.

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  16. Question 16 of 30
    16. Question

    Which of these is a fixture?

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  17. Question 17 of 30
    17. Question

    A ____ is a promise of real property, kept by the lender to secure the loan.

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  18. Question 18 of 30
    18. Question

    All of these are good examples of severance except ____.

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  19. Question 19 of 30
    19. Question

    Which lien is required by law to be paid first?

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  20. Question 20 of 30
    20. Question

    Which of these is not a type of leasehold estate?

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  21. Question 21 of 30
    21. Question

    Which of the following is an example of dual agency?

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  22. Question 22 of 30
    22. Question

    When acting on behalf of a principal, an agent must ____.

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  23. Question 23 of 30
    23. Question

    Which of the following is never allowed?

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  24. Question 24 of 30
    24. Question

    Broker Katie obtains an exclusive agency listing with seller Steve. Katie creates marketing materials and runs open houses for Steve’s home. Then, Steve finds a buyer on his own and sells the house without Katie’s help. What fee is Katie owed?

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  25. Question 25 of 30
    25. Question

    Who usually pays a real estate commission?

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  26. Question 26 of 30
    26. Question

    For a broker to earn their commission, they are legally obligated to ____.

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  27. Question 27 of 30
    27. Question

    Seller Donna signs an exclusive right-to-sell listing with broker Matt. As Matt works to market the property, a friend of Donna’s hears that the home is for sale and negotiates a price with Donna. Donna then sells her home directly to her friend without Matt’s help. Matt is owed ____.

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  28. Question 28 of 30
    28. Question

    Which of the following must be true for an agency contract to be legally binding?

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  29. Question 29 of 30
    29. Question

    In the case of buyer agency, ____.

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  30. Question 30 of 30
    30. Question

    Which of the following would not result in the termination of a listing agreement?

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