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Real Estate Massachusetts Real Estate Salesperson Sample Questions:

1. A private integrated club refused to rent one of its condos to a minority family. The club explained that it did not rent the condos to the public since the condos were for members only. Is the club in violation of the federal Fair Housing Act, and if so, how?

A) Yes, because the club had minority members, and therefore was not eligible for exemptions from the federal Fair Housing Act.
B) No, because as an integrated club, they could discriminate on the basis of race in renting facilities.
C) Yes, because when race is involved, no exceptions to the federal Fair Housing Act exist.
D) No, because a private club may restrict the rental of its own lodgings to its members as long as the lodgings are not operated commercially.

2. A buyer wants to purchase a home for $275,000 with a 20% down payment. The lender charges 2.25 points.
How much money does the buyer need up front to make the purchase?

A) $55,000
B) $56,238
C) $61,188
D) $59,950

3. Which of the following assurances is provided to home buyers who purchase a $75,000 property with an FHA- insured mortgage?

A) The property has been appraised for value.
B) The property is not subject to eminent domain.
C) A down payment is not required.
D) The neighborhood values will increase.

4. A 2-year lease on a property has expired. The owner permits the tenant to remain in the house while a new lease is being negotiated. Which of the following types of interest does the tenant now have?

A) tenancy from year to year
B) tenancy in common
C) tenancy at will
D) tenancy at sufferance

5. While inspecting a tenant-occupied property, the buyer was told by the seller that the microwave oven would be included in the sale price. Upon possession, the buyer learned that the microwave oven belonged to the tenant and not the seller. Is the buyer entitled to the microwave oven?

A) Yes, because all oral contracts for the sale of real property are enforceable.
B) Yes, because the buyer's offer to purchase included all real property.
C) No, because the seller did not have the right to include the microwave in the sale.
D) No, because the microwave was the real property of the tenant.

Solutions: