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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Massachusetts State Portion | 33% | - Board Regulations and Licensing
|
| Topic 2: National Portion | 67% | - Contracts
|
1. An appraisal made by a certified appraiser is required
A) before real property can transfer from one owner to another.
B) when the buyer is using an FHA loan to purchase.
C) before any property settlement in a divorce.
D) when heirs receive property.
2. 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) 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.
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) Yes, because the club had minority members, and therefore was not eligible for exemptions from the federal Fair Housing Act.
3. 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 offer to the seller.
C) the highest cash offer to the seller.
D) only cash offers to the seller.
4. Which type of deed provides the purchaser of real estate the greatest protection?
A) general warranty deed
B) trustee's deed
C) deed in trust
D) quitclaim deed
5. According to the CAN-SPAM Act, every email advertisement for real estate services must do all of the following EXCEPT
A) inform the recipient of the name and location of the brokerage firm.
B) allow a method for the recipient to opt out and not receive future emails.
C) advise the recipient that it will take 180 days to remove the recipient's name from this email list.
D) clearly indicate the nature of the content of the email.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |
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