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Real Estate Massachusetts-Real-Estate-Salesperson Exam Overview:

Certification Vendor:Massachusetts Board of Registration of Real Estate Brokers and Salespersons
Exam Name:Massachusetts Real Estate Salesperson Examination
Exam Number:Massachusetts-Real-Estate-Salesperson
Certificate Validity Period:2–3 years
Real Exam Qty:120 (80 National, 40 State; plus 5-10 unscored pre-test items)
Exam Format:Multiple-choice questions, Two separate sections: National & State
Related Certifications:Massachusetts Real Estate Broker License
Passing Score:70% on each section (56/80 National, 28/40 State)
Available Languages:English
Exam Price:$85 USD
Exam Duration:240 (150 for National, 90 for State)
Recommended Training:Massachusetts Approved Real Estate Schools List
Exam Registration:PSI Exams Registration
Mass.gov Official Portal
Sample Questions:Real Estate Massachusetts-Real-Estate-Salesperson Sample Questions
Exam Way:Online remote proctored or in-person at PSI testing centers
Pre Condition:Be at least 18 years old; complete 40 hours of approved pre-licensing education; hold high school diploma or equivalent; pass background check; provide 3 candidate endorsements
Official Syllabus URL:https://www.mass.gov/how-to/prepare-for-and-schedule-your-real-estate-license-exam

Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:

SectionWeightObjectives
National Portion67%- Transfer of Title
  • 1. Deeds and title insurance
    • 2. Closing procedures and costs
      - Real Estate Calculations
      • 1. Commission and proration
        • 2. Tax and investment math
          - Property Ownership
          • 1. Types of ownership
            • 2. Encumbrances and easements
              • 3. Land characteristics and legal descriptions
                - Contracts
                • 1. Elements of valid contracts
                  • 2. Listing and purchase agreements
                    • 3. Contingencies and amendments
                      - Valuation and Market Analysis
                      • 1. Comparative Market Analysis
                        • 2. Market value vs cost vs price
                          • 3. Appraisal methods
                            - Real Estate Practice
                            • 1. License law and ethics
                              • 2. Antitrust and business practices
                                • 3. Advertising and fair housing
                                  - Property Disclosures
                                  • 1. Seller obligations
                                    • 2. Hazard and environmental disclosures
                                      - Agency Relationships and Duties
                                      • 1. Disclosure requirements
                                        • 2. Fiduciary responsibilities
                                          • 3. Types of agency
                                            - Land Use Controls and Regulations
                                            • 1. Zoning and planning
                                              • 2. Public and private restrictions
                                                • 3. Environmental regulations
                                                  - Financing
                                                  • 1. Loan qualification and closing
                                                    • 2. Lending regulations (RESPA, TILA)
                                                      • 3. Mortgage types and terms
                                                        Massachusetts State Portion33%- Board Regulations and Licensing
                                                        • 1. Grounds for discipline
                                                          • 2. Licensing requirements and renewal
                                                            • 3. Powers and duties of the Board
                                                              - Fair Housing and Consumer Protection
                                                              • 1. Massachusetts anti-discrimination laws
                                                                • 2. Consumer protection regulations
                                                                  - Landlord-Tenant Law
                                                                  • 1. Lease requirements and obligations
                                                                    • 2. Eviction and security deposit rules
                                                                      - State-Specific Practices
                                                                      • 1. Agency and disclosure rules
                                                                        • 2. Transaction procedures
                                                                          - Massachusetts Real Estate Law
                                                                          • 1. Attorney role in transactions
                                                                            • 2. State-specific contract rules
                                                                              • 3. Lead paint and environmental laws

                                                                                Real Estate Massachusetts Real Estate Salesperson Sample Questions:

                                                                                1. In Massachusetts, which of the following statements about smoke detectors prior to closing is always correct?

                                                                                A) Smoke detectors are optional in single-family houses.
                                                                                B) A smoke detector certificate must be obtained from the local fire department.
                                                                                C) All single-family residences must have hard-wired smoke detectors.
                                                                                D) A three-family residence can have either battery-operated or hard-wired smoke detectors.


                                                                                2. To avoid triggering full disclosure under TILA when advertising financing availability on a listed property, which of the following statements must a real estate licensee avoid using?

                                                                                A) buy for less than $650 per month
                                                                                B) owner willing to finance
                                                                                C) assumable loan
                                                                                D) FHA and VA financing available


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

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


                                                                                4. When lending standards are tightened, lenders typically require

                                                                                A) a lower loan-to-value ratio.
                                                                                B) a higher loan-to-value ratio.
                                                                                C) a balloon payment after 5 years.
                                                                                D) a waiver of the Equal Credit Opportunity Act.


                                                                                5. A broker received a birthday check from a client. The broker decided to put it in the escrow account because it was from a client. This is

                                                                                A) acceptable if the check was written on the client's business account.
                                                                                B) conversion.
                                                                                C) acceptable if the client has had a transaction within the last 18 months.
                                                                                D) commingling.


                                                                                Solutions:

                                                                                Question # 1
                                                                                Answer: B
                                                                                Question # 2
                                                                                Answer: A
                                                                                Question # 3
                                                                                Answer: B
                                                                                Question # 4
                                                                                Answer: A
                                                                                Question # 5
                                                                                Answer: D

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