Pass the actual test with the help of Massachusetts-Real-Estate-Salesperson study guide
Updated: Jun 08, 2026
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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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