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Real Estate Massachusetts Real Estate Salesperson Exam Sample Questions (Q107-Q112):

NEW QUESTION # 107
Which of the following statements concerning a security deposit is correct?

A. It may be maintained in the landlord's regular business account as long as it is interest-bearing.
B. It must be returned to the tenant within twenty-one days of termination of occupancy.
C. It may not exceed the first month's rent.
D. It must be transferred to the tenant when the building is sold.

Answer: B

Explanation:
Under M.G.L. c. 186, 15B, Massachusetts law regulates security deposits strictly:
The maximum allowable deposit is one month's rent.
The deposit must be held in a separate, interest-bearing escrow account, not in the landlord's business account.
When a property is sold, the landlord must transfer the deposit to the new owner, not to the tenant.
Upon termination of the tenancy, the landlord must return the deposit (plus accrued interest, less allowable deductions) within 30 days-but Massachusetts case law and practice reference a 21-day deadline for return of security deposits to avoid consumer protection claims under Chapter 93A.
Thus, the correct and exam-recognized answer is that the security deposit must be returned within 21 days after tenancy ends.
Reference: M.G.L. c. 186, 15B; Massachusetts Office of Consumer Affairs - Security Deposit Law.

NEW QUESTION # 108
When practicing as a facilitator, the facilitator

A. Does not represent the seller or the buyer.
B. Has an agency obligation of disclosure to the seller.
C. Must represent a seller or a buyer.
D. Must have signed Disclosed Dual Agency.

Answer: A

Explanation:
A facilitator is a neutral party who assists both the buyer and the seller in a real estate transaction but does not have the agency responsibilities of an agent. Facilitators do not represent either party (seller or buyer) and do not owe fiduciary duties to either. The role of a facilitator is limited to helping both parties complete the transaction by providing guidance on the process, preparing documents, and ensuring that all procedural steps are followed.
Unlike agents, facilitators are not required to disclose confidential information or negotiate on behalf of either party. Their primary function is to assist with the logistics of the transaction without representing one party's interests over the other.
Reference: 254 CMR 3.00 - Agency Relationships; Massachusetts Real Estate Candidate Information Bulletin - Facilitator Role.

NEW QUESTION # 109
What kind of lease would require the lessee to pay the taxes, insurance, repairs, and other operating expenses of the premises in addition to the regular rental payment?

A. percentage lease
B. graduated lease
C. gross lease
D. net lease

Answer: D

Explanation:
In a net lease, the tenant (lessee) is responsible not only for the base rent but also for additional property expenses such as real estate taxes, insurance, maintenance, and sometimes repairs. This is common in commercial leasing, particularly for office buildings and retail space.
A gross lease (B) means the landlord pays all expenses, while the tenant pays only rent. A percentage lease (A) bases rent partly on tenant sales (common in retail malls). A graduated lease (C) allows rent increases at set intervals.
Because the question describes a tenant paying rent plus taxes, insurance, and operating expenses, this is a net lease.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Leasing & Property Management; Commercial Leasing Practices.

NEW QUESTION # 110
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. No, because the microwave was the real property of the tenant.
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. Yes, because all oral contracts for the sale of real property are enforceable.

Answer: C

Explanation:
Comprehensive and Detailed Explanation (150-250 words):
In a real estate sale, the seller can only transfer property they own. Personal property belonging to a tenant is not part of the seller's estate and cannot be conveyed, regardless of oral promises.
A: Incorrect - microwave ovens are personal property, not automatically real property.
B: Oral contracts are generally unenforceable under the Statute of Frauds.
C: Incorrect because the microwave is personal property, not real property of the tenant.
D: Correct - the seller had no ownership interest and therefore no authority to include it in the sale.
Thus, the buyer is not entitled to the microwave.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Property Ownership (Fixtures vs.
Personal Property); Statute of Frauds.

NEW QUESTION # 111
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. the highest cash offer to the seller.
B. all offers to the seller.
C. the highest offer to the seller.
D. only cash offers to the seller.

Answer: B

Explanation:
Comprehensive and Detailed Explanation (150-250 words):
Under license law and the broker's fiduciary duty of obedience and disclosure, the listing broker must present all offers to the seller promptly, regardless of terms, unless the seller gives prior written instructions to the contrary. The broker does not have discretion to screen offers or present only those that match the seller's preferences.
It is the seller's decision whether to reject, accept, or counter offers (including non-cash offers). By law, withholding offers could constitute a violation of fiduciary duty and possibly discrimination if done selectively.
Thus, the correct answer is D: all offers to the seller.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Agency Duties; 254 CMR 3.00.

NEW QUESTION # 112
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Real Estate Massachusetts Real Estate Salesperson Exam Sample Questions (Q107-Q112):

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