Free Real Estate Licensing Massachusetts-Real-Estate-Salesperson Exam Questions

Become Real Estate Licensing Certified with updated Massachusetts-Real-Estate-Salesperson exam questions and correct answers

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Total 137 Questions | Updated On: Mar 06, 2026

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Question 1

A first-year licensee without either a degree in finance, or a strong background in real estate investment should generally refrain from

A : listing commercial income property.

B : representing an owner who wants to sell raw land to a developer.

C : representing a first time home buyer.

D : acting as the seller's agent in selling an oceanfront lot to a retiree.

Answer: A

Question 2

A salesperson's client is the lessee. Who does the salesperson represent?

A : lender

B : tenant

C : landlord

D : lien holder

Answer: B

Question 3

On which of the following must the landlord pay interest when collecting first month, last month, and security deposit?

A : Only if they are deposited in an interest-bearing account

B : Security deposit and last month

C : First month only

D : Last month only

Answer: B

Question 4

When lending standards are tightened, lenders typically require

A : a higher loan-to-value ratio.

B : a lower loan-to-value ratio.

C : a balloon payment after 5 years.

D : a waiver of the Equal Credit Opportunity Act.

Answer: B

Question 5

A first-year licensee without either a degree in finance, or a strong background in real estate investment should generally refrain from

A : listing commercial income property.

B : representing an owner who wants to sell raw land to a developer.

C : representing a first time home buyer.

D : acting as the seller's agent in selling an oceanfront lot to a retiree.

Answer: A

Page: 1 / 28

Total 137 Questions | Updated On: Mar 06, 2026

Add To Cart