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| Section | Objectives |
|---|---|
| Topic 1: National Real Estate Principles & Practices | - Land Use Controls & Regulations
|
| Topic 2: Massachusetts State-Specific Real Estate Law | - State Licensing Laws
|
1. If a seller defaults in performance of a contract, any of the following actions would be likely to help the buyer recover any losses EXCEPT
A) bringing an action against the seller for payment of compensatory damages.
B) canceling the contract and recovering the earnest money.
C) suing the seller for specific performance.
D) filing a complaint with the Real Estate Commission.
2. Under Housing and Urban Development guidelines, when an advertisement includes the phrase "walk to bus- stop," the advertisement is
A) Only discriminatory against disabled individuals in some cases.
B) Not discriminatory against disabled individuals.
C) Discriminatory against individuals with disabilities.
D) Only discriminatory if the statement is false.
3. A buyer and a seller have a purchase agreement that contains a home inspection contingency. The buyer has applied for a VA mortgage. After the home inspection is completed, the buyer writes an addendum requesting that the seller pay to repair several items found by the home inspector. The seller counters the addendum by requiring that the buyer agree that the repairs will be made, but that no further expenses will be incurred by the seller. The VA appraisal inspection has not been conducted. Under these circumstances, which of the following is correct?
A) There is no longer a valid contract.
B) The original contract is still in effect.
C) The licensee should encourage the seller to place the home back on the market.
D) The VA inspection is not necessary because the buyer's home inspection report will be sent to the mortgage company.
4. Disclosure of licensee relationships to prospective buyers and sellers is required
A) At the first personal meeting to discuss a specific single-family property.
B) When listing commercial properties.
C) When responding to a telephone or internet inquiry.
D) When discussing any real estate issue.
5. According to the Massachusetts Fair Housing Law, it is unlawful to ask prospective tenants questions about their
A) Occupation.
B) Criminal history.
C) Place of birth.
D) Income.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: C |

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