Massachusetts real estate law EXAM
QUESTIONS AND ANSWERS 100%
SOLVED (Newest 2025) How many members on the board and appointed by whom? - Correct Answers ✅5, including one chairperson, the governor Term of office - Correct Answers ✅5 years How many are licensed brokers? - Correct Answers ✅3 Requirements for brokerage - Correct Answers ✅Licensed as a salesperson, actively associate with a broker for at least three years immediately prior for at least 25 hours per week.40 hour classroom course, pass state exam.How often are licenses renewed? - Correct Answers ✅Every 2 years on birthday If an agent is inactive what can they still do? - Correct Answers ✅Make referrals to active brokers Reciprocity - Correct Answers ✅One state honors the license of another (with fee) What happens in the case of the death of the sole proprietor?
- Correct Answers ✅Board issues a temporary/ non-
renewable license to such person or someone designated by 1 / 2
Massachusetts real estate law EXAM
QUESTIONS AND ANSWERS 100%
SOLVED (Newest 2025) him/ her and approved. effective for not more than 1 year from death date.In order to market a property for sale or put up a for sale sign broker must________ - Correct Answers ✅Get permission from owner Can a broker collect commission from both a buyer and seller? - Correct Answers ✅Only with their prior consent All commission for salesperson comes from_______ - Correct Answers ✅The broker No agent shall advise against the use of an_______ - Correct Answers ✅attorney Must all offers and counteroffers be brought to the client? - Correct Answers ✅Yes What are the things that would entail a suspension/ possible loss of license? - Correct Answers ✅1. Obtaining license by false representation.
- Licensee acted in dual capacity of agent and undisclosed
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principal