What's more, part of that TopExamCollection Massachusetts-Real-Estate-Salesperson dumps now are free: https://drive.google.com/open?id=1QnAxFBV8zW4BumZBWXKLXbdEiCNufKbD
The site of TopExamCollection is well-known on a global scale. Because the training materials it provides to the IT industry have no-limited applicability. This is the achievement made by IT experts in TopExamCollection after a long period of time. They used their knowledge and experience as well as the ever-changing IT industry to produce the material. The effect of TopExamCollection's Real Estate Massachusetts-Real-Estate-Salesperson Exam Training materials is reflected particularly good by the use of the many candidates. If you participate in the IT exam, you should not hesitate to choose TopExamCollection's Real Estate Massachusetts-Real-Estate-Salesperson exam training materials. After you use, you will know that it is really good.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Massachusetts State Portion | 33% | - State-Specific Practices
|
| Topic 2: National Portion | 67% | - Real Estate Calculations
|
>> Massachusetts-Real-Estate-Salesperson Official Practice Test <<
All these three Massachusetts Real Estate Salesperson Exam (Massachusetts-Real-Estate-Salesperson) exam dumps formats contain the real and Massachusetts Real Estate Salesperson Exam (Massachusetts-Real-Estate-Salesperson) certification exam trainers. So rest assured that you will get top-notch and easy-to-use Real Estate Massachusetts-Real-Estate-Salesperson Practice Questions. The Massachusetts-Real-Estate-Salesperson PDF dumps file is the PDF version of real Massachusetts Real Estate Salesperson Exam (Massachusetts-Real-Estate-Salesperson) exam questions that work with all devices and operating systems.
NEW QUESTION # 183
Tommy, a licensed real estate broker, receives a $21,600 brokerage commission on a property sale. If the commission rate was 6%, what was the property ' s sale price?
Answer: B
Explanation:
The correct answer is B, $360,000. When the amount of commission and commission rate are known, the gross selling price is calculated by dividing the commission by the commission rate expressed as a decimal.
$21,600 ÷ 0.06 = $360,000
A useful way to verify the calculation is to multiply the resulting sale price by 6%:
$360,000 × 0.06 = $21,600
Therefore, the calculation reconciles exactly.
Candidates should distinguish this type of calculation from a seller-net problem. Here, there are no closing expenses, mortgage payoff amounts, tax adjustments, or seller net figures. Only the brokerage commission and percentage are relevant.
Real-estate commission rates are negotiable rather than established by Massachusetts law. A 6% rate in a mathematical problem is simply an assumed contractual figure and should not be interpreted as a statutory or standard mandatory commission.
Percentage, commission, seller-net, and brokerage-split problems form an important component of licensing- exam calculations.
Study Guide Reference: Real Estate Calculations - Brokerage Commissions, Percentages and Sale Price.
NEW QUESTION # 184
A buyer wants to purchase a home for $150,000 with a 30% down payment. The lender charges 1.75 points.
How much money does the buyer need up front to make the purchase?
Answer: A
Explanation:
45,000+1,837.50=46,837.50
Rounded, the buyer needs $47,625 up front.
Thus, the correct answer is B.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Financing & Math (Points, Down Payments, Loan Calculations).
NEW QUESTION # 185
A home warranty for a previously owned home would usually cover which of the following items?
Answer: A
Explanation:
Comprehensive and Detailed Explanation (150-250 words):
A home warranty (separate from homeowners insurance) is a service contract that covers the cost of repair or replacement of major home systems and appliances due to normal wear and tear. Typical coverage includes heating and cooling systems, electrical, plumbing, and major appliances such as ovens, dishwashers, and refrigerators.
A: Structural or flooding issues are generally covered by homeowner's insurance or flood insurance, not warranties.
B: Roofs and foundations may not be covered unless optional riders are purchased.
D: Buyer's personal property and seller's fixtures are not part of warranty coverage.
Thus, the best answer is C.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Property Condition and Warranties; HUD Home Warranty Guidance.
NEW QUESTION # 186
A seller signs a 120-day listing agreement but, on day 80, unequivocally tells the brokerage to stop representing the seller and marketing the property. Which statement is most accurate?
Answer: A
Explanation:
The correct answer is A. Agency authority and contractual liability must be analyzed separately. A principal ordinarily can withdraw consent and repudiate the agency relationship, but doing so before the contractual listing term expires may amount to breach and expose the principal to damages or other contractual consequences.
The older practice-bank answer stating mechanically that the relationship terminates "on the 81st day" is unnecessarily artificial. The significant event is the seller ' s effective communication withdrawing the broker ' s authority.
Massachusetts Board seller-agency curriculum expressly lists repudiation among means by which the licensee- consumer relationship can terminate and notes that a court may treat the repudiation as breach and impose damages on the breaching party.
Other termination mechanisms include expiration, mutual agreement, completion, death or incapacity, impossibility of performance, and bankruptcy.
Therefore, ending the agency does not necessarily erase contractual obligations already incurred under the listing agreement.
Study Guide Reference: Agency - Termination, Repudiation and Breach of Listing Agreements.
NEW QUESTION # 187
In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. The broker has what type of agency relationship with the parties?
Answer: A
Explanation:
Comprehensive and Detailed Explanation (150-250 words):
Under the common law of agency, an agent owes fiduciary duties to the party they represent. If a broker represents a seller under a listing agreement but also brings a buyer who is their client, the broker now represents both parties in the same transaction. This creates a dual agency relationship.
Dual agency is lawful in Massachusetts only if there is full disclosure and written informed consent from both parties. Without disclosure, it would be an undisclosed dual agency, which is illegal.
A: Incorrect - the broker does represent the buyer.
B: Facilitation is a non-agency relationship, but that's not the case here.
C: Buyer is not a sub-agent of the seller; they are a client.
Correct answer: D: dual agency.
Reference: Massachusetts Real Estate Salesperson Candidate Handbook - Agency Law; 254 CMR 3.00.
NEW QUESTION # 188
......
It is of great importance to consolidate all key knowledge points of the Massachusetts-Real-Estate-Salesperson exam. It is difficult for you to summarize by yourself. It is a complicated and boring process. We will collect all relevant reference books of the Massachusetts-Real-Estate-Salesperson exam written by famous authors from the official website. And it is not easy and will cost a lot of time and efforts. At the same time, it is difficult to follow and trace the changes of the Massachusetts-Real-Estate-Salesperson Exam, but our professional experts are good at this for you. Just buy our Massachusetts-Real-Estate-Salesperson study materials, you will succeed easily!
Massachusetts-Real-Estate-Salesperson Free Download: https://www.topexamcollection.com/Massachusetts-Real-Estate-Salesperson-vce-collection.html
DOWNLOAD the newest TopExamCollection Massachusetts-Real-Estate-Salesperson PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1QnAxFBV8zW4BumZBWXKLXbdEiCNufKbD