Real Estate Brokerage Practice Exam – 31 Questions

A listing contract that allows the listing agent to keep as their commission any money received in excess of a stated price is known as:

A person who lives in a four unit property has become disabled. Some modifications must be made to the apartment. Who is required to pay for the modifications.

A contract can be terminated by all of the following except:

A tenant who resides in a 25-unit apartment building has a stroke and needs some modifications made to the apartment to assist them with the quality of their living status. Who must pay for the modifications.

If an agent is soliciting listing based on the racial change in a neighborhood it would be known as:

A listing agreement that will pay any agent who produces a buyer is:

A Complaint about Fair Housing should be filed with:

Which of the following is not a duty of agency?

An act that prohibits price fixing among real estate agents would be:

Massachusetts Fair Housing Laws are:

Which of the following is not exempt from Fair Housing Laws:

Each Real Estate office is required to post a:

When the agent represents two parties in a transaction without permission of the two parties, it is known as:

A Real Estate Agent acting on behalf of a client is a:

In Massachusetts an agent can only offer compensation to a sub-agent with sellers consent and the sellers acknowledgement that they may be held liable for the actions of the sub-agent via:

A couple with a three-year old child has been denied access to look at an apartment. The agent who denied them access is guilty of discrimination via:

If a lender refuses to provide a loan to a Hispanic family buying in a predominantly white area, the lender might be guilty of:

A contract that allows the seller to sell their property and enlists one real estate company as well would be an:

Caveat Emptor means:

The owner of an apartment complex exempt from familial status denied a 50 year-old retiree an apartment. In this situation the owner:

The 1988 Amendment to the federal Fair Housing Act Increased coverage to include:

The act that made it illegal to discriminate on the basis of race is:

The Fair Housing Act of 1968 is known as:

Joe the neighborhood real estate agent is directing buyers of a different racial persuasion than himself to a particular section of his neighborhood. This is an example of:

A couple asks an agent to find them a home in a racially mixed area. The agent should:

An agent is found guilty of a second Fair Housing Violation. The fine is:

Which of the following is not a member of a protected class?

When describing the term Realtor we refer to:

When a salesperson prepares a listing contract they are creating a relationship between:

A listing agreement that creates the greatest amount of protection for the broker is an:

An agent places a newspaper ad for an apartment located in an owner-occupied two-unit property. The ad indicates that the apartment is ideal for retirees. In this situation the agent: