Real Estate Brokerage Practice Test - 31 Questions
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Question 1 |
Massachusetts Fair Housing Laws are:
A | Chapter 40B |
B | Chapter 183A |
C | Chapter 151B |
D | Chapter 87AAA |
Question 2 |
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 | Local Housing Department |
B | Property owner |
C | Tenant |
D | Local Building Department |
Question 3 |
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 | Cooperating Brokerage |
B | Vicarious Liability |
C | Disclosure Dual Agency |
D | Anti-Trust Laws |
Question 4 |
Which of the following is not exempt from Fair Housing Laws:
A | Property owned by Religious Groups |
B | Familial Status |
C | Owner occupied apartment buildings |
D | Private Clubs |
Question 5 |
When the agent represents two parties in a transaction without permission of the two parties, it is known as:
A | Undisclosed Dual Agency |
B | Bi-Agency |
C | Facilitation |
D | Dual Agency |
Question 6 |
A listing agreement that creates the greatest amount of protection for the broker is an:
A | Exclusive Right to Sell |
B | Exclusive Borkerage |
C | Exclusive Agency |
D | Exclusive Agreement |
Question 7 |
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.
A | Split 50/50 |
B | The property manager. |
C | The property owner. |
D | Tenant |
Question 8 |
The 1988 Amendment to the federal Fair Housing Act Increased coverage to include:
A | Race |
B | Familial Status |
C | Age |
D | Gender |
Question 9 |
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 | Panic-Peddling |
B | Blockbusting |
C | Redlining |
D | Steering |
Question 10 |
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 | Steering |
B | Redlining |
C | Subrogation |
D | Blockbusting |
Question 11 |
A contract that allows the seller to sell their property and enlists one real estate company as well would be an:
A | Exclusive Listing |
B | Multiple Listing |
C | Open Listing |
D | Exclusive Agency |
Question 12 |
Which of the following is not a duty of agency?
A | Facilitation |
B | Confidentiality |
C | Accounting |
D | Loyalty |
Question 13 |
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 | A Commission Agreement |
B | Triple Net Listing |
C | Multiple Listing Contract |
D | A Net Listing |
Question 14 |
When describing the term Realtor we refer to:
A | A member of the National Association of Realtors. |
B | A member of a real estate office. |
C | A member of the Division of Professional Licensure. |
D | A person who has passed the licensing exam. |
Question 15 |
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:
A | Apartment Rental Law |
B | Familial Status |
C | Lead Paint Law |
D | Steering |
Question 16 |
A Real Estate Agent acting on behalf of a client is a:
A | Universal Agent |
B | Secret Agent |
C | General Agent |
D | Special Agent |
Question 17 |
Caveat Emptor means:
A | Let the Buyer Beware |
B | Accounting Disclosure |
C | Respondent Superior |
D | Empty Premise |
Question 18 |
The act that made it illegal to discriminate on the basis of race is:
A | Civil Rights Act of 1866 |
B | Acts of 1988 |
C | Title X |
D | Civil Rights Act of 1968 |
Question 19 |
When a salesperson prepares a listing contract they are creating a relationship between:
A | The agent's broker and the seller. |
B | The agent and the seller. |
C | The agent's broker and the office. |
D | The agent and the office. |
Question 20 |
An act that prohibits price fixing among real estate agents would be:
A | The Facilitation Trust Act |
B | The Land Disclosure Act |
C | The Sherman Anti-Trust Act |
D | The Starker Trust Reform |
Question 21 |
The Fair Housing Act of 1968 is known as:
A | Title X |
B | Title V |
C | Title VIII |
D | Title VI |
Question 22 |
If an agent is soliciting listing based on the racial change in a neighborhood it would be known as:
A | Steering |
B | Net Listings |
C | Blockbusting |
D | Redlining |
Question 23 |
A Complaint about Fair Housing should be filed with:
A | Massachusetts Commission Against Descrimination |
B | Massachusetts Chapter Against Descrimination |
C | The Real Estate Board |
D | Massachusetts Communities Against Discrimination |
Question 24 |
Each Real Estate office is required to post a:
A | MCAD Poster |
B | Blockbusting Poster |
C | Fair Housing Poster |
D | RESPA Poster |
Question 25 |
The owner of an apartment complex exempt from familial status denied a 50 year-old retiree an apartment. In this situation the owner:
A | Violated Fair Housing Laws. |
B | Did nothing wrong. |
C | Is guilty of discrimination. |
D | Could be sued by the tenant. |
Question 26 |
A contract can be terminated by all of the following except:
A | Performance |
B | Death of the Agent |
C | Destruction |
D | Expiration |
Question 27 |
Which of the following is not a member of a protected class?
A | A person on public assistance. |
B | A 25 year old who is divorced. |
C | A 62 year-old retiree. |
D | A person with a disability. |
Question 28 |
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:
A | Utilized discriminatory advertising |
B | Violated Chapter 40B |
C | Did nothing wrong because it is an owner-occupied property. |
D | Blockbusting |
Question 29 |
An agent is found guilty of a second Fair Housing Violation. The fine is:
A | $25,000 |
B | $15,000 |
C | $50,000 |
D | $10,000 |
Question 30 |
A couple asks an agent to find them a home in a racially mixed area. The agent should:
A | Locate a racially mixed area. |
B | Tell the buyers about all the properties for sale. |
C | Tell the buyers the statistics within an area. |
D | Tell the buyers that they should choose their own neighborhood. |
Question 31 |
A listing agreement that will pay any agent who produces a buyer is:
A | Buyer-Agent Agreement |
B | Exclusive Agency |
C | Open listing |
D | Net listing |
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