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Massachusetts State Real Estate Laws and Real Estate Board Rules — Broker — Information & Free Practice

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Massachusetts State Real Estate Laws and Real Estate Board Rules — Broker

Provider
PSI Services LLC
Format
Computer-based written examination; independent state result
Exam questions
40 scored questions (40 points); the bulletin permits 5–10 additional unscored experimental questions
Time limit
90 minutes
Passing score
70%
Examination outline
  • I. Duties and Powers of the Board of Registration of Real Estate Brokers and Salespersons (5%; Brokers: 2 items)
    • A. Examination of records
    • B. Sanctions
    • B. Sanctions — 1. Fines
    • B. Sanctions — 2. License suspension and revocation
  • II. Licensing Requirements (10%; Brokers: 4 items)
    • A. Activities requiring a license
    • B. Types of licenses
    • B. Types of licenses — 1. Active, inactive, and expired
    • C. License renewal and continuing education
    • D. Board notifications
  • III. Requirements Governing Licensees (33–35%; Brokers: 14 items)
    • A. Advertising
    • B. Broker/salesperson relationship
    • C. Commissions
    • D. Disclosures
    • D. Disclosures — 1. Consumer/Licensee Relationship
    • D. Disclosures — 2. Conflict of interest
    • D. Disclosures — 3. Rental fee disclosures
    • E. Agency and Non-Agency Relationships
    • F. Handling of documents
    • G. Handling of monies
    • H. Record Keeping (Broker only)
    • I. Home inspectors--licensee responsibility
  • IV. Contracts (5%; Brokers: 2 items)
    • A. Offer to Purchase
    • B. Purchase and Sale agreement
    • C. Leases
    • D. Listing and Buyer Agreements
  • V. Consumer Protection Laws (10–12%; Brokers: 4 items)
    • A. Property disclosures
    • B. Misrepresentation
    • C. Privacy
    • D. Sanctions and enforcements
  • VI. Environmental Issues and Hazardous Materials (10%; Brokers: 4 items)
    • A. Lead
    • B. Private sewage disposal
    • C. Smoke and carbon monoxide detection
    • D. Wetlands and rivers protection
  • VII. Massachusetts Fair Housing Law (10%; Brokers: 4 items)
    • A. Protected classes that differ from Federal
    • B. MA specific exceptions
    • C. MA Commission Against Discrimination
    • D. ADA and other accommodations
  • VIII. Landlord Tenant Law (10%; Brokers: 4 items)
    • A. Rental deposits, Receipts and Statement of Condition
    • B. State Sanitary Code
    • C. Short-term Vacation or Recreational Rentals
  • IX. Additional Topics (5%; Brokers: 2 items)
    • A. Ownership
    • B. Condominiums, Cooperatives, and Timeshares
    • C. Registered Land
Examination sources

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