Massachusetts Real Estate Salesperson Exam — All Questions
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Massachusetts requires licensees to present consumers with a mandatory agency disclosure form. This disclosure must generally be provided:
- a.At the first personal meeting to discuss a specific property✓
- b.Only after a purchase contract is signed
- c.Only at the closing table
- d.Never, because Massachusetts has no agency disclosure
Massachusetts requires the Mandatory Licensee-Consumer Relationship Disclosure to be presented at the first personal meeting between a licensee and a consumer to discuss a specific property, so the consumer understands whom the licensee represents before sharing information.
Massachusetts real estate law recognizes a relationship in which a licensee assists a buyer and seller without representing either as a client. This is known as a:
- a.Designated seller agent
- b.Dual agent
- c.Facilitator (non-agent)✓
- d.Subagent of the buyer
Massachusetts recognizes the facilitator relationship, in which a licensee helps parties reach an agreement without acting as the agent of either and without owing fiduciary duties of loyalty, though the facilitator must still be honest and account for funds.