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Massachusetts · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 MassachusettsMassachusetts recognizes several agency relationships, including seller's agent, buyer's agent, dual agent, and designated agent, as well as a non-agent facilitator role where the licensee assists parties without representing either one. A licensee owes fiduciary duties such as loyalty, confidentiality, and full disclosure to the party they represent. Dual agency and designated agency are permitted only with the informed written consent of the clients involved, since they limit the undivided loyalty a licensee can provide.
Yes. State License Law is a scored domain on the Massachusetts real estate licensing exam, and this topic appears in the state license-law portion.
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Massachusetts applies its own license law on top of the national portion. This page covers the Massachusetts rules specifically, which is what the state section of your exam tests.