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MA Salesperson Bundled Exams Questions and Answers 100% Pass

MA Salesperson Bundled Exams Questions and Answers 100% Pass

15 items

MA Salesperson Exam Module 1: The Basics Questions and Answers 100% Pass

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MA Salesperson Exam Module 1: The Basics Questions and Answers 100% Pass Why do we have licenses? - ANSWER--To protect the public, for the public good. Much of the Government's ability to regulate private transactions stems from Police Power which is the right of the Gov to enact laws to prot...

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MA Salesperson Exam Module 2: Property Rights Study Guide Solutions

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MA Salesperson Exam Module 2: Property Rights Study Guide Solutions Personal Property - ANSWER-Anything not associated with the land, personalty, moveable property Real Property - ANSWER-the land, anything attached to the land, and all of the various rights associated with the ownership of the l...

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MA Salesperson Exam Module 3: Interests in Real Estate Study Guide Solutions

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MA Salesperson Exam Module 3: Interests in Real Estate Study Guide Solutions Freeholds - ANSWER-Fee simple absolute, fee simple defeasible, life estates Fee Simple Absolute - ANSWER-Default type -aka fee, fee simple, fee simple indefeasible -not limited, inheritable -owner is entitle to the e...

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MA Salesperson Exam Module 4: Limitations of Property Rights Study Guide Solutions

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MA Salesperson Exam Module 4: Limitations of Property Rights Study Guide Solutions encumberance - ANSWER-the term used to refer to restrictions that limit real property public limitations - ANSWER-limitations on what property owners can do with their real estate, P.E.T.E Police power - ANSWER-...

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MA Salesperson Exam Module 5: Transfer of Property Study Guide Solutions

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MA Salesperson Exam Module 5: Transfer of Property Study Guide Solutions Deeds - ANSWER-- How RE is transferred or conveyed -legal document that transfers title or ownership -receipt for RE Valid deed must contain: - ANSWER-§ Must be written § Grantor must be legally competent § Must name ...

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MA Salesperson Exam Module 6: Contracts and Contracts in Practice Study Guide Solutions

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MA Salesperson Exam Module 6: Contracts and Contracts in Practice Study Guide Solutions contract - ANSWER-legally binding agreements between two or more parties (natural or legal persons) perform - ANSWER-do what you legally promised in the contract essentials of a contract - ANSWER-offer and a...

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MA Salesperson Exam Module 7: Leases Study Guide Solutions

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MA Salesperson Exam Module 7: Leases Study Guide Solutions Leases - ANSWER--also known as tenancy for years, estate for years, interest for years, or demise -written conveyance of possession but not ownership of real estate, for some specific period of time privity of estate - ANSWER-a legal rel...

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MA Salesperson Exam Module 8: Property Valuation Study Guide Solutions

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MA Salesperson Exam Module 8: Property Valuation Study Guide Solutions appraisal - ANSWER-estimate of value of property Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 - ANSWER-o appraisers must have an appraisal license to make an appraisal for federally rel...

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MA Salesperson Exam Module 9: Introduction to Real Estate Financing Study Guide Solutions

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MA Salesperson Exam Module 9: Introduction to Real Estate Financing Study Guide Solutions financing - ANSWER-receiving, or providing, money for the purchase of real estate debt to income ratio - ANSWER-A standard tool that calculates whether a borrower will have difficulty meeting his or her lo...

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MA Salesperson Exam Module 10: Real Estate Financing Exam Study Guide Solutions

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MA Salesperson Exam Module 10: Real Estate Financing Exam Study Guide Solutions secondary mortgage market - ANSWER--banks have the option to sell off the loan investors -After the loan is sold (either at a discount for less that its worth or at a premium for more than it's worth) the mortgag...

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MA Salesperson Exam Module 11: Government Financing Programs & Regulations Study Guide Solutions Updated 2024

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MA Salesperson Exam Module 11: Government Financing Programs & Regulations Study Guide Solutions Updated 2024 conventional loans - ANSWER-not apart of government financing programs government financing programs - ANSWER-encourage home ownership by making loans affordable. Allow borrowers to us...

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MA Salesperson Exam Module 12: Consumer Protection Laws Study Guide Solutions | Grade A+

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MA Salesperson Exam Module 12: Consumer Protection Laws Study Guide Solutions | Grade A+ Consumer Protection Act, MGL 93A - ANSWER-§ Allow for private right of action o Law is designed to protect consumers from unfair and deceptive practice employed by some businesses o Empower consumer who f...

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MA Salesperson Exam Module 13: Real Estate Agency Study Guide Solutions

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MA Salesperson Exam Module 13: Real Estate Agency Study Guide Solutions Law of Agency - ANSWER-governs the relationship between clients and agents Principal - ANSWER--person hiring the agents -could be client or broker -vicarious liability vicarious liability - ANSWER-if you are a client who h...

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MA Salesperson Exam Module 14: Fair Housing Law Exam Study Guide Solutions

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MA Salesperson Exam Module 14: Fair Housing Law Exam Study Guide Solutions Fair housing law - ANSWER-· prohibits discrimination in real estate based on a number of protected classes o Covers real estate agent, sellers, buyers, landlords, appraisers, and anyone else involved in a RE transaction...

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MA Salesperson Exam Module 7: Leases Study Guide Solutions

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MA Salesperson Exam Module 7: Leases Study Guide Solutions Leases - ANSWER--also known as tenancy for years, estate for years, interest for years, or demise -written conveyance of possession but not ownership of real estate, for some specific period of time privity of estate - ANSWER-a legal rel...

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