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MA Salesperson Bundled Exams Questions and Answers 100% Pass
MA Salesperson Bundled Exams Questions and Answers 100% Pass
[Show more]MA Salesperson Bundled Exams Questions and Answers 100% Pass
[Show more]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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Add to cartMA 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...
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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Add to cartMA 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...
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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Add to cartMA 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...
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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Add to cartMA 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-...
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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Add to cartMA 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 ...
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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Add to cartMA 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...
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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Add to cartMA 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...
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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Add to cartMA 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...
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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Add to cartMA 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...
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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Add to cartMA 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...
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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Add to cartMA 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...
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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Add to cartMA 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...
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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Add to cartMA 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...
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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Add to cartMA 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...
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...
Preview 2 out of 6 pages
Add to cartMA 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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