Massachusetts Real Estate Exam; Questions and Answer 100% Solved
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Course
MA Real Estate
Institution
MA Real Estate
Massachusetts Real Estate Exam; Questions
and Answer 100% Solved
Estoppel one promises to do something and another relies on that promise
and is harmed by
them not following through
Encroachment illegal intrusion or trespass into or over the property of
another. such as a wall
or fence
N...
Bank Approval steps: appraisal, ability to pay, credit check, p&s financing clause
Mortgage Contingency Clause ✔✔allows the buyer to secure financing, and if
the buyer cannot
do so, the agreement of
sale terminates.
Truth in Lending ✔✔The name given to the federal statutes and regulations
(Regulation Z)
, Massachusetts Real Estate Exam; Questions
and Answer 100% Solved
which are designed primarily to insure that prospective borrowers and
purchasers on credit
receive credit cost information before entering into a transaction.
Air Rights ✔✔The rights to use the air above the land.
Subsurface Mineral Rights ✔✔Rights beneath the actual surface of land,
including rights to the
minerals found there.
Real Property ✔✔land and anything attached to it
corporeal- land and physical items affixed to it
wall to wall carpeting
Personal Property ✔✔Portable
Tangible - physical
Intangible - rights /trademarks
Fixture ✔✔Personal property, which has been converted to real property by
method of
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