100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MA Real Estate Practice Exam Questions & ANSWERS(GRADED A) $14.99   Add to cart

Exam (elaborations)

MA Real Estate Practice Exam Questions & ANSWERS(GRADED A)

 7 views  0 purchase
  • Course
  • Massachusetts Real Estate
  • Institution
  • Massachusetts Real Estate

Blockbusting causes: A Trust busting B Panic peddling C Blind advertising D Redlining - ANSWER B. Panic Peddling Blockbusting causes panic peddling (also known as panic selling), where homeowners quickly sell their homes for fear of a drop in home values due to the entry of a protected clas...

[Show more]

Preview 4 out of 97  pages

  • October 20, 2024
  • 97
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ma real estate
  • Massachusetts Real Estate
  • Massachusetts Real Estate
avatar-seller
shantelleG
MA Real Estate Practice Exam Questions &
ANSWERS(GRADED A)

Blockbusting causes:

A Trust busting

B Panic peddling

C Blind advertising

D Redlining - ANSWER B. Panic Peddling



Blockbusting causes panic peddling (also known as panic selling), where homeowners quickly sell their
homes for fear of a drop in home values due to the entry of a protected class into their neighborhood.



Which of the following advertisements would violate fair housing law?



A Private outdoor space

B No elevator access

C Walk-in closet

D Easy access to the highway - ANSWER C Walk-in closet



"Walk-in closet" is an example of discriminatory advertising directed toward those with a physical
disability. A better choice of words would be "spacious closet" or "large closet."



Which of the following activities would a salesperson be able to perform?



A Take listings

B Deposit client money

C Advertise listings

D All of the above - ANSWER D All of the above

, Salespersons are never allowed to handle client money or technically take listings, since the listings
belong to the brokerage. The broker is the one who takes the listing and the salesperson may work to
advertise, sell and negotiate the terms as an extension of the broker.



Under the Fair Housing Act of 1968 and amendments, it is lawful to discriminate based on:



A Religion

B Children

C National origin

D Sexual orientation - ANSWER D Sexual orientation



While sexual orientation is protected under many state's fair housing laws, it is not a protected class
under the Fair Housing Act of 1968 and amendments



All of the following are included in the four unities of joint tenancy, except:



A Unity of time

B Unity of measure

C Unity of interest

D Unity of possession - ANSWER B Unity of measure



The four unities of joint tenancy are time, interest, possession, and title.



A bill of sale is used to convey what?



A Real property

B Personal property

C Property by will

D None of the above - ANSWER B Personal property

, Bills of sale (or receipts) transfer ownership of personal propert



Real property can become personal property by which process?



A Fiduciary

B Annexation

C Severance

D Hypothecation - ANSWER C Severance



The act of severance makes real property become personal property; an example is digging up a tree.



A lease creates an interest(s) known as a:



A Freehold interest

B Non-freehold interest

C Non-freehold and rental only interest

D Non-freehold, transference, and possession interest - ANSWER B Non-freehold interest



A freehold is an ownership interest, and a non-freehold is a possessory interest (for example, a rental).



Tom Brady gives Jimmy Garoppolo the right to his home so long as Jimmy is alive. However, once Jimmy
passes away, the property will revert back to Tom. Jimmy throws wild parties and destroys the house.
Tom brings a lawsuit against Jimmy in order to get him to leave. Under what cause of action would Tom
bring his lawsuit?



A Quiet title

B Failure to pay rent

C Waste

D Partition - ANSWER C Waste

, Waste is a cause of action that future interest holders can bring against a life estate tenant when that
tenant causes damage to the property.



An ownership interest that is more of an ownership of time is a:



A Timeshare

B Interest for years

C Estate for years

D Non-freehold - ANSWER A Timeshare



A timeshare is a form of ownership where the owner only owns the property for a specific period of time
during the year in fee simple, along with a shared interest in the common areas.



The key to a storage locker located in the basement of a condominium building is:



A Realty

B Personalty

C trade fixture

D An emblement - ANSWER B Personalty



A key is an example of personalty (aka personal property or chattel) since it is not directly or indirectly
attached to land.



George is hired to pave Martha's driveway. After George finishes his work, he and Martha have a
disagreement about the work that was done, and Martha refuses to pay him. George files for a lien
against Martha's property to secure payment. This encumbrance is a:



A Attachment lien

B Judgment lien

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller shantelleG. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67866 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$14.99
  • (0)
  Add to cart