Massachusetts real estate - Study guides, Class notes & Summaries

MASSACHUSETTS REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ Real Estate Definition - -is defined as land at, above, and below the earth's surface, plus all things permanently attached to it, whether natural or artificial. Land is defined as the the earth's surface, down to the center of the earth and upward to infinity, including natural objects. Used to transfer only real property is: - -Deed Personal property is transferred by a: - -Bill of Sale Elements of Personal Prope...

Massachusetts Real Estate Exam Questions and Answers 2024

Estoppel - correct answer one promises to do something and another relies on that promise and is harmed by them not following through Encroachment - correct answer illegal intrusion or trespass into or over the property of another. such as a wall or fence Nuisance - correct answer Interferes with quiet enjoyment and is an encroachment. Private nuisance= small area and can take court action Public Nuisance = large area and takes city action Rectangular Survey System - correct answer sys...

MASSACHUSETTS REAL ESTATE EXAM GUIDE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ Abandonment - -Lessee leaves without consent of lessor before lease expires, does not break lease or relieve lessee of obligations. Abatement - -Diminution of taxes Abstract of Title - -Condensed history of legal title, summarizing all instruments in chain of ownership, provided by lender's attorney and paid by the borrower. Abutting - -Neighboring land with a common boundary. Acceleration Clause - -A cl...

MASSACHUSETTS REAL ESTATE SALESPERSON LICENSE/ EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ RE Salesperson License requirements? - -18 years old, 40 hour class, pass the exam, must affiliate with a broker to practice and may not accept direct client payments Broker's License requirements? - -3 years salesperson experience, 40 hour class, pass the exam, $5,000 bond and pay a fee. What is MLS? - -Multiple Listing Service. It's a marketing tool used by Salespeople to show their listings...

MASSACHUSETTS REAL ESTATE EXAM (ACTUAL) LATEST 2024 WITH 130+ EXPERT CERTIFIED QUESTIONS AND ANSWERS I ALREADY GRADED A+ BRAND NEW!

Massachusetts Real Estate Salesperson License Questions and Answers 100% Pass RE Salesperson License requirements? 18 years old, 40 hour class, pass the exam, must affiliate with a broker to practice and may not accept direct client payments Broker's License requirements? 3 years salesperson experience, 40 hour class, pass the exam, $5,000 bond and pay a fee. What is MLS? Multiple Listing Service. It's a marketing tool used by Salespeople to show their listings. Difference between RE Salesp...

Massachusetts Real Estate Exam Questions and Answers 2024

Massachusetts Real Estate License Test with Questions Solved 100% Correct| Verified

Blockbusting causes: A Trust busting B Panic peddling C Blind advertising D Redlining - 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 - C Walk-in close...