Massachusetts real estate - Study guides, Class notes & Summaries

This is Solutions Manual zip file for South-Western Federal Taxation 2025, Individual Income Taxes 48th Edition By James Young, Annette Nellen, Mark Persellin, Sharon Lassar, Andrew Cuccia, Brad Cripe (All Chapters, 100% Original Verified, A+ Grade). PDF file is giving error in upload, thats why zip file is added. Check Sample Preview: TABLE OF CONTENTS Discussion Questions........................................................................................................... 1 Researc...

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.

In which type of financing agreement could an original mortgager become a mortgagee? - ANSWER Purchase Money Mortgage The major difference between a license and an easement in gross is that: - ANSWER a license is revocable A developer of a 10 home subdivision would likely benefit most from which of the following mortgage clauses? - ANSWER Partial Release Clause

Emma, a Massachusetts licensed salesperson, wants to place an advertisement in Brookline's local real estate magazine. What must she be sure to include? A. A fair housing statement B. Her broker's complete information C. Her email address D. Her license number - ANSWER B Evan bought into a Massachusetts housing cooperative that's focused on cultural exchange. Each month the co-op residents have dinner meetings and share food and culture from their respective regions. When E...

Bundle of Rights - ANSWER An ownership concept describing all the legal rights that attach to the ownership of real property. ( posession, control, enjoyment, exclusion, disposition) Personal Property - ANSWER Chattel; movable/ portable; everything that "falls out" of a house that is turned upside down Riparian Rights - ANSWER "R" ivers; rights along flowing waters such as rivers and streams; navigable ( to waters edge) non-navigable ( to middle) Literal Rights - ANSWER "...

When done for others and for compensation, which of the following may be done by someone who does NOT hold a real estate license in Massachusetts? - ANSWER Researching school districts and crime statistics for various neighborhoods. Negotiating, selling, or offering to sell real estate all require a license if done for others and for compensation. Research using public information doesn't require a real estate license. Lance purchased a home in Massachusetts, but he won't own any re...

RE Salesperson License requirements? - ANSWER 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? - ANSWER 3 years salesperson experience, 40 hour class, pass the exam, $5,000 bond and pay a fee. What is MLS? - ANSWER Multiple Listing Service. It's a marketing tool used by Salespeople to show their listings. Difference between RE Salesperson and RE Broker? - ANSWER Salesperson...

The CE Shop - Massachusetts Real Estate License State Content Practice Exam

Massachusetts Real Estate Exam 2 Questions with Correct Answers Brokers Authority to prepare documents - Answer-Fill in blanks...do not fill in Legal language Expressed vs. Implied Contracts - Answer-Expressed (sellers signing a marketing contract) Implied ( if you bring me a buyer I will pay you 3%) Another example; If you cash a rent check while tenant in sufferage you are implying that you have a lease Executory and Executed Contracts - Answer-Executory (something still remains to be ...

Massachusetts Real Estate License Practice Exam

Massachusetts Real Estate Exam 2 Questions with Answers Freehold Estates - Answer-owner has title for indefinite duration Non-Freehold Estates - Answer-limited duration (lease) Concurrent Estates - Answer-2 or more persons hold title together Gross Rent Multiplier - Answer-indicates market value of the subject from similar houses rented. divide selling price by rent. add the numbers and average. GMRM x monthly rent = value residence selling for $160,000 and renting for $1200 th...