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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| National Real Estate Principles & Practices | - Valuation and Market Analysis
|
| Massachusetts State-Specific Real Estate Law | - State Licensing Laws
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
Which statement correctly describes an estate for years?
- A. It automatically includes ownership of the property
- B. It has a definite beginning and ending period and expires according to its term
- C. It continues indefinitely until notice is given
- D. It lasts for the tenant ' s lifetime
Correct Answer: B 🗳️
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For a Massachusetts property served by an on-site septic system, when must a Title 5 inspection generally be completed in connection with an ordinary sale?
- A. Exactly five years before the sale
- B. Title 5 never applies to property transfers
- C. Only after closing
- D. Within two years before the sale
Correct Answer: D 🗳️
Explanation: Only visible for DumpsTorrent members. You can sign-up / login (it's free).
Which of the following documents would ordinarily be available through a search of the public land records when it has been properly recorded?
- A. Recorded mortgage
- B. An unrecorded verbal listing agreement
- C. The buyer ' s personal credit report
- D. An unrecorded private conversation
Correct Answer: A 🗳️
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A subordination agreement is used to
- A. initiate foreclosure proceedings.
- B. change the priority of mortgages.
- C. pledge property for a loan without giving up possession.
- D. assign rents to the lender in case of borrower default.
Correct Answer: B 🗳️
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A utility company needs a permanent right to run power lines across numerous privately owned parcels.
Which easement is most characteristic of the utility company ' s interest?
- A. License
- B. Estate for years
- C. Easement in gross
- D. Easement appurtenant
Correct Answer: C 🗳️
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