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| Section | Objectives |
|---|---|
| Topic 1: National Real Estate Principles & Practices | - Property Ownership
|
| Topic 2: Massachusetts State-Specific Real Estate Law | - Fair Housing and Anti-Discrimination Laws
|
Question 1
The Massachusetts Consumer Protection Act requires that
A. The buyer be informed of all offers.
B. The seller ' s information be kept confidential.
C. The broker disclose known material defects.
D. The seller disclose all offers received.
Question 2
At a real estate closing, a seller signs a sworn statement concerning matters such as ownership, liens, possession, and other circumstances affecting title. What is this document commonly called?
A. Listing affidavit
B. Mortgage note
C. Certificate of occupancy
D. Affidavit of title
Question 3
Under current Massachusetts probate law, where is the initial estate proceeding generally filed?
A. Always in the county where the person physically died
B. Wherever the executor personally chooses
C. In the county where the beneficiaries live
D. In the county where the decedent was domiciled at death; if the decedent was not domiciled in Massachusetts, in a Massachusetts county where the decedent owned property
Question 4
Which of the following is a lien against real estate?
A. Riparian right
B. Recorded mortgage
C. Trade fixture
D. Freestanding refrigerator
Question 5
A properly recorded lis pendens primarily provides notice of which circumstance?
A. A final money judgment unrelated to the property
B. A potential cloud on title caused by pending litigation affecting the property
C. A mortgage loan that has already been paid
D. A pending real estate listing agreement
Solutions:
| Question 1 Answer: C | Question 2 Answer: D | Question 3 Answer: D | Question 4 Answer: B | Question 5 Answer: B |
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