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| Section | Objectives |
|---|---|
| Topic 1: National Real Estate Principles & Practices | - Land Use Controls & Regulations
|
| Topic 2: Massachusetts State-Specific Real Estate Law | - Real Estate Practices in Massachusetts
|
1. If owners ask a broker not to show a property to recipients of government assistance, the broker must
A) Inform the Massachusetts Commission Against Discrimination.
B) Refuse the listing.
C) Inform the Board of Registration.
D) Accept the listing.
2. A broker lists a property for ninety days. A buyer stops at the owner's residence and makes an offer for the property, which the owner accepts. The broker has no knowledge of the sales agreement between the buyer and the owner. The broker is entitled to a commission from the sale if the agreement the broker had with the owner was a(n)
A) Net listing.
B) Exclusive right-to-sell listing.
C) Exclusive agency listing.
D) Open listing.
3. A salesperson owns an apartment complex in Boston. The salesperson has decided to advertise the property for sale in a local newspaper and personally sell it. If the salesperson proceeds in this manner, the salesperson is
A) Not violating the law because the broker-salesperson distinction does not apply to commercial properties.
B) Violating the law because the salesperson is not a broker and cannot advertise.
C) Violating the law because a salesperson may not sell an income-producing property.
D) Not violating the law because the salesperson has all the rights of a non-salesperson owner.
4. An owner signed a contract to sell an apartment building. Just before closing, the owner informed the buyers that the owner would NOT sell the property. A lawsuit filed by the buyers would be for
A) a deficiency judgment.
B) lis pendens.
C) quiet title action.
D) specific performance.
5. An owner has a freestanding cabinet that was custom-built to fit an alcove of the living room. When the owner sells the home, the cabinet will be best described as
A) a fixture.
B) an appurtenance.
C) personal property.
D) real property.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: A |
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