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Viewing page 6 out of 11 pages
Viewing questions 51-60 out of questions
Questions # 51:

Which form of concurrent real-property ownership is specifically available to married spouses in Massachusetts and carries survivorship rights?

Options:

A.

Tenancy by the entirety

B.

Estate at sufferance

C.

Severalty

D.

Periodic tenancy

Questions # 52:

How many members serve on the Massachusetts Board of Registration of Real Estate Brokers and Salespersons?

Options:

A.

Three

B.

Four

C.

Five

D.

Seven

Questions # 53:

A Massachusetts licensee renews without completing the required twelve hours of continuing education. What status can the license be renewed into?

Options:

A.

Active

B.

Inactive

C.

Attorney-broker

D.

Automatic broker status

Questions # 54:

A seller tells the listing agent, “Do not show me any offers below $500,000.” The agent later receives an offer for $490,000. Under Massachusetts Board guidance, what should the agent do?

Options:

A.

Destroy the offer

B.

Present the offer to the seller

C.

Reject it without informing the seller

D.

Hold it until another offer arrives

Questions # 55:

A Massachusetts landlord refuses an otherwise qualified applicant solely because the applicant intends to pay part of the rent using a lawful Section 8 housing voucher. Which statement is correct?

Options:

A.

The refusal is permitted because Section 8 recipients are not protected

B.

The refusal is lawful if the landlord prefers cash-paying tenants

C.

Refusing the applicant solely because of lawful rental assistance can violate Massachusetts fair-housing law

D.

Federal assistance may never be used for private housing

Questions # 56:

How long must a Massachusetts broker retain the Mandatory Licensee-Consumer Relationship Disclosure form?

Options:

A.

Six months

B.

One year

C.

Three years

D.

Ten years

Questions # 57:

In a firm whose business model is designated agency, who represents the client named in the consumer licensee disclosure form?

Options:

A.

Only the individual agent(s) named on the consumer licensee disclosure form

B.

All other designated buyer agents

C.

All other designated seller agents

D.

All the licensees

Questions # 58:

Which of the following agreements may be enforceable in Massachusetts even if made orally, assuming no other legal defect?

Options:

A.

A twenty-year lease of real estate

B.

A real estate listing agreement

C.

A contract for the sale of real estate

D.

A purchase-and-sale agreement transferring real property

Questions # 59:

A client makes an offer on a residential property and provides a check for $2,000 as earnest money. The client instructs his buyer agent to hold the check for five days so it will clear the bank. What should the agent do with the check?

Options:

A.

Provide the check to his broker immediately with the client ' s instruction to hold it for five days before depositing it in the escrow account.

B.

Inform the client that the offer will be presented without any earnest money since the agent is required to submit all offers.

C.

Hold it for five days before submitting the check to his broker for deposit in the escrow account.

D.

Refuse to present the offer to the seller ' s agent until the earnest money can be deposited.

Questions # 60:

A prospective tenant wishes to rent an apartment and is told by the owner that the owner does not want to rent to anyone with children because of the lead paint. The prospective tenant, who has children ages four, six, and nine years old, is not concerned about lead paint and wants to rent the apartment for six months. The owner agrees to lease them the unit. Concerning the lead paint, the owner must

Options:

A.

Write into the lease that the tenant has agreed that de-leading is not necessary.

B.

Not de-lead because this is only a six-month lease.

C.

De-lead or make lead-safe whether the tenant requires it or not.

D.

Wait to de-lead until the owner has sufficient funds.

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