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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Massachusetts State-Specific Real Estate Law | - Fair Housing and Anti-Discrimination Laws
|
| National Real Estate Principles & Practices | - Property Ownership
|
Real Estate Massachusetts Real Estate Salesperson Sample Questions:
Which statement best describes the fundamental objective of professional property management?
- A. Preserve or enhance the property ' s value while maximizing appropriate income for the owner
- B. Minimize every repair expenditure regardless of consequences
- C. Maximize rent regardless of property condition
- D. Transfer ownership to tenants
Correct Answer: A 🗳️
Explanation: Only visible for BootcampPDF members. You can sign-up / login (it's free).
After underwriting a mortgage application, a lender issues a written document stating that it agrees to make the loan subject to specified terms and outstanding conditions. What is this document commonly called?
- A. Listing letter
- B. Deed certification
- C. Escrow release
- D. Mortgage commitment letter
Correct Answer: D 🗳️
Explanation: Only visible for BootcampPDF members. You can sign-up / login (it's free).
A mortgage requires regular monthly payments for 20 years but leaves a balance of $49,386.63 due in one large final payment. What type of loan is this?
- A. Balloon mortgage
- B. Straight-term lease
- C. Fully amortized mortgage
- D. Reverse mortgage
Correct Answer: A 🗳️
Explanation: Only visible for BootcampPDF members. You can sign-up / login (it's free).
Which of the following is true about mortgage assumptions?
- A. The mortgagee automatically releases the seller upon receipt of a warranty deed.
- B. The buyer is relieved of personal liability.
- C. The seller may or may not be released from liability.
- D. The buyer is required to sign a new mortgage note.
Correct Answer: C 🗳️
Explanation: Only visible for BootcampPDF members. You can sign-up / login (it's free).
A landlord may require that a disabled tenant
- A. remove the wheelchair ramp from the apartment upon vacating the unit.
- B. not install grab bars in the tile shower if drilling holes in the tile is required.
- C. pay an additional fee for using the swimming pool to cover the added insurance cost.
- D. pay double the usual $500 security deposit.
Correct Answer: A 🗳️
Explanation: Only visible for BootcampPDF members. You can sign-up / login (it's free).
