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MA Real Estate Practice Exam Questions and Answers

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MA Real Estate Practice Exam Questions and Answers Blockbusting causes: A Trust busting B Panic peddling C Blind advertising D Redlining - ANSWER-B. Panic Peddling Blockbusting causes panic peddling (also known as panic selling), where homeowners quickly sell their homes for fear of a drop in home values due to the entry of a protected class into their neighborhood. Which of the following advertisements would violate fair housing law? A Private outdoor space B No elevator access C Walk-in closet D Easy access to the highway - ANSWER-C Walk-in closet "Walk-in closet" is an example of discriminatory advertising directed toward those with a physical disability. A better choice of words would be "spacious closet" or "large closet." Which of the following activities would a salesperson be able to perform? A Take listings B Deposit client money C Advertise listings D All of the above - ANSWER-D All of the above Salespersons are never allowed to handle client money or technically take listings, since the listings belong to the brokerage. The broker is the one who takes the listing and the salesperson may work to advertise, sell and negotiate the terms as an extension of the broker. Under the Fair Housing Act of 1968 and amendments, it is lawful to discriminate based on: A Religion B Children C National origin D Sexual orientation - ANSWER-D Sexual orientation While sexual orientation is protected under many state's fair housing laws, it is not a protected class under the Fair Housing Act of 1968 and amendments All of the following are included in the four unities of joint tenancy, except: A Unity of time B Unity of measure C Unity of interest D Unity of possession - ANSWER-B Unity of measure The four unities of joint tenancy are time, interest, possession, and title. A bill of sale is used to convey what? A Real property

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MA Real Estate Practice Exam
Questions and Answers
Blockbusting causes:
A Trust busting
B Panic peddling
C Blind advertising
D Redlining - ANSWER-B. Panic Peddling

Blockbusting causes panic peddling (also known as panic selling), where
homeowners quickly sell their homes for fear of a drop in home values due to the
entry of a protected class into their neighborhood.

Which of the following advertisements would violate fair housing law?

A Private outdoor space
B No elevator access
C Walk-in closet
D Easy access to the highway - ANSWER-C Walk-in closet

"Walk-in closet" is an example of discriminatory advertising directed toward those
with a physical disability. A better choice of words would be "spacious closet" or
"large closet."

Which of the following activities would a salesperson be able to perform?

A Take listings
B Deposit client money
C Advertise listings
D All of the above - ANSWER-D All of the above

Salespersons are never allowed to handle client money or technically take listings,
since the listings belong to the brokerage. The broker is the one who takes the listing
and the salesperson may work to advertise, sell and negotiate the terms as an
extension of the broker.

Under the Fair Housing Act of 1968 and amendments, it is lawful to discriminate
based on:

A Religion
B Children
C National origin
D Sexual orientation - ANSWER-D Sexual orientation

While sexual orientation is protected under many state's fair housing laws, it is not a
protected class under the Fair Housing Act of 1968 and amendments

,All of the following are included in the four unities of joint tenancy, except:

A Unity of time
B Unity of measure
C Unity of interest
D Unity of possession - ANSWER-B Unity of measure

The four unities of joint tenancy are time, interest, possession, and title.

A bill of sale is used to convey what?

A Real property
B Personal property
C Property by will
D None of the above - ANSWER-B Personal property

Bills of sale (or receipts) transfer ownership of personal propert

Real property can become personal property by which process?

A Fiduciary
B Annexation
C Severance
D Hypothecation - ANSWER-C Severance

The act of severance makes real property become personal property; an example is
digging up a tree.

A lease creates an interest(s) known as a:

A Freehold interest
B Non-freehold interest
C Non-freehold and rental only interest
D Non-freehold, transference, and possession interest - ANSWER-B Non-freehold
interest

A freehold is an ownership interest, and a non-freehold is a possessory interest (for
example, a rental).

Tom Brady gives Jimmy Garoppolo the right to his home so long as Jimmy is alive.
However, once Jimmy passes away, the property will revert back to Tom. Jimmy
throws wild parties and destroys the house. Tom brings a lawsuit against Jimmy in
order to get him to leave. Under what cause of action would Tom bring his lawsuit?

A Quiet title
B Failure to pay rent
C Waste
D Partition - ANSWER-C Waste

,Waste is a cause of action that future interest holders can bring against a life estate
tenant when that tenant causes damage to the property.

An ownership interest that is more of an ownership of time is a:

A Timeshare
B Interest for years
C Estate for years
D Non-freehold - ANSWER-A Timeshare

A timeshare is a form of ownership where the owner only owns the property for a
specific period of time during the year in fee simple, along with a shared interest in
the common areas.

The key to a storage locker located in the basement of a condominium building is:

A Realty
B Personalty
C trade fixture
D An emblement - ANSWER-B Personalty

A key is an example of personalty (aka personal property or chattel) since it is not
directly or indirectly attached to land.

George is hired to pave Martha's driveway. After George finishes his work, he and
Martha have a disagreement about the work that was done, and Martha refuses to
pay him. George files for a lien against Martha's property to secure payment. This
encumbrance is a:

A Attachment lien
B Judgment lien
C Mechanic's lien
D Contractor's lien - ANSWER-C Mechanic's lien

A mechanic's lien is a lien placed on real estate by someone who contributed to real
property improvement, in order to secure payment for their work.

Louis shares a driveway with Larry. Larry has an easement which gives him the right
to walk across Louis' parking spot in order to gain access to his car. In this scenario,
Louis owns the:

A Servient tenement
B Voluntary tenement
C Dominant tenement
D Involuntary tenement - ANSWER-A Servient tenement

The servient tenement is the property that is encumbered by someone else's right
(the dominant tenement). In this scenario, Louis is the one who has to allow Larry to
walk across his property; therefore, he is the one who is encumbered.

, A property owner wishes to build a six story office building in an area that limits
building heights to four stories. What must they file for in order to build the six story
building?

A a variance
B Non-conforming use permit
C Title V permission
D Police power exclusion - ANSWER-A a variance

A variance is special permission to do something that zoning prohibits. In this
example, the property owner would need a variance to build their six story building.

During month 9 of a 12 month lease that contains an option to purchase, the lease
is:

A Executory and unilateral
B Executory and bilateral
C Executed and unilateral
D Executed and bilateral - ANSWER-B Executory and bilateral

A lease is bilateral (both parties make a promise) and executory (not yet completed).
Options may be unilateral, but the lease is still bilateral even if it contains an option.

A Purchase and Sale agreement was agreed to and signed by both buyer and seller
on August 15th, with a closing scheduled for September 15th. From the 15th of
August till the 15th of September, what is the best description of this contract's
status?

A Executed
B Voidable
C Executory
D. Valid - ANSWER-C Executory

An executory status means that the promises in the contract have not yet been
fulfilled, even though the contract has been signed and accepted.

Claudia, a real estate agent is at an open house and using the bathroom. Upon
exiting, Claudia forgets to shut off the faucet on the sink all the way. Claudia leaves
the open house and when the sellers return from vacation three days later, they find
that the sink has overflowed and caused damage to the floors in the hallways just
outside the bathroom. Which of the following would likely cover this incident so
Claudia doesn't have to pay out of pocket?

A General Liability Insurance
B Errors And Omissions Insurance
C Professional Liability Insurance
D Corporate Insurance - ANSWER-A General Liability Insurance

General liability insurance covers damage done by agents to personal or real
property while on showings or at open houses.

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