Mass Real Estate National Exam
Questions and Answers
A judgment has been properly recorded. Any subsequent purchasers, whether they
have actually examined the record or not, have been given - ANSWER-constructive
notice
Three people buy a house as tenants in common. Subsequently, two of the owners
want to sell, but the third discourages each potential purchaser. The two owners who
wish to sell the house can - ANSWER-file an action for partition against the third
owner.
A major difference between freehold and nonfreehold estates is that all freehold
estates - ANSWER-are of indeterminable duration.
A major difference between freehold and nonfreehold estates is that all freehold
estates - ANSWER-are of indeterminable duration.
A legal easement can be created by any of the following EXCEPT - ANSWER-
merger of the titles.
Although states make specific laws governing water rights and the rights in land that
borders water, most states generally follow one of two basic doctrines regarding
water rights. In many states, the common law doctrine of riparian and littoral rights
dictates that water rights are automatically conveyed with property. In others, all
water rights are controlled by the state under the doctrine of - ANSWER-prior
appropriation
A lawsuit for inverse condemnation may be brought by - ANSWER-a homeowner
An appraiser MUST be licensed or certified to handle Federally related work on
residential property valued at more than - ANSWER-$250,000
If all other factors are equal, in which location is a parking lot likely to bring the
highest sales price? - ANSWER-Business district zoned for a six-story office
building.
Which rule-of-thumb formula for estimating property value is being offered to an
investor who is told that a house renting for $900 a month should sell for about
$90,000? - ANSWER-GRM
A competitive market analysis is MOST often used for - ANSWER-setting a listing
price.
In helping a buyer to select a lender, if the buyer believes he has good credit and his
income is documentable as a salary and by tax returns, the licensee might
Questions and Answers
A judgment has been properly recorded. Any subsequent purchasers, whether they
have actually examined the record or not, have been given - ANSWER-constructive
notice
Three people buy a house as tenants in common. Subsequently, two of the owners
want to sell, but the third discourages each potential purchaser. The two owners who
wish to sell the house can - ANSWER-file an action for partition against the third
owner.
A major difference between freehold and nonfreehold estates is that all freehold
estates - ANSWER-are of indeterminable duration.
A major difference between freehold and nonfreehold estates is that all freehold
estates - ANSWER-are of indeterminable duration.
A legal easement can be created by any of the following EXCEPT - ANSWER-
merger of the titles.
Although states make specific laws governing water rights and the rights in land that
borders water, most states generally follow one of two basic doctrines regarding
water rights. In many states, the common law doctrine of riparian and littoral rights
dictates that water rights are automatically conveyed with property. In others, all
water rights are controlled by the state under the doctrine of - ANSWER-prior
appropriation
A lawsuit for inverse condemnation may be brought by - ANSWER-a homeowner
An appraiser MUST be licensed or certified to handle Federally related work on
residential property valued at more than - ANSWER-$250,000
If all other factors are equal, in which location is a parking lot likely to bring the
highest sales price? - ANSWER-Business district zoned for a six-story office
building.
Which rule-of-thumb formula for estimating property value is being offered to an
investor who is told that a house renting for $900 a month should sell for about
$90,000? - ANSWER-GRM
A competitive market analysis is MOST often used for - ANSWER-setting a listing
price.
In helping a buyer to select a lender, if the buyer believes he has good credit and his
income is documentable as a salary and by tax returns, the licensee might
