MA REAL ESTATE EXAMS PACK | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

What are the two types of property? Correct Answer: real property and personal property Real estate, Real Property, or Realty Correct Answer: land and certain items attached to the land What rights of ownership does the owner of real estate (real property, realty) have? Correct Answer: The abil...

Consumer Protection Act Correct Answer: Mass General Law Chapter 93A (Protects consumers by prohibiting unfair/deceptive business practices) MGL Chapter 93A Correct Answer: Consumer protection Act MGL Chapter 40B Correct Answer: State statute which enables local zoning boards of appeals to ...

Types of Property: Personal property Correct Answer: Refers to land/things that are moveable& tangible. furniture, tv, swings, artificial plants Types of Property: Real property Correct Answer: Refers to land/things that are permanently attached. plants, building tree, ground minerals Land C...

Appraisal Correct Answer: An estimation of a property's value, usually prepared by a professional who is licensed in this field. Brokerage Correct Answer: The business of bringing people together in a real estate transaction. Commerical Correct Answer: The types of properties that include ...

A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have? a) Gross lease b) Proprietary lease. c) Tenancy at sufferance d) Tenancy at Will Correct Answer: d) Tenancy at Wil...