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Exam (elaborations)

MA Real Estate Exam General Questions; Questions and Answer 100% Solved

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  • Course
  • MA Real Estate
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  • MA Real Estate

MA Real Estate Exam General Questions; Questions and Answer 100% Solved Broker acts as a point of contact between two or more people in negotiating the sale, purchase, or rental of property Slesperson Conducts brokerage activities on behalf of the broker. The broker is responsible for th...

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  • August 26, 2024
  • 46
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MA Real Estate
  • MA Real Estate
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MA Real Estate Exam General Questions;
Questions and Answer 100% Solved
Broker ✔✔acts as a point of contact between two or more people in negotiating

the sale,


purchase, or rental of property


Slesperson ✔✔Conducts brokerage activities on behalf of the broker. The broker

is responsible

for the salesperson's acts.


property management ✔✔a person or company hired to maintain and manage

property on behalf


of its owner


home inspection ✔✔A profession that allows practicioners to combine their

interest in real estate


with their professional skills in the construction trades or in engineering.


NAR ✔✔National Association of Realtors. Must be a member of this to be a

realtor.

, MA Real Estate Exam General Questions;
Questions and Answer 100% Solved
Types of Real Property ✔✔Residential, commercial, Industrial, agricultural,

special purpose.


Supply and Demand ✔✔When supply increases and demand remains stable,

prices go down.


When demand increases and supply remains stable, prices go up.


factors affecting real estate supply ✔✔labor force, construction costs,

government controls, gov


financial policies.


factors affecting real estate demand ✔✔population, employment, wage levels.


Guidelines for becoming a broker ✔✔Must be a salesperson for at least one

year, with a


minimum of 25 hours a week work. Must have 30 hours of additional class and

post a 15000


dollar assurity bond that costs 50 dollars and is good for up to 5 years. Can do it

over 2 years.

, MA Real Estate Exam General Questions;
Questions and Answer 100% Solved
Land ✔✔the earths surface extending downward to the center of earth and

upward to infinity,


including permanent objects such as trees and water.


Real Estate ✔✔Land at, above, and below the earth's surface, plus things

permanently attached

to it whether artificial or natural.


Real Property ✔✔the interests, benefits, and rights that are automatically

included in the


ownership of land and real estate.


Bundle of legal rights ✔✔posession, control, quiet enjoyment, exclusion,

disposition.


Title ✔✔the right to ownership of land by the persons bundle of legal rights and

evidence of that


ownership by the deed. title refers to ownership of real property deed refers to

the document

, MA Real Estate Exam General Questions;
Questions and Answer 100% Solved
through which title is transferred.


appurtenence ✔✔a right or privledge attached to a property such as a parking

space, usually


conveys to the new owner


Personal Property ✔✔Sometimes referred to as personalty, all property that can

be owned.


chattel ✔✔financing on personal property


emblements ✔✔corn, apple tree, crops, also known as fructus industriales.


severance ✔✔when an item of real property becomes personal property. For

example if you cut a


branch off of a tree and make a 2x4.


annexation ✔✔converting personal property into real property


fixture ✔✔personal property that has been affixed to land or a building to

become real property

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