NO.155 Which of the following is among the typical responsibilities of a residential property manager?

NO.156 A buyer and seller agreed upon a selling price for a property and both signed a written agreement. As part of the contract, the buyer reserved the right to cancel the sale if the buyer’s house, which was on the market, did not sell within 30 days. This contract is

NO.157 Two licensees work for the same Massachusetts brokerage. One represents the seller and another separately represents the buyer, and each is charged with advocating exclusively for that client ‘ s interests with the legally required consent. What brokerage model is being used?

NO.158 During month nine of a twelve-month lease that includes an option to purchase, how should the lease itself be classified?

NO.159 Which of the following is true of a quitclaim deed?

NO.160 Under current Massachusetts probate law, where is the initial estate proceeding generally filed?

NO.161 Strong winds deposit a significant quantity of sand on a parcel, forming new dunes. What is the wind- deposited material called?

NO.162 A brokerage wants to make unsolicited sales calls to homeowners. Which federal system must the brokerage consider before conducting covered telemarketing calls?

NO.163 An escrow or trust account is often held by a lender to pay

NO.164 Multi-ethnic families were beginning to move into a neighborhood that had previously been all one ethnicity.
A local broker passed out flyers to homeowners that said, “Sell now before it’s too late! We have beautiful new homes with attractive financing and good schools.” These flyers would likely be viewed by the courts as

NO.165 An offer of $569,000 is verbally accepted by a seller. Two hours later an offer of $589,000 is presented to the seller, which the seller accepts in writing. Based on the above situation the first buyer is

NO.166 If a seller defaults in performance of a contract, any of the following actions would be likely to help the buyer recover any losses EXCEPT

NO.167 For a standard qualifying FHA purchase mortgage, what is the current minimum required investment that can permit a down payment as low as:

NO.168 Erica purchases a property for $330,000 and later sells it for $425,000. Ignoring transaction expenses, what is her percentage profit based on the original purchase price?

NO.169 Phillip has a written agreement appointing his brokerage as the buyer ‘ s agent, but the seller ultimately pays the brokerage ‘ s compensation at closing. Whom does the brokerage represent?

NO.170 Which instrument pledges real property as security for repayment of a debt while allowing the borrower to retain possession?

NO.171 The heir to a large estate will be of legal age within 30 days. The heir lists for sale with a broker one of the properties held by the estate. The broker knows of a buyer for the property and sells it within 24 hours of listing, with closing to be in 45 days. Both listing and sale contracts are

NO.172 A broker has been engaged to locate a property for a buyer. The broker has determined that a suitable property for the buyer is for sale and is owned by the broker ‘ s cousin. The broker has not informed the buyer of the broker ‘ s relationship with the owner. If the buyer purchases the property under these circumstances, the broker is

NO.173 When must a Massachusetts real estate licensee ordinarily provide the Mandatory Licensee-Consumer Relationship Disclosure to a prospective buyer or seller?

NO.174 If owners ask a broker not to show a property to recipients of government assistance, the broker must