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1. The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present
A) the highest cash offer to the seller.
B) all offers to the seller.
C) only cash offers to the seller.
D) the highest offer to the seller.
2. The Massachusetts Sanitary Code requires landlords to
A) Inspect the property every six months.
B) Maintain their properties in a safe and habitable condition.
C) Notify a tenant 24 hours prior to entering a property.
D) Provide a statement of condition within 30 days of the lease.
3. A broker received a birthday check from a client. The broker decided to put it in the escrow account because it was from a client. This is
A) commingling.
B) acceptable if the client has had a transaction within the last 18 months.
C) acceptable if the check was written on the client's business account.
D) conversion.
4. Real estate taxes that are paid in advance are prorated on the closing statement as
A) a debit to buyer; a credit to seller.
B) a credit to buyer; a debit to seller.
C) no entry to buyer; a debit to seller.
D) no entry to buyer; a credit to seller.
5. The city wishes to purchase a parcel of property to be used as a cloverleaf for access to the nearby interstate.
The landowner refuses to sell. To acquire title to the property, the city will initiate a process of
A) accession.
B) negotiation.
C) condemnation.
D) escheat.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: C |
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