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1. A tenant in a building that is being converted to condominiums is required to receive an opportunity to purchase the unit the tenant occupies at terms
A) 15% less than that offered to the general public.
B) At a monthly payment equal to the tenant's current monthly rent.
C) 20% less than that offered to the general public.
D) Equal to or better than that offered to the general public.
2. Which of the following are potential remedies for violating Massachusetts General Laws Chapter 93A?
A) Fine of not more than $11,000
B) Imprisonment
C) 1 year probation
D) Double or triple damages, attorney's fees and court costs
3. Which of the following best completes the following metes and bounds description? "Beginning at the intersection of Bunker Hill Road and Munson Avenue, thence 150 feet south; thence 85 feet west; thence 150 feet north; thence"
A) 150 feet south to the Point of Beginning.
B) 85 feet east to the Point of Beginning.
C) 150 feet west to the Point of Beginning.
D) 85 feet west to the Point of Beginning.
4. When real estate brokers and salespersons engage in renting residential dwelling units, they must provide a prospective tenant with written notice of the
A) Presence of any sex offenders living in the neighborhood.
B) Amount of the rent.
C) Amount of fee, if any, that the prospective tenant will have to pay for the broker's services.
D) Name and address of the landlord.
5. 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
A) steering.
B) blockbusting.
C) redlining.
D) good marketing.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: B |
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