Real Estate exan Exam|2025-
2026|introduction to command
system|questions and verified
answers|A material
Which of the following is true of "condominiums"?
A. It is an ownership where owners own their unit solely but share ownership with the
common areas, and buildings
B. It applies to ownership, not to construction or development
C. It is a type of ownership where all of the owners own each other's interior units
D. Both A and C - CORRECT ANSWER -- A. It is an ownership where owners own
their unit solely but share ownership with the common areas, and buildings
A homeowner's association does which the following?
A. It manages the common areas of a condominium project or planned unit
development
B. It owns title to the common elements in a condominium development
C. It doesn't own title to the common elements in a planned unit development
D. All of the above - CORRECT ANSWER -- A. It manages the common areas of a
condominium project or planned unit development
Which of the following is true of "common areas"?
A. They include swimming pools, tennis courts, and other recreational facilities
B. They are portions of a building, land, and amenities owned or managed by a
planned unit development or condominium project's homeowners' association
C. They have shared expenses by the property owners for the operation and
maintenance
D. All of the above - CORRECT ANSWER -- D. All of the above
A fund set aside for replacement of common property in a condominium, PUD, or
cooperative project, particularly that which has a short life expectancy, such as
carpet or furniture is called: - CORRECT ANSWER -- Replacement reserve fund
A type of multiple ownership where the residents of a multi-unit housing complex
own shares in the cooperative corporation that owns the property and gives each
resident the right to occupy a specific apartment or unit is called: - CORRECT
ANSWER -- Cooperative
You put in a new driveway to your property, but in the process, the paving goes
across your property line onto your neighbor's property a few inches. This is called
an: - CORRECT ANSWER -- Encroachment
, If you convey an interest in real property to a relative, that person is known as the: -
CORRECT ANSWER -- Grantee
You and your sister are joint tenants in a home your mother left you. Your sister has
three children in her will and you have one. If she dies first, who does the property go
to? - CORRECT ANSWER -- It goes entirely to you
Which of the following falls under the term "personal property"?
A. Sofa
B. Garage attached to a house
C. The front porch of a home
D. The windows in a home - CORRECT ANSWER -- A. Sofa
Many states determine the order of water rights according to which users of the
water hold a recorded beneficial use permit. This allocation of water rights in
Massachusetts is determined by: - CORRECT ANSWER -- The doctrine of prior
appropriation
Evan lives in an apartment building. The land and structures are owned by a
corporation, with one mortgage loan covering the entire property. Like the other
residents, Evan owns stock in the corporation and has a lease on his apartment.
This type of ownership is called a(n): - CORRECT ANSWER -- Cooperative
If a commercial tenant has a lease. The lease will end soon and the tenant is moving
to a new location. During the tenancy the tenant installed bookcases. Can the tenant
remove the bookcases? - CORRECT ANSWER -- Yes, as long as the tenant pays
for or repairs the damages
If a prospective buyer is purchasing a house, can a seller take the shrubs with him? -
CORRECT ANSWER -- No, the shrubs are permanently rooted
If a person wants to build a dock on a lake, what agency should they get permission?
- CORRECT ANSWER -- The Massachusetts Department of Environmental
Protection Agency
When a company furnishes materials for the construction of a house and is
subsequently not paid, it may file a(n): - CORRECT ANSWER -- Labor Lien
A person with a life estate can: - CORRECT ANSWER -- Live on the property for
their lifetime
Who would a resident appear before to complain about Snob zoning? - CORRECT
ANSWER -- Zoning Board
Which is NOT an involuntary transfer?
A. Dedication for public use
B. Escheat
C. Eminent domain
D. Foreclosure - CORRECT ANSWER -- A. Dedication for public use
2026|introduction to command
system|questions and verified
answers|A material
Which of the following is true of "condominiums"?
A. It is an ownership where owners own their unit solely but share ownership with the
common areas, and buildings
B. It applies to ownership, not to construction or development
C. It is a type of ownership where all of the owners own each other's interior units
D. Both A and C - CORRECT ANSWER -- A. It is an ownership where owners own
their unit solely but share ownership with the common areas, and buildings
A homeowner's association does which the following?
A. It manages the common areas of a condominium project or planned unit
development
B. It owns title to the common elements in a condominium development
C. It doesn't own title to the common elements in a planned unit development
D. All of the above - CORRECT ANSWER -- A. It manages the common areas of a
condominium project or planned unit development
Which of the following is true of "common areas"?
A. They include swimming pools, tennis courts, and other recreational facilities
B. They are portions of a building, land, and amenities owned or managed by a
planned unit development or condominium project's homeowners' association
C. They have shared expenses by the property owners for the operation and
maintenance
D. All of the above - CORRECT ANSWER -- D. All of the above
A fund set aside for replacement of common property in a condominium, PUD, or
cooperative project, particularly that which has a short life expectancy, such as
carpet or furniture is called: - CORRECT ANSWER -- Replacement reserve fund
A type of multiple ownership where the residents of a multi-unit housing complex
own shares in the cooperative corporation that owns the property and gives each
resident the right to occupy a specific apartment or unit is called: - CORRECT
ANSWER -- Cooperative
You put in a new driveway to your property, but in the process, the paving goes
across your property line onto your neighbor's property a few inches. This is called
an: - CORRECT ANSWER -- Encroachment
, If you convey an interest in real property to a relative, that person is known as the: -
CORRECT ANSWER -- Grantee
You and your sister are joint tenants in a home your mother left you. Your sister has
three children in her will and you have one. If she dies first, who does the property go
to? - CORRECT ANSWER -- It goes entirely to you
Which of the following falls under the term "personal property"?
A. Sofa
B. Garage attached to a house
C. The front porch of a home
D. The windows in a home - CORRECT ANSWER -- A. Sofa
Many states determine the order of water rights according to which users of the
water hold a recorded beneficial use permit. This allocation of water rights in
Massachusetts is determined by: - CORRECT ANSWER -- The doctrine of prior
appropriation
Evan lives in an apartment building. The land and structures are owned by a
corporation, with one mortgage loan covering the entire property. Like the other
residents, Evan owns stock in the corporation and has a lease on his apartment.
This type of ownership is called a(n): - CORRECT ANSWER -- Cooperative
If a commercial tenant has a lease. The lease will end soon and the tenant is moving
to a new location. During the tenancy the tenant installed bookcases. Can the tenant
remove the bookcases? - CORRECT ANSWER -- Yes, as long as the tenant pays
for or repairs the damages
If a prospective buyer is purchasing a house, can a seller take the shrubs with him? -
CORRECT ANSWER -- No, the shrubs are permanently rooted
If a person wants to build a dock on a lake, what agency should they get permission?
- CORRECT ANSWER -- The Massachusetts Department of Environmental
Protection Agency
When a company furnishes materials for the construction of a house and is
subsequently not paid, it may file a(n): - CORRECT ANSWER -- Labor Lien
A person with a life estate can: - CORRECT ANSWER -- Live on the property for
their lifetime
Who would a resident appear before to complain about Snob zoning? - CORRECT
ANSWER -- Zoning Board
Which is NOT an involuntary transfer?
A. Dedication for public use
B. Escheat
C. Eminent domain
D. Foreclosure - CORRECT ANSWER -- A. Dedication for public use
