MA REAL ESTATE CLASS QUESTIONS FROM PRACTICE TEST 1 EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+

MA REAL ESTATE CLASS QUESTIONS FROM PRACTICE TEST 1 EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ Q2 Which of the following is a legal, but not an ownership, interest ?A) A leasehold B) An encroachment C) An easement d) Subterranean rights - -A. A leasehold, The other interests represent either an ownership interest or a potential ownership interest. Which of the following could be an encumbrance? - -D) An Easement, Mortgage are encumbrances. and a specific assessment could lead ot unpaid property taxes crating a tax lien. q10 The agency between apartment owner and property manager is, Special, universal, general, transient ? - -A Special - The law of agency governs property management. q13 Court order to fulfill contract is: - -Specific performance , orders a defaulting party to perform as promised. Q15 "Time is of the essence" means: - -Punctual Performance: The parties to the contract agree to complete transaction no latter than the date stated in the agreem