MA Real Estate

MA Real Estate Pre-license Study Guide Rated A+ Acceleration Clause The clause in a mortgage that can be enforced to make the entire debt due if the mortgage defaults on any covenant in the mortgage Accession Acquiring land from deposit of soil washed up from a river, lake or ocean Ad Valorem Tax A tax levied "according to value". Refers to real estate taxes in relation to value assessed on the property for tax purposes Alienation The transferring of property to another. Allodial syste...

MA Real Estate Practice Exam Questions with Complete Solutions Blockbusting causes: A Trust busting B Panic peddling C Blind advertising D Redlining B. Panic Peddling Blockbusting causes panic peddling (also known as panic selling), where homeowners quickly sell their homes for fear of a drop in home values due to the entry of a protected class into their neighborhood. Which of the following advertisements would violate fair housing law? A Private outdoor space B No elevator access ...

MA Real Estate Exam Study Guide (2022/2023) Rated A+ Appraisal An estimation of a property's value, usually prepared by a professional who is licensed in this field. Brokerage The business of bringing people together in a real estate transaction. Commerical The types of properties that include office spaces, shopping centers, stores, theaters, hotels, parking facilities, etc. Development The term for the construction of improvements upon the land. Elevation Certificate Insurance agents ...

MA Real Estate Exam General Questions with Verified Solutions Broker acts as a point of contact between two or more people in negotiating the sale, purchase, or rental of property Slesperson Conducts brokerage activities on behalf of the broker. The broker is responsible for the salesperson's acts. property management a person or company hired to maintain and manage property on behalf of its owner home inspection A profession that allows practicioners to combine their interest in real e...