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| Section | Objectives |
|---|---|
| Topic 1: Massachusetts State-Specific Real Estate Law | - State Licensing Laws
|
| Topic 2: National Real Estate Principles & Practices | - Land Use Controls & Regulations
|
1. A prospective tenant wishes to rent an apartment and is told by the owner that the owner does not want to rent to anyone with children because of the lead paint. The prospective tenant, who has children ages four, six, and nine years old, is not concerned about lead paint and wants to rent the apartment for six months. The owner agrees to lease them the unit. Concerning the lead paint, the owner must
A) Wait to de-lead until the owner has sufficient funds.
B) Not de-lead because this is only a six-month lease.
C) De-lead or make lead-safe whether the tenant requires it or not.
D) Write into the lease that the tenant has agreed that de-leading is not necessary.
2. What kind of lease would require the lessee to pay the taxes, insurance, repairs, and other operating expenses of the premises in addition to the regular rental payment?
A) percentage lease
B) gross lease
C) net lease
D) graduated lease
3. A property manager has successfully negotiated the lease of a home built in 1965 to tenants who have no children. Regarding disclosure of lead-based paint, the property manager should
A) have the tenants sign the disclosure form and provide them with the required booklet.
B) have all the lead-based paint covered or removed by licensed mitigators.
C) do nothing, as regulations only apply when children are present.
D) give the tenants 10 days to test the home and provide them with the required booklet.
4. Before it was recognized as a health hazard, asbestos was commonly used as insulation in residential and commercial construction because it is
A) fire resistant.
B) repellent to common pests.
C) an air purifier.
D) water resistant.
5. An owner has a freestanding cabinet that was custom-built to fit an alcove of the living room. When the owner sells the home, the cabinet will be best described as
A) an appurtenance.
B) real property.
C) a fixture.
D) personal property.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |
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