MRES - Massachusetts Real Estate Salesperson Exam

Question 21: A buyer worries that an old underground home heating oil tank may have leaked. Which Massachusetts law primarily governs cleanup responsibility for releases of oil and hazardous material?

The oil and hazardous material release law

The State Sanitary Code

The Wetlands Protection Act

The Subdivision Control Law

Question 22: Before buying commercial land, a purchaser commissions a standard investigation of the property's environmental history to support an innocent landowner defense. What is this investigation commonly called?

A comparative market analysis

A Title 5 inspection

A municipal lien certificate

A Phase One environmental site assessment

Question 23: A buyer is concerned about a naturally occurring radioactive gas that can seep into basements and is detectable only by testing. Which environmental hazard is this?

Asbestos

Lead paint

Radon

Formaldehyde

Question 24: An older building contains insulation that becomes hazardous mainly when it is crumbling and its fibers can be released into the air. Which material poses this risk when it is friable?

Radon

Asbestos

Lead paint

Mold

Question 25: A person wants to manage rental properties for various owners and collect fees for leasing the units to tenants. Under Massachusetts law, what does performing this leasing work for others generally require?

A real estate license

A home inspector license

An appraiser certification

No license of any kind

Question 26: An owner hires a property manager to handle leasing, rent collection, and maintenance over time, and the manager owes the owner loyalty and care. In this relationship, the manager acts as which kind of agent?

A special agent

A facilitator

A subagent

A general agent

Question 27: An owner and a property manager sign a contract setting out the manager's authority, duties, compensation, and the term of the engagement. What is this contract called?

A listing agreement

A purchase and sale agreement

A property management agreement

A proprietary lease

Question 28: A property manager screens rental applicants for an owner. When evaluating applicants, what must the manager do to comply with fair housing law?

Apply consistent standards to all applicants

Favor applicants without children

Steer applicants by neighborhood background

Reject voucher holders automatically

Question 29: A property manager collects rents and tenant deposits belonging to the owner and tenants. How must the manager generally handle these funds belonging to others?

Mix them with the manager's own money

Keep them as the manager's fee

Spend them on personal expenses

Hold them separate in a trust account

Question 30: A Massachusetts landlord wants to collect a security deposit from a new tenant. What is the maximum security deposit the landlord may lawfully require?

Two months' rent

One month's rent

Three months' rent

Six weeks' rent

Question 31: After collecting a security deposit, a Massachusetts landlord must handle the money in a particular way. How must the landlord hold the tenant's security deposit?

In the landlord's personal account

As part of the landlord's operating funds

In a separate interest-bearing Massachusetts bank account

In cash kept at the property

Question 32: When a Massachusetts landlord takes a security deposit, the landlord must give the tenant a written record of the apartment's condition at the start of the tenancy. What is this document called?

A statement of condition

A municipal lien certificate

A notice to quit

A certificate of occupancy

Question 33: A Massachusetts landlord fails to return a tenant's security deposit with interest within the required time after the tenancy ends. What penalty may the landlord face for this violation?

A warning with no penalty

Forfeiture of one month's rent only

A small fixed fine

Triple the deposit plus costs and fees

Question 34: After a tenancy ends and the tenant moves out, the Massachusetts landlord must return any security deposit owed, with interest. Within what time must the landlord generally return it?

Within ten days

Within ninety days

Within thirty days

Whenever the landlord chooses

Question 35: Besides the first month's rent, a security deposit, and a lock-and-key charge, which additional payment may a Massachusetts landlord lawfully collect from a tenant at move-in?

A nonrefundable pet fee

The last month's rent

An application processing fee

A credit-check fee

Question 36: The Massachusetts State Sanitary Code sets minimum standards for rental housing. During the heating season, what does the code require an owner to provide?

Adequate heat to a minimum temperature

Central air conditioning

Free cable television

A washer and dryer in each unit

Question 37: Every residential lease in Massachusetts carries a promise that the unit will be fit to live in and kept in habitable condition, and this promise cannot be waived. What is this protection called?

The covenant of seisin

The doctrine of emblements

A liquidated damages clause

The implied warranty of habitability

Question 38: A Massachusetts tenant at will pays rent monthly with no written lease. The landlord wants to end the tenancy without cause. What notice is generally required to terminate it?

A fourteen-day notice

A three-day notice

Longer of thirty days or one period

No notice at all

Question 39: A Massachusetts tenant falls behind on rent, and the landlord wishes to begin ending the tenancy for nonpayment. What notice to quit is generally required for nonpayment of rent?

A fourteen-day notice to quit

A seven-day notice to quit

A ninety-day notice to quit

No notice is required

Question 40: A frustrated Massachusetts landlord wants to remove a tenant by changing the locks and shutting off the utilities rather than going to court. What does the law say about this approach?

Allowed after a notice to quit

It is prohibited self-help eviction

It is allowed if rent is unpaid

It is allowed for tenants at will

MRES Massachusetts Real Estate Salesperson Exam - Set 4 - Part 2