Business Peactices

Question 0

Federal fair housing act of 1968

Answer 0

The federal fair housing act of 1968 prohibits discrimination in residential real estate based on race color religion sex or national origin

Question 1

Do not call Registry

Answer 1

The do not call registry is the legislation that requires permission to make telephone solicitations

Question 2

Price-fixing

Answer 2

Price-fixing is illegal

Question 3

Nonresident of Massachusetts must do which of the following to obtain Massachusetts real estate license

Answer 3

Nonresident do not have to move into the state Norbie sponsored by Massachusetts Broker but they must meet the same examination requirements

Question 4

Zoning laws

Answer 4

A real estate agent must have a thorough knowledge of local bylaws in order to assist all parties with confidence

Question 5

HIV status

Answer 5

In Massachusetts, it is illegal for agent to address questions on HIV status of any formal or current occupant of the residence

Question 6

When one Terminates association in order to become associated with another realty

Answer 6

You must notify the board of your new obligation,
Old association must notify the board.
New association must notify the board

Question 7

Civil Rights Act of 1866

Answer 7

Civil right act was passed in 1866 to give every citizen United States without regard to color ,the right to inherit purchase the sell hold and convey real and personal property

Question 8

Instructors

Answer 8

Instructors must be authorized by the board and hold a current brokers license

Question 9

Restrictive listing

Answer 9

In Massachusetts, a restrictive listing may be taken by a real estate agent. Example a listing in which a owner instruction agent not to sell to a woman would be classified as a restrictive listing

Question 10

UST

Answer 10

Stands for underground storage tanks, which are primarily used for storing heating oil for a house. Full disclosure is required by a listing agent

Question 11

Feng Shui

Answer 11

Massachusetts real estate agents have recognized that international customs and traditions of influencing international buyers. Feng Shuiis the Chinese art of placement of items in a house

Question 12

Inspection of lead paint

Answer 12

10 days of the offer of acceptance at the buyers expense

Question 13

93 A

Answer 13

Consumer protection act chapter 93A regulates disclosure on behalf of a real estate agent to either party and regulates the practice of fair trade.