Failed test questions Flashcards
The cost to replace a failed septic system
$50,000 in some cases
Title V governs what
Massachusetts septic systems, also called subsurface sewage disposal systems,
Title V Inspection is good for
2 years, However, the inspection will be valid for 3 years if you have documented septic pumping service each year on or before the anniversary date of your septic system inspection.
What is a conditional pass?
means that your system will pass if a certain condition is met.
My septic system failed
homeowner may have up to two years to complete the repair. However, if the Health Agent deems the failure to be a health hazard, the homeowner can be required to begin the process of repairing it immediately.
Brokers must keep copies of records for
3 years
Fair Housing poster is to be hung in
both residential and commercial real estate offices
The commonwealth of Massachusetts guarantees title to registered land, so if a problem occurs, the state does what
reimburses the property owner for any losses
With registered land A certificate of title is issued as a decree in which the Land Court declares what
the Land Court declares that a particular person is the owner of property
the system of recorded land relies upon
title examiners, attorneys and title-insurance companies to give subsequent purchasers confidence in a property’s chain of title. An normal sale
Monument
A fixed natural or artificial object used to establish real estate boundaries for a metes-and-bounds description.
Quit Claim Deed
A conveyance by which the grantor transfers whatever interest he or she has in the real estate, without warranties or obligations.
Warranty Deed
A deed in which the grantor fully warrants good clear title to the property. Used in most real estate deed transfers, a warranty deed offers the greatest protection of any deed.
can you exercise adverse possession on land owned by the commonwealth (state)?
no you may not
Dealings with Recorded Land are based on the
buyer beware concept.
A title search conducted by a qualified attorney or title examiner will determine the status of a Recorded Land title or property.