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.
In Massachusetts, Recorded Land is the
most common form of land recording. When dealing with Recorded Land, there will be a reference to a book and page number in the document description or a reference to a Case File number.
Land that has gone through a Land Court Registration and Decree process is called
Registered Land
the Land Court has exclusive jurisdiction over
Registered Land.
Generally, Registered Land is land which, at some point in time, had been the subject of
an ownership or boundary dispute
Registry personnel will not accept documents for registration unless they meet the
strict requirements set forth by the Land Court. As with recorded land, it is generally necessary to have a qualified attorney or title examiner conduct a title search to determine the status of a Registered title/property.
adverse possession can occur after how many years of continuous use?
20
Can a broker sell a family member’s property without disclosing
broker or salesperson shall fully disclose in writing to all parties to the transaction the nature of his/her interest and unless the parties shall provide the broker or salesperson with written acknowledgment of such disclosure.
