Failed test questions Flashcards

1
Q

The cost to replace a failed septic system

A

$50,000 in some cases

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2
Q

Title V governs what

A

Massachusetts septic systems, also called subsurface sewage disposal systems,

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3
Q

Title V Inspection is good for

A

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.

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4
Q

What is a conditional pass?

A

means that your system will pass if a certain condition is met.

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5
Q

My septic system failed

A

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.

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6
Q

Brokers must keep copies of records for

A

3 years

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7
Q

Fair Housing poster is to be hung in

A

both residential and commercial real estate offices

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8
Q

The commonwealth of Massachusetts guarantees title to registered land, so if a problem occurs, the state does what

A

reimburses the property owner for any losses

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9
Q

With registered land A certificate of title is issued as a decree in which the Land Court declares what

A

the Land Court declares that a particular person is the owner of property

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10
Q

the system of recorded land relies upon

A

title examiners, attorneys and title-insurance companies to give subsequent purchasers confidence in a property’s chain of title. An normal sale

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11
Q

Monument

A

A fixed natural or artificial object used to establish real estate boundaries for a metes-and-bounds description.

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12
Q

Quit Claim Deed

A

A conveyance by which the grantor transfers whatever interest he or she has in the real estate, without warranties or obligations.

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13
Q

Warranty Deed

A

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.

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14
Q

can you exercise adverse possession on land owned by the commonwealth (state)?

A

no you may not

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15
Q

Dealings with Recorded Land are based on the

A

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.

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16
Q

In Massachusetts, Recorded Land is the

A

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.

17
Q

Land that has gone through a Land Court Registration and Decree process is called

A

Registered Land

18
Q

the Land Court has exclusive jurisdiction over

A

Registered Land.

19
Q

Generally, Registered Land is land which, at some point in time, had been the subject of

A

an ownership or boundary dispute

20
Q

Registry personnel will not accept documents for registration unless they meet the

A

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.

21
Q

adverse possession can occur after how many years of continuous use?

A

20

22
Q

Can a broker sell a family member’s property without disclosing

A

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.