Massachusetts TEST Flashcards
1
Q
Who are the NINE people who do not need a real estate license?
A
- Licensed Auctioneer
- Trustee
- Public Officer or Employee of One
- Person acting as power of attorney
- Lawyer (Technkcally Real Estate Broker)
- Someone Acting Under a court order
- Bank or Credit Union (Forclosure)
- Business for themselves
- Real Estate Manager that is salaried ( Included in the Job Description)
2
Q
By the General Law, Part 1, Title XV, Chapter 106, Article 2, under Section 2-201 Formal Requirements:Statue of Frauds states..?
A
A contract for the sale of goods for the price of $500 dollars or more is not enforceable by way of action or defense unless there is some writing sufficent to indicate that a contract for sale has been made between the parties and signed by the party against whom enforcement is sought or by his authorized agent or broker
3
Q
In Massachusetts are there lawyers involved?
A
Yes.
- Bank Lawyer
- Seller Lawyer
- Buyer Lawyer
