MA Re Salesperson : General Portion

10 Questions

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Real Property Quizzes & Trivia

This exam is practice for the MA Real Estate Salesperson General Exam.


Questions and Answers
  • 1. 
    The phrase "bundle of legal rights" is properly included in
    • A. 

      The definition of real property.

    • B. 

      A legal description.

    • C. 

      Real estate transactions.

    • D. 

      Leases for less than one year.

  • 2. 
    According to law, a trade fixture is usually treated as
    • A. 

      A fixture.

    • B. 

      An easement.

    • C. 

      Personalty.

    • D. 

      A license.

  • 3. 
    An appraisal approach that determines value by adding the value of the land to the depreciated replacement value of the improvement is the
    • A. 

      Income approach

    • B. 

      Market data approach

    • C. 

      Gross income multiplier approach

    • D. 

      Cost approach

  • 4. 
    Real property can become personal property by
    • A. 

      Severance.

    • B. 

      Purchase.

    • C. 

      Hypothecation.

    • D. 

      Attachment.

  • 5. 
    An appraiser who is estimating the value of an owner-occupied, single-family house will use which of the following approaches? 
    • A. 

      Reproduction cost and capitalization

    • B. 

      Land residual and reproduction cost

    • C. 

      Capitalization and market value

    • D. 

      Replacement cost and market data

  • 6. 
    An appraiser’s compensation is based PRIMARILY on the:
    • A. 

      Amount of time and work put into the appraisal report

    • B. 

      Fee established after property is appraised

    • C. 

      Percentage of value estimated

    • D. 

      Selling price of property

  • 7. 
    An estate created when a tenant holds over at the end of a lease term without the landlord’s permission is called
    • A. 

      An estate at sufferance

    • B. 

      An estate for years

    • C. 

      A periodic estate

    • D. 

      A tenancy at will

  • 8. 
    All of the following are treated as personal property EXCEPT
    • A. 

      Chattels

    • B. 

      Trade fixtures

    • C. 

      Emblements

    • D. 

      Fructus naturales

  • 9. 
    Rights or privileges which are connected with real property, are
    • A. 

      Improvements

    • B. 

      Appurtenances

    • C. 

      Not conveyed with the real estate

    • D. 

      Restricted to air and water rights

  • 10. 
    The rights of ownership of real property include all of the following EXCEPT the right of
    • A. 

      Disposition.

    • B. 

      Exclusion.

    • C. 

      Control.

    • D. 

      Compatibility.