Updated: Jun 07, 2026
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1. On which of the following must the landlord pay interest when collecting first month, last month, and security deposit?
A) Security deposit and last month
B) First month only
C) Only if they are deposited in an interest-bearing account
D) Last month only
2. A married couple owns property as tenants by the entirety. If they were to divorce, their ownership would be
A) Joint tenancy.
B) Tenancy in common.
C) Tenancy in severalty.
D) Tenancy by the entirety.
3. Which of the following statements about the leasing of apartments in Massachusetts is correct?
A) Tenancies at will are enforceable under the law.
B) Leases terminate when the property is sold.
C) Interest on security deposits begins after the first year of tenancy.
D) Death of the landlord terminates residential leases.
4. When lending standards are tightened, lenders typically require
A) a waiver of the Equal Credit Opportunity Act.
B) a balloon payment after 5 years.
C) a lower loan-to-value ratio.
D) a higher loan-to-value ratio.
5. Two top licensees in a small town have agreed not to show listings of a new real estate firm charging a low commission rate to sellers. This behavior is a violation of the
A) Blue-Sky laws.
B) Equal Credit Opportunity Act.
C) Sherman Antitrust Act.
D) federal fair housing laws.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: C |
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