Ma Real Estate Exam Study Guide Already Graded A

The illegal and discriminatory practice of _____________ occurs when one person induces another to enter into a real estate transaction by insinuating that the real property values in neighborhood will decline as a result of a member of a protected class buying property in that neighborhood. a) blockbusting b) redlining c) boycotting d) neighborhood canvassing {Ans: a) blockbusting}Percentage Lease {Ans: A lease, commonly used for commercial property, whose rental is based on the tenant's gross sales at the premises; it usually stipulates a base monthly rental plus a percentage of any gross sales above a certain amount.}Purchase Money Mortgage {Ans: A mortgage given by the seller to the buyer to cover all or part of the sale price. Seller financing.}Selma lists her property with XYZ Realty, ABC Realty, and MNO Realty. In each listing agreement, Selma has agreed to pay a commission to the listing firm only if that firm finds a ready, willing and able buyer and a sale is consummated. This type of listing is _____________. a) an exclusive agency listing b) an open listing c) an exclusive right-to-sell listing d) an MLS listing {Ans: b) an open listing}A licensee is listing a property