Contracts
A Massachusetts homebuyer's P&S specifies that appliances 'in good working order' are included in the sale. After closing, the buyer discovers the dishwasher doesn't work. The buyer's remedy is:
ANo remedy—once closed, the sale is final
BA breach of contract claim against the seller for the dishwasher's non-conformance with the P&S✓ Correct
COnly an insurance claim
DA claim against the real estate agent
Explanation
If the P&S specifically warranted that appliances would be 'in good working order' at closing and the dishwasher was not, the buyer has a contractual claim against the seller for breach of that warranty.
People Also Study
Related Massachusetts Questions
- A Massachusetts property sold in 1995 has a $15,000 judgment lien against the seller recorded in 1993. The buyer discovers this at closing. The lien:Escrow & Title
- In Massachusetts, a 'liquidated damages' clause in a Purchase and Sale Agreement typically specifies that if the buyer defaults, the seller's remedy is:Contracts
- A Massachusetts closing attorney discovers that the seller's existing mortgage payoff amount exceeds the sale price. The parties are facing a:Escrow & Title
- A Massachusetts closing attorney discovers a mechanic's lien filed against a property after the P&S was signed but before closing. The attorney's most likely advice to the buyer is:Escrow & Title
- A Massachusetts seller and buyer enter a P&S with a closing date of June 15. The seller fails to close by that date. What remedy is available to the buyer?Contracts
- A Massachusetts seller's closing costs include a deed excise tax on a $900,000 sale, plus a 5% commission and $2,500 in attorney's fees. What are the seller's total closing costs?Real Estate Math
- A Massachusetts property is listed at $475,000. After a 6% price reduction, the buyer also negotiates an additional $5,000 credit at closing. What is the net effective sale price?Real Estate Math
- In Massachusetts, a landlord's refusal to accept a prospective tenant who holds a lawful restraining order against a prior tenant may constitute discrimination based on:Fair Housing
Key Terms to Know
Contingency
A condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Math Concepts
Study This Topic
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →