Property Ownership
A Massachusetts property owner creates a 'declaration of trust' for their real estate. Under a nominee trust:
AThe trustee has broad independent authority to manage the trust
BThe trustee holds legal title but acts only on instruction of the beneficiaries, who retain control✓ Correct
CThe beneficiaries have no rights to the property
DThe trust automatically terminates after 20 years
Explanation
A Massachusetts nominee trust (commonly used for privacy) holds legal title in the trustee's name, but the trustee acts only on the directions of the beneficiaries (who retain the right to control the property). The beneficiaries remain anonymous in public records.
Related Massachusetts Property Ownership Questions
- A Massachusetts property owner grants a neighbor a license to park in their driveway. This license is revocable because:
- In Massachusetts, the deed to registered land must be presented to the:
- A fixture is personal property that has become real property because it has been:
- Under Massachusetts law, a deed conveying property to 'A and B' with no other language creates:
- Riparian rights in Massachusetts give a property owner:
- A Massachusetts court ordered a property sold to satisfy a judgment. The sale is conducted by the sheriff. Title is conveyed by:
- When a property owner in Massachusetts fails to pay property taxes, the city or town may place a 'tax taking' on the property. This means:
- To perfect a Massachusetts homestead declaration, a homeowner must:
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →