Maria owns a two-family home in Worcester, Massachusetts, and lives in one of the two units. She decides to rent the vacant unit herself without using a real estate agent or advertising publicly. Under MGL Chapter 151B, which statement best describes her situation?
Correct Answer
D) She may qualify for the owner-occupant exemption because she occupies the building and it has two units
MGL Chapter 151B provides a limited exemption for owner-occupants of buildings with two units or fewer (the 'Mrs. Murphy' exemption). Because Maria lives in the building and it contains only two units, and she is not using a real estate broker or discriminatory advertising, she may qualify for this narrow exemption from the statute's coverage.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
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