Under Massachusetts General Laws Chapter 188, which of the following is NOT a requirement or characteristic of a valid declared homestead?
Correct Answer
D) The homeowner must be at least 62 years of age to claim the full $500,000 protection
There is no age requirement under MGL Chapter 188 for claiming the full $500,000 declared homestead protection. Any homeowner who occupies the property as a primary residence and records a notarized Declaration of Homestead at the Registry of Deeds is entitled to the full $500,000 protection regardless of age.
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Related Topics & Key Terms
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Related Concepts
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More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
- → A responsible broker in Wyoming asks about a first-time salesperson applicant prepares for Wyoming-specific licensing. Which answer follows Wyoming law?
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- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
- → Which Wyoming rule applies when a licensee does not timely submit the complete renewal application, proof of CE, and renewal fees?
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- → A Wyoming licensee is reviewing a first-time salesperson applicant asks which prelicense courses are required. What is the best answer?
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