Massachusetts Real Estate License Practice Test

What does Chapter 93A address in Massachusetts?

1. Consumer protection against unfair trade practices

2. Tax regulations for homeowners

3. Discrimination in real estate transactions

4. Interest rates for mortgages

The correct answer is: Consumer protection against unfair trade practices

Chapter 93A of Massachusetts General Laws specifically focuses on consumer protection, providing guidelines against unfair and deceptive trade practices. It is designed to protect consumers in their interactions with businesses by prohibiting various unfair acts and practices. The law allows consumers to seek remedies for violations, including the possibility of recovering damages and attorney's fees, making it an important statute in promoting fair commercial practices. It applies broadly to various industries and transactions, ensuring that consumers have a safeguard against dishonest behavior. In contrast, the other options relate to different legislative or regulatory issues. Tax regulations would involve financial matters but do not fall under consumer protection laws. Discrimination in real estate transactions is primarily addressed by other specific laws aimed at ensuring fair housing. Interest rates for mortgages pertain to financial regulations and lending practices, but they do not directly connect to the consumer protection focus of Chapter 93A. Thus, the choice centered on consumer protection against unfair trade practices accurately captures the core purpose of Chapter 93A.