PSI PACKAGE DEAL QUESTIONS AND ANSWERS

A homeowner has negotiated with a neighbor to obtain the permanent right to pass over the northern part of the neighbor's land to gain access to the river. He pays the neighbor $9,000 for the right of access and receives a deed. This is an easement - ️️appurtenant A tenant rented an apartmen...

Which of the following would NOT be considered Real Property? 1. Mineral Rights 2. A Leasehold Estate 3. Fixtures 4. Air - ️️2. A Leasehold Estate The servient estate in an easement appurtenant is the property 1. owned by the landlord 2. on which the easement is placed 3. owned by ...

what would prevent a seller from providing marketable title - ️️Mechanics lien the seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estate commission, increasing the sellers net proceeds - ️️This is illegeal accordin...

A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an a...

Real Property (realty) - ️️land along with improvements, things attached to it, and the benefits, rights, and interests included in its ownership. Real Estate - ️️synonymously used with real property; but includes real and personal property. Land - ️️earth's surface, subsurface to...

Under the misstatement of age or gender provision, what happens if it is determined at death that the insured's age or gender was misstated on a life insurance policy application? - ️️Benefits are adjusted to an amount that the premium would have purchased at the correct age or gender. Which...

Which of the following statements is the BEST example of puffing? - ️️B. This is the best buy you will find all year Major difference between freehold and non-freehold estates is that all non-freehold estates? - ️️D. Are estates for a fixed term A real estate licensee has a buyer agenc...

Which of the following statements is the BEST example of puffing? - ️️B. This is the best buy you will find all year Major difference between freehold and non-freehold estates is that all non-freehold estates? - ️️D. Are estates for a fixed term A real estate licensee has a buyer agenc...

A 14yo male with bronchitis is being treated with fluids and expectorants. He returns to the clinic with a fever of 103F, right pleuritic chest pain, and green sputum. Which of the following examination results would be expected? A. Right lower lobe crackles B. Decreased Fremitus C. Bilateral Wh...

Acceleration Clause - ️️A contract clause that gives the lender the right to declare the entire loan amount due immediately because of borrower's default, or other reasons as stated in the contract. Adjustable-Rate (ARM) Mortgage - ️️A mortgage that permits the lender to periodically adj...

Acceleration Clause - ️️A contract clause that gives the lender the right to declare the entire loan amount due immediately because of borrower's default, or other reasons as stated in the contract. Adjustable-Rate (ARM) Mortgage - ️️A mortgage that permits the lender to periodically adj...

All of the following would be considered real property EXCEPT - ️️a leasehold estate The servient estate in an easement appurtenant is the property - ️️on which the easement is placed Which of the following statements concerning encumbrances is NOT true - ️️All encumbrances are lie...

Federal Truth-in-Lending laws are also known as - ️️Regulation Z A salesperson qualified a minority couple with two children and defined their price range as between $110,000 and $120,000 for the three-bedroom house they wanted. They asked to look at two listings in a nonminority neighborhood...