BUNDLE OF PSI Real Estate EXAMS with Questions and Correct Answers Verified Solutions

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

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...

Acknowledgment When a person who has signed a document formally declares to an authorized official (usually a notary public) that he or she signed voluntarily. The official certifies that the signature is voluntary and genuine.

When a borrower defaults on a mortgage, an acceleration clause allows the lender the option of - Answer Demanding immediate payment of the entire loan balance. A property has a fair market value of $95,000 and is assessed at 50% of value. The tax rate is $55.00 per $1,000 of assessed value. What ...

which of the following statements about contracts are true? - Answer contracts are required to have consideration unliteral - Answer a promise exchange for performance is known as John enters into a contract with George and discovers that George has committed fraud in his claim in the contract. ...

What is it called when a lender initiates a court process that will result in the public sale of real property. - Answer Foreclosure What is the legal term for a buyer? - Answer Vendee What is the name of the party being represented in an agency relation ship? - Answer Principal