south carolina psi exam prep 2024

south carolina psi exam prep 2024 Amira's seller Tom just received the news that his buyers are walking away from the sale. They weren't willing to proceed after they saw the inspection report. Neither Amira nor Tom has requested a copy of the report. What's the most likely reason for that? 1. Amira doesn't trust this particular inspection company. 2. If they see the report, they'll be required to disclose any adverse findings. 3. They are unwilling to pay for the report as the buyer requires. 4. Tom wants to pay for his own inspector so that he can question the inspector. - Answer ️️ -If they see the report, they'll be required to disclose any adverse findings. NOTE: Some licensees (and sellers) may opt NOT to see the inspection report so that they don't learn about any adverse material facts which then must be disclosed. They may also be concerned about the accuracy of the report. Which of the following is true about air rights? 1. They are the right to use the open space above buildings. 2. They are the right to use the space directly below buildings. 3. They cannot be bought or sold. 4. They include mineral rights. - Answer ️️ -They are the right to use the open space above buildings. NOTE: Air rights involve the right to use the open space above buildings up to a height established by law. Jacob's family has operated a neighborhood grocery store in the community since before the land was zoned residential. Jacob continues to operate the store legally. What would you call this? 1. Mixed use 2. Non-conforming use 3. Residential retail use 4. Special use - Answer ️️ -Non-conforming use NOTE: Legal, non-conforming use of land occurs when a structure or business was legally established according to zoning ordinances at the time, but does not meet current zoning and building regulations. This is called being "grandfathered." If there is some kind of defect on a property's title, what effect does this level of transferability have on the property's value? 1. The value remains unchanged. 2. The value will fall. 3. The value will rise. 4. Transferability has no effect on value. - Answer ️️ -The value will fall. If a property can't be easily transferred, this will have a negative effect on value, causing it to fall. A strip mall valued at $850,000 has a $67,500 annual net operating income. What is the capitalization rate for the