PSI REAL ESTATE Questions and Correct Answers & Latest Updated
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Course
PSI REAL ESTATE
Institution
PSI REAL ESTATE
The ability of the government to acquire real property against the owner for the benefit of
the public.
o :## Eminent Domain
When real property is conveyed to a party through a will. the real property is referred by
what term?
o :## Devise
What is the most complete estate in real property?
...
PSI REAL ESTATE Questions and Correct
Answers & Latest Updated
The ability of the government to acquire real property against the owner for the benefit of
the public.
o :## Eminent Domain
When real property is conveyed to a party through a will. the real property is referred by
what term?
o :## Devise
What is the most complete estate in real property?
o :## Fee Simple
What is an exaggerated term from a real estate agent,that would be considered not true?
o :## Puffing
What is the process of arriving at a final market value conclusion from the estimates of
three appraisal approaches to value?
o :## Reconciliation
A document in which a borrower certificate the amount owed on a mortgage loan and the
rate of interest.
Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update
,2|Page: 2024/2025 Grade A+
o :## Estoppel Certificate
This type of mortgage is based on the collateral security pledge of two properties?
o :## Blanket Mortgage
The actual, visible, hostile, notorious, taking of another's land under a claim of title for a
statutory period of time.
o :## Adverse Possession
A phrase in a contract that requires the performance of a certain act within a stated period
of time.
o :## Time is of the essence
The use of borrowed money to finance the bulk of an investment.
o :## Leverage
What is another name for Regulation Z?
o :## Truth in Lending Act
What is the type of listing contract in which the owners employ one real estate broker but
the owners pay no commission fee if they sell their real estate to someone who has not
contacted the broker?
o :## Exclusive Agency
Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update
, 3|Page: 2024/2025 Grade A+
What is the official name of a tenant who remains in a leased property after the lease
expires.
o :## Holdover Tenant
A typical business arrangement that is created when individual persons invest money for
real estate investments
o :## Syndicate
This type of loan in which the principal as well as the interest is payable in periodic
installments over the term of the loan.
o :## Amortized Loan
Number of member on the PA Real Estate Commission
o :## 11
What is the profit call from the sale of real estate according to the IRS
o :## Capital Gain
The fact that value must be exchanged between the parties to a valid deed refers to what
real estate term.
o :## Consideration
What legal action can be sought in court by a mortgagee to recover lost money when the
public sale of a forced foreclosed property does not pay off the entire mortgage debt?
Master01: DO NOT COPY AND PASTE!! August 25, 2024 Latest Update
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