PSI EXAM 3 Practice Questions and Answers (100% Pass)
9 views 0 purchase
Course
Cosmetology
Institution
Cosmetology
PSI EXAM 3 Practice Questions and Answers (100% Pass)
Question 1 of 80
Portion Name : National Real Estate Salesperson Practice Exam 2015
Under the Federal Fair Housing Law, which of the following is considered
discriminatory advertising?
1.
"Nonsmoker preferred."
2.
"Military discount."
3...
be limited to mortgage arrangements. - Answer✔️✔️-1.
have short deadlines.
A broker has brought a ready, willing, and able buyer to a seller. In MOST listing
contracts, the broker has earned his commission when
1.
any offer is delivered to the seller.
2.
the seller accepts the offer.
3.
all contingencies are removed.
4.
the sale closes. - Answer✔️✔️-2.
the seller accepts the offer.
A real estate salesperson is representing only the buyer in a transaction. Which of
the following actions would be a violation of the salesperson's agency duties to the
client?
1.
disclosing the price the seller originally paid for the property
2.
disclosing the highest price the buyer is willing to pay
disclosing the highest price the buyer is willing to pay
The day after a broker's listing on a house expired, it was listed with another broker
and offered in the MLS. Several days later, a third licensee called the first broker
and asked for the key to show the home. The broker should inform the caller that
1.
he is no longer the listing agent.
2.
he will set up an appointment for showing the home.
3.
he will leave the key under the door mat.
4.
the house is currently off the market. - Answer✔️✔️-1.
he is no longer the listing agent.
Legal descriptions using the government survey system are NOT generally used in
Failure of a real estate agent to comply with Fair Housing practices is punishable
by
1.
license revocation only.
2.
criminal prosecution only.
3.
license revocation and criminal prosecution.
4.
probation. - Answer✔️✔️-3.
license revocation and criminal prosecution.
A landowner wishes to build a neighborhood grocery store on a busy street in an
area zoned for residential use. Which of the following would MOST likely be used
to obtain permission for this store?
1.
Deed amendment.
2.
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller OliviaWest. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
