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PSI MARYLAND PRE TEST REAL ESTATE EXAM QUESTIONS AND ANSWERS UPDATED
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PSI MARYLAND PRE TEST REAL ESTATE EXAM QUESTIONS AND ANSWERS UPDATED
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PSI MARYLAND PRE TEST REAL ESTATE EXAMQUESTIONS AND ANSWERS UPDATED 2024 - 2025
Plat,Map,,ANS,-
,,Plat,map,which,shows,the,location,of,a,piece,of,property,in,context,to,its,adjoining,lots,,roads,and,lan
dmarks.,It,includes,lot,,street,and,block,identifiers.
Meets,and,Bounds,,ANS,-
,,A,survey,system,using,points,of,reference,and,directional,indicators,to,identify,and,locate,a,property,f
or,legal,purposes
Lot,and,Block,,ANS,-
,,A,legal,description,that,refers,to,lot,and,block,number,within,a,subdivision,as,indicated,on,a,recorded,
subdivision,plat.
Rectangular,Gov,t,Survey,,ANS,-
,,A,governmental,survey,system,that,describes,land,in,reference,to,principal,meridians,and,baselines.
Innocent,misrepresent,,ANS,-,,When,one,party,relies,on,inadvertent,falsehood,of,another
DUST,,ANS,-,,Demand,Utility,Scarcity,Transferability,
Factors,influence,real,property,value
Assignment,,ANS,-
,,The,substitution,of,tenants,,putting,the,responsibility,for,the,lease,contract,in,the,new,tenant's,hands.
,Requires,written,permission,of,landlord.
Assignment,of,Contract,,ANS,-
,,When,a,new,party,to,a,contract,agrees,to,satisfy,the,former,party's,obligations.,Unless,there,is,a,nova
tion,(a,new,contract),the,original,parties,remain,liable,for,the,contract,terms.
Assignment,of,Mortgage,,ANS,-,,The,transfer,of,a,mortgage,from,the,original,lender,to,another
, Real,Property,,ANS,-,,Real,estate,,plus,the,interest,,benefits,and,rights,included,with,ownership
Personal,Property,,ANS,-,,Anything,that's,not,real,property
Real,Property,vs,Personal,Property,Adaptation,Test,(Agreement,and,Attachment),,ANS,-
,,How,the,item,is,situated,on,the,property
Curtesy,,ANS,-,,Life,estate,of,a,property,held,by,a,widow
Inadvertent,Misrepresentation,,ANS,-,,A,false,statement,was,made
Convert,a,percentage,to,a,decimal,,ANS,-,,Move,decimal,point,2,places,to,the,left,remove,%,sign
Estate,at,Will,,ANS,-,,Lease,duration,is,unknown,at,time,created
tenancy,by,the,entirety,,ANS,-
,,A,type,of,concurrent,estate,in,real,property,in,which,the,owners,of,property,are,husband,and,wife.,Ea
ch,spouse,has,an,equal,and,undivided,interest,in,the,property.,In,essence,,each,owns,the,entire,estate.
tenancy,in,common,,ANS,-
,,A,form,of,ownership,that,includes,an,undivided,interest,in,the,property.,Owners,may,sell,,convey,,mo
rtgage,or,transfer,their,interest,without,the,consent,of,co-owners
testator,,ANS,-,,The,one,who,drafts,the,will
testate,,ANS,-,,Dying,with,a,will,in,place.
torts,,ANS,-,,legal,wrongs
Americans,with,Disabilities,Act,of,1990,,ANS,-
,,A,federal,antidiscrimination,law,to,protect,disabled,persons,from,discrimination,in,public,accommodat
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