PSI REAL ESTATE EXAMS PACKAGE

PSI National Exam for Real Estate - Questions and Answers (Complete Solutions) An appurtenant easement that arises when an owner has no access to the street except across his neighbor's land is called: easement by necessity The state's authority to enact and enforce police powers is passed on th...

(Answered) PSI Real Estate Exam - Property Ownership Real Property (realty) land along with improvements, things attached to it, and the benefits, rights, and interests included in its ownership. Real Estate synonymously used with real property; but includes real and personal property. Land earth...

(Answered) PSI Real Estate Exam - Valuation and Market Analysis Amenity A tangible or intangible feature that enhances and adds value to real estate. Arm's Length Transaction A transaction that occurred under typical conditions in the marketplace where each of the parties were acting in their ow...

(Answered) PSI Real Estate Exam - Transfer of Title 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. Adverse Possessio...

(Answered) PSI Real Estate Exam - Contracts Acceptance 1. Agreeing to the terms of an offer to enter into a contract, thereby creating a binding contract. 2. Taking delivery of a deed. Consideration Anything of value, such as money, services, goods, or promises, given to induce another to enter i...