100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Psi Pa Real Estate Exam; Questions with Complete Solutions £11.90   Add to cart

Exam (elaborations)

Psi Pa Real Estate Exam; Questions with Complete Solutions

 3 views  0 purchase
  • Module
  • PA REAL ESTATE
  • Institution
  • PA REAL ESTATE

Psi Pa Real Estate Exam; Questions with Complete Solutions Severance Correct Answer-the performance of turning real property into personal property What is the main difference between tendency in common and joint tendency is that with tendency in common, when a co-owner dies? Correct Answe...

[Show more]

Preview 3 out of 25  pages

  • August 27, 2024
  • 25
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • PA REAL ESTATE
  • PA REAL ESTATE
avatar-seller
Psi Pa Real Estate Exam; Questions with
Complete Solutions
Severance Correct Answer-the performance of turning real property into
personal property



What is the main difference between tendency in common and joint tendency is
that with tendency in common, when a co-owner dies? Correct Answer-the
undivided interest passes to his heirs



A tenant rented an apartment signing a 15 month lease. After the lease expired,
the tenant paid 1 month's rent and got a receipt. What kind of leasehold does
this tenant have? Correct Answer-Tenancy at will



Although states make specific laws governing water rights and the rights in land
that borders water, most states generally follow one of two basic doctrines
regarding water rights. Either riparian and littoral rights are automatically
conveyed with property, or all water rights are controlled by the state under the
doctrine of? Correct Answer-prior appropriation



Legal description using the government survey system are not generally used
in? Correct Answer-the original 13 states

, Psi Pa Real Estate Exam; Questions with
Complete Solutions
An owner hired a construction company to build a swimming pool at a new
home. The owner failed to pay the bill once the work was completed and the
construction company filed a lien to obtain payment of the debt. The
encumbrance created is called? Correct Answer-a mechanic's lien



Building codes are? Correct Answer-ordinances that specify construction
standards



An environmental impact statement (IES) Correct Answer-projects the impact
on environment or proposed project



A lawsuit for inverse condemnation may be brought by Correct Answer-the
homeowner



A deed restriction is applicable to the activities of? Correct Answer-all owners
present and future



A land owner wishes to build a neighborhood grocery store on a busy street in
an area zoned for residential use. What would most likely be used to obtain
permission for this store? Correct Answer-Conditional use permit or zoning
variance

, Psi Pa Real Estate Exam; Questions with
Complete Solutions

When preparing a market data estimate of value, what category of adjustment is
NOT essential? Correct Answer-the original cost of the building



Depreciation is calculated based on the? Correct Answer-cost of the building
only



A competitive market analysis is MOST often used for? Correct Answer-
setting a listing price



A prospective seller asks a salesperson to recommend a listing price for a
property. The salesperson should suggest? Correct Answer-a competitive
market analysis to determine the property's value



A couple owns an older home in a neighborhood that is becoming a commercial
area. Because of the change in the use of the land, the couple can expect the
value of their parcel to increase at some future time. This is an example of the
principle of Correct Answer-anticipation

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

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 TheeGrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £11.90. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82871 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling

Recently viewed by you


£11.90
  • (0)
  Add to cart