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NASCLA PSI Exam Test Prep 2024 With 100% Correct Answers Guarantee Pass
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NASCLA psi exam test prep questions.pdf file:///C:/Users/HP/Desktop/New%20fo/NASCLA%20psi%20exam%2NASCLA PSI EXAM TEST PREP QUESTIONS &
ANSWERS
1. A homeowner has negotiated with a neighbor to obtain the permanent rightto pass over
the northern part of the neighbor's land to gain access to the river. He pays the neighbor
$9,000 for the right of access and receives a deed.This is an easement
Answer appurtenant
2. A tenant rented an apartment, signing a 15-month lease. After the lease ex-pired, the
tenant paid 1 month's rent and got a receipt.What kind of leaseholddoes the tenant have?
Answer Tenancy at will
3. The main difference between tenancy in common and joint tenancy is that with
tenancy in common, when a co-owner dies,
Answer his undivided interest passesto his heirs
4. 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 auto- matically conveyed with property, or all
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water rights are controlled by the stateunder the doctrine of prior appropriation. The
doctrine of prior appropriationis MOST likely to be followed in states where
Answer water is scarce
5. A legal easement can be created by any of the following EXCEPT
Answer merger ofthe titles
6. Legal descriptions using the government survey system are NOT generallyused in
Answer the original 13 states
7. Real property can be converted to personal property by
Answer severance
8. A lawsuit for inverse condemnation may be brought by
Answer homeowner
9. Building codes are
Answer ordinances that specify construction standards
10. A landowner wishes to build a neighborhood grocery store on a busy streetin an area
zoned for residential use.Which of the following would MOST likelybe used to obtain
permission for this store?
Answer Conditional use permit or zoning variance.
11. An environmental impact statement typically describes the effects of aproposed
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project on factors such as
Answer public health and safety.
12. A deed restriction is applicable to the activities of
Answer all owners, present andfuture
13. A commercial property lost value because a recently constructed highwaymoved traffic
away from the property. This is an example of
Answer economic or external obsolescence.
14. A competitive market analysis is MOST often used fo
Answer setting a listing price.
15. When compiling a competitive market analysis, a broker would look forcomparable
properties that
Answer were located near the property being listed.
16. If all other factors are equal, in which location is a parking lot likely to bringthe highest
sales price?
Answer Business district zoned for a six-story office building.
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