Psi real estat Study guides, Class notes & Summaries

Which of the following would NOT be considered Real Property? 1. Mineral Rights 2. A Leasehold Estate 3. Fixtures 4. Air correct answer: 2. A Leasehold Estate The servient estate in an easement appurtenant is the property 1. owned by the landlord 2. on which the easement is placed 3. owned by the tenant 4. that benefits from the easement correct answer: 2. on which the easement is placed Which of the following statements concerning encumbrances is NOT true 1. All encumbran...

If an owner wants to list a property for sale "as is", the listing agent should Questions the seller to any know defects - Question the seller to any known defects When valuing a three- bedroom home in a neighborhood a very similar properties, one- comparable has four bedrooms. After determining the fourth bedroom at approximately $8000 to a homeowners value, what adjustment should be made? Subtract $8,000 from the value of the comparable property - Subtract $8,000 from the value of the com...

All of the following would be considered real property EXCEPT 1. mineral rights. 2. a leasehold estate. 3. fixtures. 4. air. - a leasehold estate. The servient estate in an easement appurtenant is the property 1. owned by the landlord. 2. on which the easement is placed. 3. owned by the tenant. 4. that benefits from the easement. - that benefits from the easement. Which of the following statements concerning encumbrances is NOT true? 1. All encumbrances are liens. 2. All liens are e...

PSI REAL ESTATE SALESPERSON PRACTICE EXAM QUESTIONS & ANSWERS 2024 ( A+ GRADED 100% VERIFIED)

PSI Real Estate Salesperson exam 1 QUESTIONS & ANSWERS 2024 ( A+ GRADED 100% VERIFIED)

PSI Real Estate Exam (MD State Portion) Latest 2024 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - Selling, buying, exchanging, or leasing any real estate or collecting rent - Assisting to locate/obtain for purchase/lease any residential real estate - Serving as a consultant...

PSI Real Estate Exam (MD State Portion) Questions with Verified Solutions Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Ser...

PSI REAL ESTATE SALESPERSON EXAM 1 2024/2025 ACTUAL UPDATE ALL DONE SOLUTION

PSI REAL ESTATE SALESPERSON PRACTICE EXAM/A+ Rated/2024 A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an advance fee listing. an exclusive agency listing What critical aspect of the property inspection process MUST licensees convey to prospect...

An Appraisal made by a Certified appraiser is REQUIRED? - WHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? - THE REQUIRED DOWN PAYMENT MAY BE LOWER THAN CONVENTIONAL LOANS What should buyer put in purchase offer to make sure they would NOT have to purchase, if they CANNOT obtain financing? - Contingency Conditions does NOT create stigmatized property that may or may not be disclosed under the law of some state? - THE OWNER OF...