Pa real estate - Study guides, Class notes & Summaries

PA REAL ESTATE SALESPERSON TEST

PSI PA REAL ESTATE EXAM | Questions with 100% Correct Answers | Verified | Updated 2024

PSI PA Real Estate Practice Exam | Questions with 100% Correct Answers | Verified | Updated 2024

Four definitions of value - Answer- 1. fair or equivalent return of goods/services or money for something exchanged. 2. Monetary worth of something 3. Relative worth, utility or importance of something 4. REAL ESTATE DEFINITION the present worth of future benefits that would be gained from owning real property Price vs. pricing positions - Answer- Price is the fixed end agreed upon sale price or final number agreed upon. Pricing positions refers to the listing price or proposed offer of a ...

PA REAL ESTATE STATE PORTION QUESTIONS

PSI PA REAL ESTATE LICENSING EXAM || With Complete Questions & Answers (Rated A+) PSI PA REAL ESTATE LICENSING EXAM || With Complete Questions & Answers (Rated A+) Define the term brokerage - ANSWER-the business practice of bringing together the parties in a transaction condemnation - ANSWER-the right to legally start eminent domain - ANSWER-the right of government to take private property for public use bundle of rights - ANSWER-disposition, exclusion, enjoyment, possession, contro...

PA Real Estate Salesperson Certification Exam - State Portion Exam Questions & Answers (100% Correct) PA Real Estate Salesperson Certification Exam - State Portion Exam Questions & Answers (100% Correct) What is a type of contract in which two parties are legally bound to act? - ANSWER-Bilateral What is one kind of real property depreciation caused by poor design? - ANSWER-Functional Obsolence What is the name of the party who aquires the title to real property in a deed? - ANSWER-Gran...

PSI PA Real Estate Practice Exam Questions And Answers The economic characteristics of land are - ANS scarcity, location, and durability A major difference between freehold and nonfreehold estates is that all freehold estates - ANS are of indeterminable duration An easement can be terminated by - ANS merger of titles The land description T3N, R4W Principal Meridian refers to what method of property description? - ANS Rectangular survey Tenants are still in their renta...

PA REAL ESTATE LICENSURE QUESTIONS AND ANSWERS

The economic characteristics of land are - scarcity, location, and durability A major difference between freehold and nonfreehold estates is that all freehold estates - are of indeterminable duration An easement can be terminated by - merger of titles The land description T3N, R4W Principal Meridian refers to what method of property description? - Rectangular survey Tenants are still in their rental property even though their lease has expired. The landlord has given them written not...