Psi real estate contracts - Study guides, Class notes & Summaries

PSI Real Estate Exam (MD State Portion) All Answers Verified 3 types of broker companies ️- Single agency (do not perform dual agency) - Dual agency - Hybrid Agency (will perform both dual and single agency) Ad valorem taxes on a parcel of property that remain unpaid for... ️3 consecutive years, are no longer collectible. Adverse Possession ️Also requires 20 year. The occupancy has to be 1. open 2. hostile 3. continuous 4. notorious 5. under claim of right/color of title. ...

PSI Salesperson Real Estate Practice Exam Version 1 (2023/ 2024 Update) | Questions and Verified Answers|100% Correct Q: Federal Truth-in-Lending laws are also known as 1. the Freedom of Information Act. 2. the Equal Credit Opportunity Act. 3. Regulation Z. 4. Title VIII. Answer: Regulation Z. Q: The FHA functions MOST like 1. a bank or savings and loan association. 2. a mortgage company. 3. an investment group. 4. an insurance company. Answer: an insurance compan...

PSI NJ Real Estate Exam / PSI Practice Test - Q & A The Equal Credit Opportunity Act addresses all of the following EXCEPT a. discrimination in lending b. written statements of credit denial c. acceptable factors for borrower analysis d. standardization of interest rates Under the terms of their listing contract, the owners may sell their house themselves and pay no commission. If their agent sells it, a commission will be due. What kind of listing contract do the owners have? exclusive agency...

PSI National Exam for Real Estate Exam Questions and Answers A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called - Answer-a contract Antitrust laws prohibit competing brokers from all of the following - Answer-1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probably be shared by ...

PSI exam questions & answers 2023/2024 what would prevent a seller from providing marketable title - ANSWER-Mechanics lien the seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estate commission, increasing the sellers net proceeds - ANSWER-This is illegeal according to respa If a license mentions MLS when advertising, the advertisement must include - ANSWER-the name of the MLS According to the New Jersey Real ...

PSI National Exam for Real Estate || Complete Questions & Answers (Rated A+) PSI National Exam for Real Estate || Complete Questions & Answers (Rated A+) A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called - ANSWER - a contract Antitrust laws prohibit competing brokers from all of the following - ANSWER - 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and manage...

THE CODE, Oregon Real Estate Exam (PSI) Questions & Answers, 100% Accurate, graded A+/ The buyer asks if there are any sex offenders in the neighborhood. The agent's MOST appropriate response would be to: - -give the buyer the website address so the buyer can look up that information A developer intends to subdivide a large parcel of land and is in the process of land planning. He has determined the geographic boundaries of the individual lots and how the streets as the development ...

THE CODE, Oregon Real Estate Exam (PSI) Questions & Answers, 100% Accurate. Graded A+ The buyer asks if there are any sex offenders in the neighborhood. The agent's MOST appropriate response would be to: - -give the buyer the website address so the buyer can look up that information A developer intends to subdivide a large parcel of land and is in the process of land planning. He has determined the geographic boundaries of the individual lots and how the streets as the development w...

PSI National Exam for Real Estate Exam Questions and Answers A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called - Answer- a contract Antitrust laws prohibit competing brokers from all of the following - Answer- 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probably be shared b...

PSI REAL ESTATE SALESPERSON PRACTICE EXAM QUESTIONS AND ANSWERS LATEST. 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. - Answer- an exclusive agency listing What critical aspect of the property inspection process MUST license...