National psi broker - Study guides, Class notes & Summaries

National PSI EXAM PRACTICE TEST Answered 100% Correctly| Latest 2024 National PSI EXAM PRACTICE TEST Answered 100% Correctly| Latest 2024 Real Estate law governing advertising applies to all of these EXCEPT: A. In house notes for showing B. Multiple listing service (MLS) C. communications with consumers D. Social Media A. In-house notes for showing are not seen by consumers an so do not have to follow state or federal laws. A couple accompanies a property inspector during an inspecti...

PSI National real estate exam (Complete Questions Answered 100% Correct) Latest Martha was able to go to the closing and sign the paperwork to sell her mother's property while her mother was in the hospital. How could this be possible? 1. Martha may have been named an executor of her mother's will. 2. Her mother may have had a power of attorney drawn up making Martha her attorney in fact. 3. Martha and her mother may own the property as joint tenants, so that Martha may sign as owne...

PSI NATIONAL REAL ESTATE QUESTIONS Answered 100% Correctly| Latest 2024 PSI NATIONAL REAL ESTATE QUESTIONS Answered 100% Correctly| Latest 2024 A legal description in land that includes language like "the old oak tree" or "the big rock" would be Metes and bounds As a licensee is showing a property contiguous to a lake, the licensee notices that the lake has a large amount of algae. The buyer wishes to make an offer. What should the licensee do? Encourage the buyer to have an...

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. ...

CO Real Estate VanEd Questions and Answers 100% Pass Purpose of the Real Estate Commission law - Correct Answer ️️ -To protect the public of the State of CO in All real estate matters Conway-Bogue Decision - Correct Answer ️️ -Confirming a licensees right to a limited practice of law. Brokers my not charge a separate fee for preparing docs and that they must use the state's standard and approved forms. Commission may investigate upon written complaint... - Correct Answer ️️ -...

NATIONAL PSI EXAM PRACTICE TEST REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. A brokerage represents the owner in the sale of the owner's property. Which of these events will terminate that agency relationship: A. the broker discovers that an adequate commission cannot be made due to the low market value of the property B. a fire destroys the property C. the broker engages other brokers to help sell the property D. the owner abandons the property. - -B A building sold for $15...

PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2024 PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called ️ a contract Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management ra...

1. The fewer properties on the market, the greater the scarcity. What's the effect on prices? Prices are pushed upward 1. Frank owns a property on which there is walkway to the beach shared by his neighbors on either side. What is Frank's property? · Servient estate 1. Simon is looking for a facility for a large grocery distribution operation. He found two options, one of which is offering him a triple net lease, and the other an absolute net lease. Why is his attorney arguing...

The Code of Virginia, Title 54.1, Chapter 21 -ANSWER details and governs all requirements for real estate licensure in Virginia The Virginia Real Estate Board (VREB) -ANSWER is the agency responsible for administering and regulating real estate licenses The qualifications for a salesperson license are as follows: -ANSWER 1. Age: at least 18 2. Experience: none required 3. Education: High school diploma or equivalent and 60 hours of a salesperson-qualifying course 4. Reputation: have a r...

PSI National Exam for Real Estate Questions and Answers Already Passed A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called a contract Antitrust laws prohibit competing brokers from all of the following 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 al...