Psi real estate Study guides, Class notes & Summaries

PSI REAL ESTATE SALESPERSON PRACTICE EXAM

Virginia national and state PSI real estate study exam 2024

Colorado Law and Practice - Psi Real Estate Exam Already Passed Abandonment Non-payment of taxes Abstract of title A history of the ownership of parcel of land which lists transfers of title, rights, and liabilities. Acceleration Clause Upon default, all the principal installments come due to immediately Accesion owner of land is entitled to all the soil produces or all that is added to the land either intentionally or by mistake. Trade fixtures not removed are "assessed" by the owner of th...

PSI REAL ESTATE SALESPERSON PRACTICE EXAM 2023/2024 QUESTIONS AND ANSWERS

PSI Real Estate State Exam (NJ) Updated C. an involuntary lien - correct answer When a land owner uses his land as security for a loan, the encumbrance created is called. C. Question the seller to any known defects - correct answer If an owner wants to list a property for sale "as is," the listing agent should A. licensee must hold a timeshare license - correct answer According to the New Jersey Real Estate Time Share Act, if a licensee is selling a timeshare located within the state of...

PSI Real Estate Exam (MD State Portion) With 100% Correct Answers Real Estate brokerage is govern by: - answer1. 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: - answerFor consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - S...

PSI Real Estate Salesperson Exam (Latest 2023/ 2024 Update) 100% Correct| Questions and Verified Answers| Already Grade A Q: Strict liability under Superfund means that: Answer: the owner is responsible to the injured party without excuse. Q: Which of the following does NOT correctly describe how real estate licensees should handle the possibility of hazardous substances on property being sold? Answer: Licensees should not disclose the problem because it might harm the sell...

PSI REAL ESTATE SALESPERSON EXAM 1

PSI Real Estate Salesperson Exam (Latest 2023/ 2024) 100% Correct| Questions and Verified Answers| Grade A Q: Which of the following statements does NOT correctly describe a legal life estate? 1. During his or her life estate the life tenant is generally answerable to the holder of the future interest. 2. The life tenant may not commit any acts that would permanently injure the property. 3. There may be a reversionary interest. 4. There may be a remainder interest. Answer: 1. Duri...