Psi real estate contracts - Study guides, Class notes & Summaries
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TENNESSEE (STATE EXAM)REAL ESTATE QUESTIONS AND ANSWERS 2024
- Exam (elaborations) • 8 pages • 2024
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Regulatory Powers 
Enable the agency to pass specific regulations and rules to support the administration of the license law 
 
 
 
Judicial Powers 
Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations 
 
 
 
Administrative Powers 
Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves 
 
 
 
Mission of the Tennessee Real Estate Commission 
P...
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Tennessee (state exam)Real Estate questions and answers
- Exam (elaborations) • 8 pages • 2024
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Regulatory Powers 
Enable the agency to pass specific regulations and rules to support the administration of the license law 
 
 
 
Judicial Powers 
Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations 
 
 
 
Administrative Powers 
Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves 
 
 
 
Mission of the Tennessee Real Estate Commission 
P...
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PSI REAL ESTATE SALESPERSON PRACTICE EXAM QUESTIONS AND ANSWERS LATEST.
- Exam (elaborations) • 16 pages • 2023
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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...
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PSI Exam Prep Oregon Real Estate Review Questions and answers, graded A+/ verified.| latest update 2024/25|
- Exam (elaborations) • 9 pages • 2024
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PSI Exam Prep Oregon Real Estate Review Questions and 
answers, graded A+/ verified. 
A borrower has defaulted on the mortgage. The mortgage contains an acceleration clause. This permits 
the lender to - -demand immediate payment of the entire note. 
A broker has brought a ready, willing, and able buyer to a seller. In MOST listing contracts, the broker 
has earned his commission when - -the seller accepts the offer. 
A broker lists a property, with a listing contract allowing subagency and du...
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PSI REAL ESTATE SALESPERSON PRACTICE EXAM QUESTIONS AND ANSWERS LATEST.
- Exam (elaborations) • 16 pages • 2023
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- $12.99
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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...
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PSI National Exam for Real Estate Exam Questions and Answers
- Exam (elaborations) • 56 pages • 2024
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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...
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PSI COLORADO RE - COLORADO FORMS AND CONTRACTS QUESTIONS AND ANSWERS, VERIFIED/| latest update 2024/25|
- Exam (elaborations) • 6 pages • 2024
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PSI COLORADO RE - COLORADO FORMS AND CONTRACTS 
QUESTIONS AND ANSWERS, VERIFIED/ 
single party listing - -broker or seller has prospective buyer in mind - only valid if that prospect buys 
listing is only a few days 
Should have no hold over 
can use the exclusive right to sell or lease contract but must add commission specific provisions 
buyer representation agreement/Exclusive Right to Buy Listing Contract - -An agreement setting out 
a principal-agent relationship in which the real estate p...
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PSI EXAM 2 QUESTIONS & ANSWERS 2023/2024
- Exam (elaborations) • 41 pages • 2023
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PSI EXAM 2 QUESTIONS & ANSWERS 2023/2024 
 
 
A homeowner has negotiated with a neighbor to obtain the permanent right 
to pass over the northern part of the neighbor's land to gain access to the 
river. He pays the neighbor $9,000 for the right of access and receives a 
deed. This is an easement 
 
1. 
in gross. 
 
2. 
by necessity. 
 
3. 
appurtenant. 
 
4. 
by prescription. - ANSWER-appurtenant. 
 
Prospective buyers made an offer on a property. The seller did NOT accept, but made a countero...
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PSI National Exam for Real Estate
- Exam (elaborations) • 53 pages • 2024
- Available in package deal
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PSI National Exam for Real Estate 
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 ️all current 
owners of real e...
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PSI National Exam for Real Estate Questions and Answers 100% Pass
- Exam (elaborations) • 62 pages • 2024
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PSI National Exam for Real Estate 
Questions and Answers 100% Pass 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is 
called - Correct Answer️️ -a contract 
Antitrust laws prohibit competing brokers from all of the following - Correct Answer️️ - 
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, ...
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