What is a lien Study guides, Class notes & Summaries
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PSI Exam Questions and Answers 100% Correct| Latest 2024
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PSI Exam Questions and Answers 100% Correct| Latest 2024 
what would prevent a seller from providing marketable title 
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 
This is illegeal according to respa 
If a license mentions MLS when advertising, the advertisement must include 
the name of the MLS 
According to the New Jersey Real estate Licen...
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Law of contracts practice test Questions with complete solutions
- Exam (elaborations) • 17 pages • 2023
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Law of contracts practice test Questions with complete solutions 
According to the TREC contracts, the title company (on behalf of the seller) will send what to the buyer within 20 days after they receive the signed contract? 
To make a contract valid, someone may need to contract through the power of attorney if they: 
 
In the event that the buyer cannot secure financing, a financing contingency allows: 
WHAT must be delivered to the seller or the seller's agent within three days after the...
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Legal Aspects of Real Estate Final Exam 2023/2024 With Complete Solutions
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Legal Aspects of Real Estate Final Exam 2023/2024 With Complete Solutions 
Because the United States started as an English colony, our legal system is a mix 
of 
common law and civil law 
Which of the following is not one of the four main sources of law? 
Contract law 
Based on the two broad categories of law, which one covers typical cases 
involving contracts and property ownership? 
Civil law 
The California _________ is the highest court level and all courts in California are 
bound by it...
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NYREI School Exam (question and answers 2023) graded A+
- Exam (elaborations) • 8 pages • 2023
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NYREI School Exam (question and answers 2023) graded A+What is the minimum licensing requirement to sell commercial real estate in New York? - correct answer a real estate salesperson's license 
 
What is the preferred method of creating an agency relationship? - correct answer expressed agency 
 
An amenity purchaser - correct answer occupies or uses the purchased property 
 
Condominium units are considered _____ property and are conveyed by _____. - correct answer real / deed 
 
A salesperso...
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Gold Coast Final Exam Questions and Answers 100% Solved
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Gold Coast Final Exam Questions and Answers 100% Solved What is the form you sign that says you will pay the loan back ? promissory note 
What is the post licensing grace period after first expiration ? none 
Deposits is a form of... valuable consideration 
Physical land and improvements real property 
Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both Yes 
What is the maximum fine per offense ? $5,000 per fine...
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New Jersey PSI Real Estate Exam With complete solutions.
- Exam (elaborations) • 12 pages • 2023
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New Jersey PSI Real Estate Exam With 
complete solutions. 
Water Rights ️ The terms "littoral," "riparian," and "appropriative" refer to 
A salesperson lists a property with a contract that allows for subagency and dual 
agency. The salesperson is ️ an agent to the broker and a subagent to the 
principal. 
Depreciation is calculated based on the ️ Cost of the building only. 
When a property owner uses his home as collateral for a loan and creates a lien in 
favor of the lender, title...
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Personal Lines Insurance Practice Exam Questions and Answers Latest 2024-2025 | 100% Correct.
- Exam (elaborations) • 112 pages • 2024
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Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an 
accident. Which of the following statements about coverage under the parents' 
personal auto policy is CORRECT? 
A) Bobby is covered by his parents' policy because he is included in the definition 
of named insured. 
B) Bobby is not covered for this accident because he used the car without 
permission. 
C) Bobby is not covered ...
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NYREI School Exam Questions and Answers Latest Version Graded A+
- Exam (elaborations) • 13 pages • 2023
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NYREI School Exam Questions and Answers Latest Version Graded A+ What is the minimum licensing requirement to sell commercial real estate in New York? a real estate salesperson's license 
What is the preferred method of creating an agency relationship? expressed agency 
An amenity purchaser occupies or uses the purchased property 
Condominium units are considered _____ property and are conveyed by _____. real / deed 
A salesperson who is an independent contractor is not subject to withholding r...
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PA Emissions Inspector Certification Questions and Answers 100% Pass
- Exam (elaborations) • 15 pages • 2023
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PA Emissions Inspector Certification Questions and Answers 100% Pass What decade do we start doing emission devices on cars? 1960 
When removing a gas cap with safety equipment do we use? Safety goggles 
What is the best lean indicator to determine air fuel ratio? Oxygen 
Where is the best location to find a gross vehicle weight? Sticker on door. 
What is the reason for the emissions program in Pennsylvania? For clean air 
What is the range of normal Knox (N0x) production? per million parts 
Wh...
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REAL ESTATE FINANCE PRACTICE EXAM NEW SOLUTION 2023 COMPLETE EXAM UPDATE
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A __________ is a permanent change in one or more of the terms of a borrower's loan. 
Loan Qualification 
Loan Modification 
Loan Approval 
Loan Origination - ANS IS Loan Modification 
What time period must borrowers have in job history with the same employer to qualify? 
2 months 
6 months 
1 year 
2 years - ANS IS 2 years 
Unscrupulous actions carried out by a lender to entice, induce and/or assist a borrower 
in taking a mortgage that carries high fees, a high interest rate, strips the borro...
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