PSI

Federal Truth-in-Lending laws are also known as correct answer: Regulation Z A salesperson qualified a minority couple with two children and defined their price range as between $110,000 and $120,000 for the three-bedroom house they wanted. They asked to look at two listings in a nonminority neighborhood. The salesperson did not show them the properties because they were priced under $90,000 and had only two small bedrooms. Did the salesperson act appropriately and why or why not? correct an...

If an older building cannot be air-conditioned, it is an example of ___________ ? A. Economic obsolescence. B. Functional obsolescence. C. Physical deterioration. D. External deterioration correct answer: B. Functional obsolescence. An appraiser MUST be licensed or certified to handle Federally related work on residential property valued at more than ___________? A. $100,000. B. $250,000. C. $500,000. D. $1,000,000. correct answer: B. $250,000. The main difference between ten...

How many consecutive years of non-use of water does one lose their water rights in Oregon? correct answer: 5 consecutive years, the right is considered forfeited Who must register the business name? correct answer: Principal Broker, must register the business name with REA-(Real Estate Agency) under their name. How long must real estate documents be kept? correct answer: 6 years, from the date the transaction was accepted, rejected, or withdrawn Who approves advertising? correct answ...

The total cost of financing a loan in percentage terms, as a relationship of the total finance charges to the total amount financed. correct answer: Annual Percentage Rate (APR) The illegal practice of inducing owners to sell their homes (often at a deflated price) by suggesting that the ethnic or racial composition of the neighborhood is changing, with the implication that property values will decline as a result. Also called panic selling. correct answer: Blockbusting Treating people u...

Federal and state agencies regulate the practice of barbering. State agencies correct answer: 4)Set guidelines for use of equipment What standards address issues relating to your right to know about any potentially hazardous ingredients contained in the products and how to avoid these hazards? correct answer: OSHA standards _____establish specific standards of conduct and can be changed or uploaded frequently correct answer: Rules Ignorance of the law is not an acceptable reason or e...

A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called correct answer: a contract Antitrust laws prohibit competing brokers from all of the following correct 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 correct answer: all current owners of real e...

___ is used to support and protect electrical conductors. correct answer: Conduit A ___ is a device that converts mechanical energy into electrical energy by means of electromagnetic induction. correct answer: generator Cogeneration produces ___ for use in a process or heating. correct answer: electricity In a watertube boiler, the heated water inside the tubes becomes ___, causing it to rise. correct answer: less dense Boiler tubes are manufactured using materials that meet ___ ...

A 68-year-old patient with a recent diagnosis of mild transient ischemic attack has been placed on aspirin, 325 mg PO daily with food. The patient develops an aspirin allergy. You would discontinue aspirin and: 1. change to clopidogrel (Plavix). 2. change to valproic acid (Depakote). 3. refer for immediate endarterectomy. 4. change to butalbital. Practice Test Question: 2 To assess ability to think abstractly, you could ask the patient: Question Result: Correct Your answer: the meaning ...

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 inspection of a house on which they have a contract. The inspector points to a six-inch crack at the corner of a dining room window. The crack is an...

A 65-year-old woman presents for a follow-up examination after a new patient visit. She has not seen a healthcare provider for several years. She is a smoker and her hypertension is now adequately controlled with medication. Her mother died at age 40 from a heart attack. The fasting lipid profile shows cholesterol = 240 mg/dL, HDL = 30, and LDL = 200. In addition to starting Therapeutic Lifestyle Changes, the nurse practitioner should start the patient on: 1. bile acid sequestrant. 2. a st...