Pa real estate Study guides, Class notes & Summaries

The economic characteristics of land are - scarcity, location, and durability A major difference between freehold and nonfreehold estates is that all freehold estates - are of indeterminable duration An easement can be terminated by - merger of titles The land description T3N, R4W Principal Meridian refers to what method of property description? - Rectangular survey Tenants are still in their rental property even though their lease has expired. The landlord has given them written not...

PSI PA REAL ESTATE EXAM | Questions with 100% Correct Answers | Verified | Updated 2024

PSI PA Real Estate Practice Exam | Questions with 100% Correct Answers | Verified | Updated 2024

The economic characteristics of land are - Answer- scarcity, location, and durability A major difference between freehold and nonfreehold estates is that all freehold estates - Answer- are of indeterminable duration An easement can be terminated by - Answer- merger of titles The land description T3N, R4W Principal Meridian refers to what method of property description? - Answer- Rectangular survey Tenants are still in their rental property even though their lease has expired. The lan...

PA Real Estate State Portion Questions and Answers 100% Pass Real Estate Commission has how many members 11 Who are the members of the Comission (1) Commissioner of Professional and Occupational Affairs (1) Director of Bureau of Consumer Protection (5) Brokers of 10+ yrs experience (3) Public at Large Members (1) Broker 5+ years selling cemetery for at least 10+ years How long are terms for Commission members 5 years, MAX 5.5 years If Commission member dies how long does successor with same q...

PSI PA REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% PASS Severance the performance of turning real property into personal property What is the main difference between tendency in common and joint tendency is that with tendency in common, when a co-owner dies? the undivided interest passes to his heirs A tenant rented an apartment signing a 15 month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold does this tenant have? Tenancy at will Al...

PSI PA Real Estate Practice Exam Questions and Answers 100% Solved The economic characteristics of land are scarcity, location, and durability A major difference between freehold and nonfreehold estates is that all freehold estates are of indeterminable duration An easement can be terminated by merger of titles The land description T3N, R4W Principal Meridian refers to what method of property description? Rectangular survey Tenants are still in their rental property even though their lease h...

PSI PA Real Estate Practice Exam Complete Questions And Answers

PA Real Estate Exam Prep Questions (232 Correct Answers) 2024 UpdatePA Real Estate Exam Prep Questions (232 Correct Answers) 2024 Update

When was RELRA originally passed in Pennsylvania? - May of 1929 When was RELRA changed to a different name? - 1980 What is one of the most important thing RELRA does? - grant ruling- making and enforcement authority to the State Real Estate Commission What does the State Real Estate Commission function under? - The Bureau of Professional and Occupational Affairs, which is part of the Pennsylvania Department of State Who amends RELRA? - State Legislature Who creates rules and regul...