Psi exam financing - Study guides, Class notes & Summaries

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...

National PSI Broker Exam prep| Answered 100% Correctly| Latest 2024 A broker is completing a CMA to determine the potential listing price of a seller's home. Which of the following is NOT part of the final CMA given to the seller? A) Highest and best use evaluation B) Comparable sales analysis C) Adjustments to past sales D) Pictures of comparables A) The answer is highest and best use evaluation. An appraiser does a highest and best use evaluation, which does not appear in a CMA...

National PSI Broker Exam prep With 100% Correct Answers A broker is completing a CMA to determine the potential listing price of a seller's home. Which of the following is NOT part of the final CMA given to the seller? A) Highest and best use evaluation B) Comparable sales analysis C) Adjustments to past sales D) Pictures of comparables - answerA) The answer is highest and best use evaluation. An appraiser does a highest and best use evaluation, which does not appear in a CMA. Hou...

PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2024 PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2024 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...

National PSI EXAM PRACTICE TEST QUESTIONS & ANSWERS 2023/2024 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 - ANSWER-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...

PSI NJ Real Estate Exam / PSI Practice Test - Q & A The Equal Credit Opportunity Act addresses all of the following EXCEPT a. discrimination in lending b. written statements of credit denial c. acceptable factors for borrower analysis d. standardization of interest rates Under the terms of their listing contract, the owners may sell their house themselves and pay no commission. If their agent sells it, a commission will be due. What kind of listing contract do the owners have? exclusive agency...

National PSI Broker Exam prep With 100% Correct Answers A broker is completing a CMA to determine the potential listing price of a seller's home. Which of the following is NOT part of the final CMA given to the seller? A) Highest and best use evaluation B) Comparable sales analysis C) Adjustments to past sales D) Pictures of comparables - answerA) The answer is highest and best use evaluation. An appraiser does a highest and best use evaluation, which does not appear in a CMA. Hou...

PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2024 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...

PSI MA Real Estate Exam Study Guide -NSREA, Real Estate Vocabulary - Appraisal: An estimate of a property's value, typically prepared by a licensed professional in this field. - Brokerage: The business of bringing together parties interested in a real estate transaction. - Commercial: Property types that include office spaces, shopping centers, stores, theaters, hotels, and parking facilities. - Development: The construction of improvements on the land. - Elevation Certificat...

PSI Real Estate Practice Exam - Michigan (Chapter 1)Designated Agent - correct answer A person authorized by the broker to act as the agent of a specific principal - common in dual agency relationships, two salespersons from the same company can represent opposite sides of the sale. Income Approach - correct answer What approach does an appraiser take primarily for an investment property? 1.) "Personal Assistant" (Answer) 2.) "Agent-Assistant" 3.) "Proxy-Agent" 4.) "Broker-Assign...