Psi pa real estate - Study guides, Class notes & Summaries

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 landlor...

PSI PA Real Estate Practice Exam Questions and Answers 2023 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 eve...

A business name used by a broker must - ANSWER be the same as on the licensed issued Misleading advertising is - ANSWER prohibited Advertising must include - ANSWER the broker's business name What is a blind ad? - ANSWER Failing to include a broker's business name Advertising must include the employing broker's business name and -

PSI PA REAL ESTATE EXAM

Severance - ANSWER 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? - ANSWER 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? - ANSWER Tenancy at will Although states make spec...

PSI PA STATE REAL ESTATE PRACTICE EXAM

Severance - ANSWER 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? - ANSWER 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? - ANSWER Tenancy at will Although states make spec...