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

PSI Real Estate Practice Exam - Michigan (Chapter 1) Graded A+ Designated Agent ️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 ️What approach does an appraiser take primarily for an investment property? 1.) "Personal Assistant" (Answer) 2.) "Agent-Assistant" 3.) "Proxy-Agent" 4.) "Broker-Assignee" ️Ch...

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...

National PSI Exam Practice Test Latest Update with Verified Solutions 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 ...

NATIONAL PSI EXAM PRACTICE TEST ANSWERED 100% CORRECTLY 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 - answerA. 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-in...

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 EXAM QUESTIONS AND ANSWERS Severance - ANS the performance of turning real property into personal property What is the main difference between tenancy in common and joint tenancy is that with tenancy in common, when a co-owner dies? - ANS 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? - ANS...

PSI PA REAL ESTATE EXAM Questions 2023 Solution Severance- CORRECT ANS - 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?- CORRECT ANS - 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...

PSI Real Estate Advanced Exam 2024. Bilateral - ANSWER What is a type of contract in which two parties are legally bound to act? Functional Obsolence - ANSWER What is one kind of real property depreciation caused by poor design? Grantee - ANSWER What is the name of the party who aquires the title to real property in a deed? Biennial - ANSWER What is one word that indicates how often a PA salesperson's license is required to be renewed? Testate - ANSWER What is the condition called ...

PSI Real Estate Exam Knowledge Check with complete solutions | Latest 2023/2024 What is a type of contract in which two parties are legally bound to act? ️ Bilateral What is one kind of real property depreciation caused by poor design? ️ Functional Obsolence What is the name of the party who aquires the title to real property in a deed? ️ Grantee What is one word that indicates how often a PA salesperson's license is required to be renewed? ️ Biennial What is the condition calle...

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...