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

PSI PA State Real Estate License Exam – With All Verified Solutions (Expert Rated A+) PSI PA State Real Estate License Exam – With All Verified Solutions (Expert Rated A+) Which of the following is not a requirement of the Real Estate Settlement Procedures Act? - ANSWER-A limit is placed on the fees a lender can charge a borrower. According to the Real Estate Settlement Procedures Act, which of the following is not true? - ANSWER-Deposit money. Which of the following is in the corr...

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 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 PA State Real Estate License Exam – With 100% Verified Solutions (Rated A+) PSI PA State Real Estate License Exam – With 100% Verified Solutions (Rated A+) Requires the seller to provide notice to a purchaser about whether a structure on the land is entitled to support from the underlying coal. - ANSWER-Coal Notice Three conditions that must be met for a mobile home to be considered real estate - ANSWER-1. Mobile home is transferred in conjunction with and as a part of an assignme...

PSI PA State Real Estate Practice Exam/ 90+ Qs and Ans/ . Terms like: Burdensome disclosure requirements are readily satisfied -Mitigation controls can be enforced regardless of ownership - Answer: Benefits of the UEAC True or False Pennsylvania, has abolished the common law concepts of dower and curtesy. - Answer: True Requires the seller to provide notice to a purchaser about whether a structure on the land is entitled to support from the underlying coal. - Answer: Coal Notice T...

PSI PA State Real Estate Practice Exam/ 95 Qs with Ans/ . Terms like: Passed by the Department of Environmental Protection *Gives notice to prospective buyers that if a property is not serviced by a public sewage system and no community sewage system is available, a permit for an individual system must be obtained - Answer: Pennsylvania Sewage Facilities Act in 1994 Provides for the rehabilitation or recycling of brownfields by providing a mechanism to enforce hazard mitigation controls a...

PSI Real Estate Michigan State Licensing Exam – Complete Questions & Answers (Graded A+) PSI Real Estate Michigan State Licensing Exam – Complete Questions & Answers (Graded A+) The law regulating the licensing of occupations in Michigan is known as - ANSWER-1.) Occupational Code PA 299 of 1980. (Answer) 2.) Michigan License Act 152 of 1979. 3.) Administrative Rules for Michigan Licensing. 4.) Michigan Code of Ethics. Which of the following persons would NOT need a real estate lic...

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