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

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...

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...

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 LICENSING EXAM || With Complete Questions & Answers (Rated A+) PSI PA REAL ESTATE LICENSING EXAM || With Complete Questions & Answers (Rated A+) Define the term brokerage - ANSWER-the business practice of bringing together the parties in a transaction condemnation - ANSWER-the right to legally start eminent domain - ANSWER-the right of government to take private property for public use bundle of rights - ANSWER-disposition, exclusion, enjoyment, possession, contro...

PSI PA REAL ESTATE EXAM

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 REAL ESTATE EXAM WITH COMPLETE SOLUTION

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...

PSI PA State Real Estate Practice Exam Questions With Complete Solutions To Score A+