Psi real estat - Study guides, Class notes & Summaries

Broker o :## Individual licensed to charge the public for real estate services Broker-Salesperson o :## Fully qualified broker who remains under another broker's services Bureau of Subdivided Land Sales Control o :## State agency that approves and registers some out-of- state property Continuing education o :## Classes required for license renewal Guaranty Fund o :## Reimburses people defrauded or badly served by licensees in real estate transactions New Jersey real estate commission ...

PSI REAL ESTATE SALESPERSON CERTIFICATION EXAM || Questions & Answers (Graded A+) PSI REAL ESTATE SALESPERSON CERTIFICATION EXAM || Questions & Answers (Graded A+) In the sale of property, there is often confusion over whether an item is a fixture or personal property. What is the best way to avoid this confusion? 1. Apply the legal tests of a fixture. 2. Apply local court decisions dealing with similar items. 3. Specify questionable items of property in the written sales contract. 4. ...

The ability of the government to acquire real property against the owner for the benefit of the public. o :## Eminent Domain When real property is conveyed to a party through a will. the real property is referred by what term? o :## Devise What is the most complete estate in real property? o :## Fee Simple What is an exaggerated term from a real estate agent,that would be considered not true? o :## Puffing What is the process of arriving at a final market value conclusion from the es...

PSI Real Estate Exam (MD State Portion) (verified 100%)

Lien - Answer a monetary encumbrance that asserts the lienholder has a creditor's claim to a specific monetary interest in the property's value. Priority of liens - Answer for payment after a voluntary or forced property sale typically goes by date of recordation from first to the most recent. Property Tax Liens - Answer Which lien is ALWAYS superior to other liens?

Colorado Law and Practice - Psi Real Estate Exam Already Passed Abandonment Non-payment of taxes Abstract of title A history of the ownership of parcel of land which lists transfers of title, rights, and liabilities. Acceleration Clause Upon default, all the principal installments come due to immediately Accesion owner of land is entitled to all the soil produces or all that is added to the land either intentionally or by mistake. Trade fixtures not removed are "assessed" by the owner of th...

PSI Real Estate Salesperson Exam – With Questions & All Accurate Answers (Rated A+) PSI Real Estate Salesperson Exam – With Questions & All Accurate Answers (Rated A+) A subject property is an older home with four bedrooms and one bathroom. However, the surrounding neighborhood primarily consists of new construction with four bedrooms and three bathrooms. What can be said of the subject property? - ANSWER-The subject property is worth less because of functional obsolescence The acrony...

SC PSI Real Estate Exam Prep Questions and Answers Which of the following describes the term appreciation? - Correct Answer ️️ -An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - Correct Answer ️️ -An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: - Correct Answer ️️ -Balloon mortgage The following reason accounts for why b...

PSI Real Estate Exam 2018 Michigan with latest update

Easements by prescription - Answer Acquired when the claimant has made the use of anothers land for the prescriptive period. The claimant must have been continuous without owners approval, visible, open and notorious. Encroachments - Answer Illegal extensions of a building or some other improvements, such as a wall or fence, beyond the boundaries of the land of its owners and onto the land of an adjoining owner.