Ps istuvia Study guides, Class notes & Summaries
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PSI NJ Real Estate Exam, PSI Practice Test 2023-2024 Questions & Answers 100% Accurate
- Exam (elaborations) • 13 pages • 2023
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Water Rights - ANSWER-The terms "littoral," "riparian," and "appropriative" refer to 
 
A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is - ANSWER-an agent to the broker and a subagent to the principal. 
 
Depreciation is calculated based on the - ANSWER-Cost of the building only. 
 
When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title is held by the - ANSWER-mortgagor 
 
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