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PSI National Exam for Real Estate Questions and Answers 100% Pass
PSI National Exam for Real Estate Questions and Answers 100% Pass A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called - Correct Answer️️ -a contract Antitrust laws prohibit competing brokers from all of the following - Correct Answer️️ - 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, ...
- Exam (elaborations)
- • 62 pages •
PSI National Exam for Real Estate Questions and Answers 100% Pass A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called - Correct Answer️️ -a contract Antitrust laws prohibit competing brokers from all of the following - Correct Answer️️ - 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, ...
National Real Estate Exam Practice Questions and Answers 100% Pass
National Real Estate Exam Practice Questions and Answers 100% Pass A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... - Correct Answer️️ -improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? - Correct Answer️️ -riparian A tenant is aware that his lease will expire at the end o...
- Exam (elaborations)
- • 28 pages •
National Real Estate Exam Practice Questions and Answers 100% Pass A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... - Correct Answer️️ -improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? - Correct Answer️️ -riparian A tenant is aware that his lease will expire at the end o...
PSI REAL ESTATE SALESPERSON PRACTICE EXAM QUESTIONS AND ANSWERS 100% PASS
PSI REAL ESTATE SALESPERSON PRACTICE EXAM QUESTIONS AND ANSWERS 100% PASS A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an advance fee listing. - Correct Answer️️ -an exclusive agency listing What critical aspect of the property inspection pro...
- Exam (elaborations)
- • 29 pages •
PSI REAL ESTATE SALESPERSON PRACTICE EXAM QUESTIONS AND ANSWERS 100% PASS A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an advance fee listing. - Correct Answer️️ -an exclusive agency listing What critical aspect of the property inspection pro...
PSI Real Estate Salesperson exam 1 Questions and Answers
PSI Real Estate Salesperson exam 1 Questions and Answers Which of the following would NOT be considered Real Property? 1. Mineral Rights 2. A Leasehold Estate 3. Fixtures 4. Air - Correct Answer️️ -2. A Leasehold Estate The servient estate in an easement appurtenant is the property 1. owned by the landlord 2. on which the easement is placed 3. owned by the tenant 4. that benefits from the easement - Correct Answer️️ -2. on which the easement is placed Which of the following ...
- Exam (elaborations)
- • 23 pages •
PSI Real Estate Salesperson exam 1 Questions and Answers Which of the following would NOT be considered Real Property? 1. Mineral Rights 2. A Leasehold Estate 3. Fixtures 4. Air - Correct Answer️️ -2. A Leasehold Estate The servient estate in an easement appurtenant is the property 1. owned by the landlord 2. on which the easement is placed 3. owned by the tenant 4. that benefits from the easement - Correct Answer️️ -2. on which the easement is placed Which of the following ...
Real Estate Salesperson exam Questions and Answers
Real Estate Salesperson exam Questions and Answers What agency issues real estate licenses? - Correct Answer️️ -New York State Dept of State (NYDOS) Division of Services At what age can you become a real estate sales person? - Correct Answer️️ -18 Do you need experience in the field to become a salesperson? - Correct Answer️️ -No What is the minimum age to become a real estate broker? - Correct Answer️️ -20 Do you need experience in the field to become a broker? - Correct ...
- Exam (elaborations)
- • 18 pages •
Real Estate Salesperson exam Questions and Answers What agency issues real estate licenses? - Correct Answer️️ -New York State Dept of State (NYDOS) Division of Services At what age can you become a real estate sales person? - Correct Answer️️ -18 Do you need experience in the field to become a salesperson? - Correct Answer️️ -No What is the minimum age to become a real estate broker? - Correct Answer️️ -20 Do you need experience in the field to become a broker? - Correct ...
National Real Estate Exam Prep Questions and Answers
National Real Estate Exam Prep Questions and Answers Unilateral Contract - Correct Answer️️ -Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract - Correct Answer️️ -Contract containing TWO promises. Example: A listing agreement is a bilateral contract Client/Principal - Correct Answer️️ -A person who has entered into an agency relationship w/ a licensee & with whom there is a written contract Customer - Correct Ans...
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- Exam (elaborations)
- • 13 pages •
National Real Estate Exam Prep Questions and Answers Unilateral Contract - Correct Answer️️ -Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract - Correct Answer️️ -Contract containing TWO promises. Example: A listing agreement is a bilateral contract Client/Principal - Correct Answer️️ -A person who has entered into an agency relationship w/ a licensee & with whom there is a written contract Customer - Correct Ans...