Psi real estate exam Study guides, Class notes & Summaries

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 questions n answers graded A+ passed

PSI REAL ESTATE SALESPERSON PRACTICE EXAM 2023/2024 QUESTIONS AND ANSWERS

PSI Real Estate State Exam (NJ) Updated C. an involuntary lien - correct answer When a land owner uses his land as security for a loan, the encumbrance created is called. C. Question the seller to any known defects - correct answer If an owner wants to list a property for sale "as is," the listing agent should A. licensee must hold a timeshare license - correct answer According to the New Jersey Real Estate Time Share Act, if a licensee is selling a timeshare located within the state of...

Psi real estate exam with answers graded A+ already passed

PSI Exam Questions and Answers 100% Correct| Latest 2024 what would prevent a seller from providing marketable title Mechanics lien the seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estate commission, increasing the sellers net proceeds This is illegeal according to respa If a license mentions MLS when advertising, the advertisement must include the name of the MLS According to the New Jersey Real estate Licen...

PSI REAL ESTATE SALESPERSON PRACTICE EXAM

PSI Real Estate Exam (MD State Portion) With 100% Correct Answers Real Estate brokerage is govern by: - answer1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: - answerFor consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - S...

PSI REAL ESTATE SALESPERSON PRACTICE EXAM/A+ Rated/2024 PSI REAL ESTATE SALESPERSON PRACTICE EXAM/A+ Rated/2024 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. an exclusive agency listing What critical aspect of the prop...

PSI REAL ESTATE SALESPERSON EXAM 1 2023 ACTUAL UPDATE ALL DONE SOLUTION Which of the following would NOT be considered Real Property? The servient estate in an easement appurtenant is the property Which of the following statements concerning encumbrances is NOT true Which of the following is not a specific lien? You have entered into a lease that requires you to pay 20% of the owners expenses. Your lease would be an example of If a husband and wife own an apartment buil...