PSI Real Estate

PSI Real Estate Exam: Financing Questions and Answers with complete solution

PSI REAL ESTATE SALESPERSON PRACTICE EXAM 2023

PSI Real Estate Exam: Practice of Real Estate Questions and Answers/ Graded A

PSI Real Estate Salesperson exam 1 questions and answers

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...

(Answered) PSI Real Estate Exam - Transfer of Title Acknowledgment When a person who has signed a document formally declares to an authorized official (usually a notary public) that he or she signed voluntarily. The official certifies that the signature is voluntary and genuine. Adverse Possession Acquiring title to someone else's real property by possession of it. The possession must be open and notorious, hostile and adverse, exclusive, and continuous for more than 21 years. Bargain and Sa...

Chain of Title correct answersThe historical records of all owners and encumbrances of a specific parcel of real estate is known as Property Disclosure Force correct answersBefore making an offer on a property, the buyer should have received and read Usury Laws correct answersLaws that determine the maximum interest rate a lender can charge are known as Option Contract correct answersA contract in which one party purchases the right to buy at a fixed price within a specified period is ...

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 property inspection process MUST licensees convey to prospective buyers? 1. Difficulty of finding competent insp...

PSI Real Estate Salesperson exam 1 Questions with Verified Solutions (2023) 68 Questions

(Answered) PSI Real Estate Exam - Valuation and Market Analysis Amenity A tangible or intangible feature that enhances and adds value to real estate. Arm's Length Transaction A transaction that occurred under typical conditions in the marketplace where each of the parties were acting in their own best interests. Assemblage The combining of two or more parcels of land into one larger parcel. Balance A condition that exists in the real estate market when there are slightly more homes available...