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Exam (elaborations)

PSI Real Estate Exam – Property Ownership Vocabulary – Study Guide Questions & Answers

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This document provides a vocabulary-focused study guide for the PSI Real Estate Exam, centered on property ownership concepts. It includes key terms, definitions, and practice questions with answers to reinforce understanding of real estate terminology. The material is ideal for exam preparation and revision, helping learners master essential vocabulary and concepts.

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Institution
Real Estate
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PSIExam
PSI Real Estate Real Property
Estate Exam Vo cabulary
Ownership Vocabulary Study Guide Questions & Answers Exam Prep
Study this set o nline at: https://www.cram.co m/flashcards/psi-real-estate-exam-
vo cabulary-3479422




I nchoate I ncompl ete or a ri ght not yet perf ected




Li cense Revocabl e permi ssi on to use another's l and




T rade F i xtures A commerci al tenant's removabl e f i xtures




No ri ght of survi vorshi p where the hei rs i nheri t the deceased person's percentage
T enancy i n Common
of ownershi p




1

, PSIExam
PSI Real Estate Real Property
Estate Exam Vo cabulary
Ownership Vocabulary Study Guide Questions & Answers Exam Prep
Study this set o nline at: https://www.cram.co m/flashcards/psi-real-estate-exam-
vo cabulary-3479422




Novati on Contractual substi tuti on of obl i gati ons f rom one party to another




Li s pendens Lati n f or "l i ti gati on type acti on" i s pendi ng




JT WROS Joi nt T enancy wi th the ri ght of Survi vorshi p




Appurtenance Somethi ng "i n addi ti on to" such as a ri ght of way across someone el se's property




2
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Uploaded on
April 25, 2026
Number of pages
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Written in
2025/2026
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Questions & answers

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  • psi real estate exam property ownership vocabul
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