PSI exam| 263 questions| with complete solutions

what would prevent a seller from providing marketable title correct answer: 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 correct answer: This is illegeal according to respa If a license mentions MLS when advertising, the advertisement must include correct answer: the name of the MLS According to the New Jersey Real estate Licensing Laws, which of the following is a requirement for any advertisement made by a salesperon correct answer: Name of the salesperson firm A license may use the term "Realtor" or "realtor associate" only if the licensee is correct answer: a member of the national association of realtors Which of the following would automatically be included in the sale of property correct answer: Plumbing fixtures a seller is offering his property for sale in as is condition. a buyer enters into a contract with the seller. The buyer correct answer: can void the contract due to the sellers failure to disclose the latent defect Maintains a real estate agency and terminated two salespersons, in this situation, the broker is required to take all the following steps except correct answer: Permit them to remove original sales and listing contracts from the brokers office What should buyers insert into the purchase offer to make sure they would not have to go through with the purchase if t