PSI National Real Estate|Exams|Test Bank|SALESPERSON EXAM 1| practice test 1|MD State Portion|Broker Exam prep|PSI Exam|National Real Estate Exam Practice Tests/Exam Prep|Real Estate State Practice 2/Final Exam (150 Questions) #1/Alberta Real Estate Funda

Real Estate Practice Exam Questions Answered 100% Correctly 2024 1. Brokerage definition... the business practice of bringing together the parties in a practice. 2. What are two examples of special use property? schools and cemetary 3. What is an example of functional obsolescence? bathroom 4...

Real Estate Final Exam (150 Questions) #1| Answered 100% Correctly| Updated 2024 A real estate licensee has a buyer agency agreement. What is the seller in this situation? A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee ...

NATIONAL REAL ESTATE EXAM PRACTICE TEST Answered 100% Correctly 2024 In most cases, broker compensation, as a percentage of home price, falls somewhere between: 5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is th...

National Real Estate Exam Practice Questions and Answers, 100% Correct| Latest 2024 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... improvements A property owner has a w...

National Real Estate Exam Prep Answered 100% Correctly 2024 Unilateral Contract Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract Contract containing TWO promises. Example: A listing agreement is a bilateral contract Client/Pri...

PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2024 A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called a contract Antitrust laws prohibit competing brokers from all of the following 1. boycotting other brokers in the marke...

PSI NATIONAL REAL ESTATE QUESTIONS Answered 100% Correctly| Latest 2024 A legal description in land that includes language like "the old oak tree" or "the big rock" would be Metes and bounds As a licensee is showing a property contiguous to a lake, the licensee notices that the lake has...

PSI REAL ESTATE SALESPERSON EXAM 1| ACTUAL EXAM ANSWERED 100% CORRECTLY| LATEST 2024 Which of the following would NOT be considered Real Property? 1. Mineral Rights 2. A Leasehold Estate 3. Fixtures 4. Air 2. A Leasehold Estate The servient estate in an easement appurtenant is the property 1...

National PSI EXAM PRACTICE TEST Answered 100% Correctly| Latest 2024 Real Estate law governing advertising applies to all of these EXCEPT: A. In house notes for showing B. Multiple listing service (MLS) C. communications with consumers D. Social Media A. In-house notes for showing are not see...

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 e...

PSI national real estate exam practice test 1| Actual exam answered 100% Correctly| Latest 2024 All of the following would be considered real property EXCEPT a leasehold estate The servient estate in an easement appurtenant is the property on which the easement is placed Which of the following ...

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 sel...

Real Estate State Practice 2/Answered 100% Correctly/Latest 2024 In which of the following would prevent a seller from providing marketable title? Mechanic's Lien The seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estat...

PSI Real Estate Exam (MD State Portion) Latest 2024 Graded A+ Real Estate brokerage is govern by: 1. 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: F...