PSI Exam Prep Oregon Real Estate Review Questions and answers, graded A+/ verified.| latest update 2024/25|

PSI Exam Prep Oregon Real Estate Review Questions and answers, graded A+/ verified. A borrower has defaulted on the mortgage. The mortgage contains an acceleration clause. This permits the lender to - -demand immediate payment of the entire note. A broker has brought a ready, willing, and able buyer to a seller. In MOST listing contracts, the broker has earned his commission when - -the seller accepts the offer. A broker lists a property, with a listing contract allowing subagency and dual agency. One of the broker's salespersons shows the property. The salesperson would be classified as - -a subjacent of the seller. A broker says, while showing a rural property, "This property has the world's purest well water." This would be an example of - -an expression of opinion, or puffing, which could lead to misrepresentation. A broker supplies the financing for a project to build condominiums with the stipulation that he has the exclusive right to sell the completed condos. Which of the following BEST describes this relationship? - -Agency coupled with an interest. A broker, acting as agent for the seller, presents an offer to buy from the broker's former college roommate. The broker knows that the buyer will increase the amount of the offer in the seller turns down the offer. When presenting the offer, the broker should - -tell the seller that the buyer will pay more. A buyer is getting a fully amortized loan for $220,000. The bank will give the buyer the loan for 15 years at 5 1/2% or for 30 years at 6 1/2%. To the nearest cent, what is the difference between the monthly payments for these two loans? (BE SURE TO USE THE AMORTIZATION TABLE.) - -$409.20 A company agrees to lease a property to be used as a gambling casino. State laws prohibit gambling. This particular contract would be legally defined as - -void.