PSI NJ Real Estate Exam, PSI Practice Test Accurate 100%
Water Rights - ANSWER The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is - ANSWER an agent to the broker and a subagent to the principal. Depreciation is calculated based on the - ANSWER Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title is held by the - ANSWER mortgagor A competitive market analysis is MOST often used for - ANSWER setting a listing price A seller tells the listing agent that her home was treated for termites 10 years ago, so there are no termites now. Before listing the property, the agent should - ANSWER tell the seller not to disclose, because the statute of limitations has run out. All of the following are methods to calculate the reproduction or replacement cost of a building EXCEPT the - ANSWER straight-line method
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