PSI// PSI Practice Exam Attempt 1 Questions and Answers|LATEST UPDATE 2023

PSI// PSI Practice Exam Attempt 1 Questions and Answers|LATEST UPDATE 2023 A contract for the sale of a home has been signed by both parties. This contract will remain executory until... - ANSWER-the transaction has closed A deed restriction is applicable to the activities of... - ANSWER-all owners, present and future Even if a loan applicant's current income seems adequate to qualify for a certain loan, the Equal Credit Opportunity Act allows a lender to refuse the loan as a high risk if the applicant's main source of income is... - ANSWERcommission sales Prospective buyers made an offer on a property. The seller did NOT accept, but made a counteroffer. The prospective buyers signed the counteroffer and the real estate agent delivered their acceptance to the seller. In the interim, the same buyers had found another house that they liked better and made an offer on it, which was accepted. Which of the following is TRUE? - ANSWERBoth contracts are valid. An exclusive right to sell listing obtained by a broker associate belongs to... - ANSWER-the employing broker only.