Psi National Real Estate Questions With
Answers Verified By Experts
A seller is listing their $350,000 house. They state their property tax bill is $1,110 per year. What
should the agent do? Verify the information with the county
A home warranty will typically provide coverage for which of the following: Electrical
and plumbing systems
The local governments have authority to ensure that properties are being built properly. Under
the authority of police power, the government can adapt and implement: Construction
standards
A married couple owns a property together as tenancy in entirety. Which of the following about
selling a property as tenancy in entirety is true? Both spouses must sign the conveyance
What statement is true about asbestos removal Encapsulation is the safest tactic
An easement is The right to use another's land
The amount to list a property is best determined by: Competitive Market Analysis (CMA)
, Interest on a security deposit Starts: The month the Property Manager receives the
security deposit
Racial discrimination is allowed: NEVER
An agent goes door knocking in a subdivision. As part of his presentation, he makes
mention of the fact that many families with children are moving into the area and that house
prices are rising. He then recommends the owner should sell because he has a nice quiet
subdivision of older, mature families that are quiet. Is this discrimination Yes- he is
blockbusting by playing on the fears of consumers of protected class.
The purpose of an Agency Disclosure is: To inform the consumer of their representation
choices
The purpose of Regulation Z is: Disclose loan costs
interest rates on credit cards, loans, car loans, etc. are established by: Usury
The ways to terminate an Agency Agreement include all except: Unilateral cancellatio
Title Insurance covers all matters that are: Itemized on the title report
A purchaser in the secondary mortgage market is Federal National Mortgage Association
Answers Verified By Experts
A seller is listing their $350,000 house. They state their property tax bill is $1,110 per year. What
should the agent do? Verify the information with the county
A home warranty will typically provide coverage for which of the following: Electrical
and plumbing systems
The local governments have authority to ensure that properties are being built properly. Under
the authority of police power, the government can adapt and implement: Construction
standards
A married couple owns a property together as tenancy in entirety. Which of the following about
selling a property as tenancy in entirety is true? Both spouses must sign the conveyance
What statement is true about asbestos removal Encapsulation is the safest tactic
An easement is The right to use another's land
The amount to list a property is best determined by: Competitive Market Analysis (CMA)
, Interest on a security deposit Starts: The month the Property Manager receives the
security deposit
Racial discrimination is allowed: NEVER
An agent goes door knocking in a subdivision. As part of his presentation, he makes
mention of the fact that many families with children are moving into the area and that house
prices are rising. He then recommends the owner should sell because he has a nice quiet
subdivision of older, mature families that are quiet. Is this discrimination Yes- he is
blockbusting by playing on the fears of consumers of protected class.
The purpose of an Agency Disclosure is: To inform the consumer of their representation
choices
The purpose of Regulation Z is: Disclose loan costs
interest rates on credit cards, loans, car loans, etc. are established by: Usury
The ways to terminate an Agency Agreement include all except: Unilateral cancellatio
Title Insurance covers all matters that are: Itemized on the title report
A purchaser in the secondary mortgage market is Federal National Mortgage Association
