PSI PA State Real Estate Practice Exam
Questions and Answers Rated 100%
Correct
Charges permitted by the Pennsylvania Municipalities Planning Code to help defray the cost of
streets to keep up with development answer - Impact Fees
Went into effect in July 2004, as prescribed by the Pennsylvania Construction Code Act that was
passed in 1999. *In addition to satisfying the purpose of construction codes, the act encourages
the use of state-of-the-art construction methods and systems and eliminates existing codes that
are obsolete, overly restrictive, or conflicting. answer - Uniform Construction Code (UCC)
Overseas PA's environmental laws answer - Department of Environmental Protection
Passed by the Department of Environmental Protection *Gives notice to prospective buyers that
if a property is not serviced by a public sewage system and no community sewage system is
available, a permit for an individual system must be obtained answer - Pennsylvania Sewage
Facilities Act in 1994
Provides for the rehabilitation or recycling of brownfields by providing a mechanism to enforce
hazard mitigation controls and ease concerns about the future liability associated with
contaminated properties answer - Uniform Environmental Covenants Act (UEAC), which took
effect in February 2008
Burdensome disclosure requirements are readily satisfied -Mitigation controls can be enforced
regardless of ownership answer - Benefits of the UEAC
,True or False Pennsylvania, has abolished the common law concepts of dower and curtesy.
answer - True
Created when the person claiming the easement has made use of another's land for 21 years in
PA. The claimant's use must have been continuous, exclusive, and without the owner's approval.
Through the principle of tacking (discussed in Unit 5), successive periods of adverse possession
by different adverse possessors can be combined so that a person who is not in possession for
the entire statutory time may establish a claim.The use must be visible, open, and notorious,
that is, the owner must have been able to learn of it. The claimant is entitled to assert a right to
use the property and cannot claim ownership. Prescriptive easements cannot usually be
acquired on public land. answer - Easement by Prescription
The Pennsylvania Landlord/Tenant Act also specifies the time period that is required for notice
in a variety of circumstances answer - Normally, one week's notice is required to terminate an
estate from week to week; one month's notice is required to terminate an estate from month to
month; and three months' notice is required to terminate an estate from year to year.
True or False The statute of frauds in Pennsylvania requires contracts for more than two years
duration to be in writing. answer - False, contracts for more than three years duration are
required to be in writing. However a written agreement can be used for any period of time.
In Pennsylvania, the law requires payment of transfer taxes on leases that run for more than a
total of ____ years. answer - 30
Limits on Security Deposits answer - 1st Year-the maximum amount of the security deposit
cannot exceed a sum equivalent to two months' rent 2nd Year-the amount drops to a sum
equivalent to one month's rent During years 2-5-the landlord may increase the amount of
security deposit, following the same monthly equivalency formula, to keep pace with increasing
rents After 5 years- the landlord cannot increase the amount of security deposit.
Pennsylvania law permits a landlord to purchase a guarantee, or surety, bond to guarantee the
return of a security deposit to the tenant. The landlord may exercise this option in lieu of
, escrowing a security deposit in a financial institution. The landlord must return the amount of
the bond (including any interest) less the cost of any necessary repairs to the tenant at the end
of the lease term. answer - Bond in lieu of escrowing
Tenants in certain situations must be given an explanation of rights informing them of the
consequence of confession of judgment when they sign a lease that contains this clause.
answer - Confession of Judgement
In Pennsylvania, only a memorandum of lease is filed. A memorandum of lease gives notice of
the interest but does not disclose the terms of the lease to the public. Only the names of the
parties and a description of the property are included. answer - Recording a lease
The theory of this warranty is that the lessor who leases residential premises warrants that the
premises shall be fit for habitation. If the tenant proves that the premises are not fit for
habitation, the court can order a reduction or cessation of rental payment. answer - Warranty
of habitability
Contains remedies for landlords if a lease is in default and rules of civil procedures for district
justices in these cases answer - Landlord and Tenant Act of 1951
Prohibits unfair practices in the conduct of commerce, also provides remedies for tenants of
residential property. answer - Pennsylvania Consumer Protection Law
Race, color, religion, national origin, sex, age (40 years old or older), handicap, use of guide or
support animals due to a handicap or disability, or familial status, are all protected under what
Act? answer - All persons must have access to housing of their choice under the Pennsylvania
Human Relations Act
Legal forms of ownership in PA answer - In Severality or concurrently as Joint Tenents or
Tenents in Common, if married as Tenants in the Entireties. In addition, corporations and
partnerships can hold title, and title can be held in trust
Questions and Answers Rated 100%
Correct
Charges permitted by the Pennsylvania Municipalities Planning Code to help defray the cost of
streets to keep up with development answer - Impact Fees
Went into effect in July 2004, as prescribed by the Pennsylvania Construction Code Act that was
passed in 1999. *In addition to satisfying the purpose of construction codes, the act encourages
the use of state-of-the-art construction methods and systems and eliminates existing codes that
are obsolete, overly restrictive, or conflicting. answer - Uniform Construction Code (UCC)
Overseas PA's environmental laws answer - Department of Environmental Protection
Passed by the Department of Environmental Protection *Gives notice to prospective buyers that
if a property is not serviced by a public sewage system and no community sewage system is
available, a permit for an individual system must be obtained answer - Pennsylvania Sewage
Facilities Act in 1994
Provides for the rehabilitation or recycling of brownfields by providing a mechanism to enforce
hazard mitigation controls and ease concerns about the future liability associated with
contaminated properties answer - Uniform Environmental Covenants Act (UEAC), which took
effect in February 2008
Burdensome disclosure requirements are readily satisfied -Mitigation controls can be enforced
regardless of ownership answer - Benefits of the UEAC
,True or False Pennsylvania, has abolished the common law concepts of dower and curtesy.
answer - True
Created when the person claiming the easement has made use of another's land for 21 years in
PA. The claimant's use must have been continuous, exclusive, and without the owner's approval.
Through the principle of tacking (discussed in Unit 5), successive periods of adverse possession
by different adverse possessors can be combined so that a person who is not in possession for
the entire statutory time may establish a claim.The use must be visible, open, and notorious,
that is, the owner must have been able to learn of it. The claimant is entitled to assert a right to
use the property and cannot claim ownership. Prescriptive easements cannot usually be
acquired on public land. answer - Easement by Prescription
The Pennsylvania Landlord/Tenant Act also specifies the time period that is required for notice
in a variety of circumstances answer - Normally, one week's notice is required to terminate an
estate from week to week; one month's notice is required to terminate an estate from month to
month; and three months' notice is required to terminate an estate from year to year.
True or False The statute of frauds in Pennsylvania requires contracts for more than two years
duration to be in writing. answer - False, contracts for more than three years duration are
required to be in writing. However a written agreement can be used for any period of time.
In Pennsylvania, the law requires payment of transfer taxes on leases that run for more than a
total of ____ years. answer - 30
Limits on Security Deposits answer - 1st Year-the maximum amount of the security deposit
cannot exceed a sum equivalent to two months' rent 2nd Year-the amount drops to a sum
equivalent to one month's rent During years 2-5-the landlord may increase the amount of
security deposit, following the same monthly equivalency formula, to keep pace with increasing
rents After 5 years- the landlord cannot increase the amount of security deposit.
Pennsylvania law permits a landlord to purchase a guarantee, or surety, bond to guarantee the
return of a security deposit to the tenant. The landlord may exercise this option in lieu of
, escrowing a security deposit in a financial institution. The landlord must return the amount of
the bond (including any interest) less the cost of any necessary repairs to the tenant at the end
of the lease term. answer - Bond in lieu of escrowing
Tenants in certain situations must be given an explanation of rights informing them of the
consequence of confession of judgment when they sign a lease that contains this clause.
answer - Confession of Judgement
In Pennsylvania, only a memorandum of lease is filed. A memorandum of lease gives notice of
the interest but does not disclose the terms of the lease to the public. Only the names of the
parties and a description of the property are included. answer - Recording a lease
The theory of this warranty is that the lessor who leases residential premises warrants that the
premises shall be fit for habitation. If the tenant proves that the premises are not fit for
habitation, the court can order a reduction or cessation of rental payment. answer - Warranty
of habitability
Contains remedies for landlords if a lease is in default and rules of civil procedures for district
justices in these cases answer - Landlord and Tenant Act of 1951
Prohibits unfair practices in the conduct of commerce, also provides remedies for tenants of
residential property. answer - Pennsylvania Consumer Protection Law
Race, color, religion, national origin, sex, age (40 years old or older), handicap, use of guide or
support animals due to a handicap or disability, or familial status, are all protected under what
Act? answer - All persons must have access to housing of their choice under the Pennsylvania
Human Relations Act
Legal forms of ownership in PA answer - In Severality or concurrently as Joint Tenents or
Tenents in Common, if married as Tenants in the Entireties. In addition, corporations and
partnerships can hold title, and title can be held in trust
