PSI Real Estate Salesperson exam 1
A broker performing because the agent of a supplier:
1. Can agree to trade inside the list charge with out the principals approval
2. May proportion her commission with the salesperson of some other broker
3. Have to report all gives to the main except advised otherwise
4. Should maintain as confidential all facts the orincipalsays no longer to disclose - ANS-3. Have
to record all gives to the principal except instructed in any other case
A broker indexed a residential belongings below a legitimate written list settlement. After the
sale changed into finished, the proprietor refused to pay the agents rate. Which of the following
can the broker do?
1. She can take the seller to court docket and sue for the commission
2. She is entitled to a lien on the seller's property for the quantity of the commission
three. She can visit court docket and prevent the transaction till she is paid
4. She can gather the commission from the purchaser - ANS-1. She can take the seller to court
docket and sue for the fee
A broking listed an proprietor's home and later obtained a suggestion from some other licensee
that met all the list terms and situations. After considering the offer, the proprietor informed the
dealer that the proprietor not wished to promote, and asked to be launched from the listing
settlement without delay. Which of the following is TRUE statement approximately the brokers
position in this situation?
1. The broking must launch the proprietor without duty
2. The broking need to tell the proprietor that the offeror may also sue for specific overall
performance
3. The broker may additionally succeed in gathering an earned commission from the owner.
4. The broking might also hold the earnest money that observed the provide as liquidated
damages. - ANS-3. The broker may also reach gathering an earned commission from the
proprietor.
A Broker become employed by way of an proprietor to promote her home. Which of the
following statements does NOT effectively describe the dealer's courting to the owner?
1. The Broker has turn out to be the sellers agent
2. The Broker owes fiduciary obligation to the vendor
, three. The Broker is a special agent
4. The dealer is a widespread agent - ANS-4. The Broker is a preferred agent
A purchaser has entered into an company agreement with more than one client's agent however
best owes repayment to the one who places an actual transaction together. This arrangement is
called:
1. A couple of list agreement
2. Different right agreement
three. Different company settlement
four. Non exclusive organisation settlement - ANS-four. Nonexclusive employer settlement
A declare primarily based on unfavorable possession of belongings have to NOT be:
1. Notorious
2. Open
three. Hostile
four. Secretive - ANS-four. Secretive
A business hire that allows hire to be multiplied or decreased periodically primarily based on
changes in monetary signs is a (an):
1. Graduated hire
2. Gross hire
three. Percent hire
four. Index hire - ANS-four. Index hire
A competitive market analysis reflects the usage of the
1. Price approach
2. Income technique
3. Sale comparison technique
4. Gross hire multiplier technique - ANS-3. Sale evaluation technique
A developer became capable to buy 2 adjoining single family masses for $20,000 every. He
blended the masses into one parcel with a fee of $ninety,000. The developers moves reflects
the system of
1. Accession
2. Attachment
3. Alternate
four. Plottage - ANS-four. Plottage
A broker performing because the agent of a supplier:
1. Can agree to trade inside the list charge with out the principals approval
2. May proportion her commission with the salesperson of some other broker
3. Have to report all gives to the main except advised otherwise
4. Should maintain as confidential all facts the orincipalsays no longer to disclose - ANS-3. Have
to record all gives to the principal except instructed in any other case
A broker indexed a residential belongings below a legitimate written list settlement. After the
sale changed into finished, the proprietor refused to pay the agents rate. Which of the following
can the broker do?
1. She can take the seller to court docket and sue for the commission
2. She is entitled to a lien on the seller's property for the quantity of the commission
three. She can visit court docket and prevent the transaction till she is paid
4. She can gather the commission from the purchaser - ANS-1. She can take the seller to court
docket and sue for the fee
A broking listed an proprietor's home and later obtained a suggestion from some other licensee
that met all the list terms and situations. After considering the offer, the proprietor informed the
dealer that the proprietor not wished to promote, and asked to be launched from the listing
settlement without delay. Which of the following is TRUE statement approximately the brokers
position in this situation?
1. The broking must launch the proprietor without duty
2. The broking need to tell the proprietor that the offeror may also sue for specific overall
performance
3. The broker may additionally succeed in gathering an earned commission from the owner.
4. The broking might also hold the earnest money that observed the provide as liquidated
damages. - ANS-3. The broker may also reach gathering an earned commission from the
proprietor.
A Broker become employed by way of an proprietor to promote her home. Which of the
following statements does NOT effectively describe the dealer's courting to the owner?
1. The Broker has turn out to be the sellers agent
2. The Broker owes fiduciary obligation to the vendor
, three. The Broker is a special agent
4. The dealer is a widespread agent - ANS-4. The Broker is a preferred agent
A purchaser has entered into an company agreement with more than one client's agent however
best owes repayment to the one who places an actual transaction together. This arrangement is
called:
1. A couple of list agreement
2. Different right agreement
three. Different company settlement
four. Non exclusive organisation settlement - ANS-four. Nonexclusive employer settlement
A declare primarily based on unfavorable possession of belongings have to NOT be:
1. Notorious
2. Open
three. Hostile
four. Secretive - ANS-four. Secretive
A business hire that allows hire to be multiplied or decreased periodically primarily based on
changes in monetary signs is a (an):
1. Graduated hire
2. Gross hire
three. Percent hire
four. Index hire - ANS-four. Index hire
A competitive market analysis reflects the usage of the
1. Price approach
2. Income technique
3. Sale comparison technique
4. Gross hire multiplier technique - ANS-3. Sale evaluation technique
A developer became capable to buy 2 adjoining single family masses for $20,000 every. He
blended the masses into one parcel with a fee of $ninety,000. The developers moves reflects
the system of
1. Accession
2. Attachment
3. Alternate
four. Plottage - ANS-four. Plottage
