PSI NATIONAL REAL ESTATE QUESTIONS WITH ANSWERS

PSI /




NATIONAL
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REAL
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ESTATE QUESTIONS WITH ANSWERS
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A /



legal
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description
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in
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land
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that
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includes
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language
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like "the
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old
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oak
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tree"
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or "the
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big
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rock" would be - CORRECT ANSWERS(S)✔✔Metes and bounds
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As //



a /

,licensee
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is
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showing
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a /



property
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contiguous
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to
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a /



lake,
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the
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licensee
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notices that the lake has a large amount of algae. The buyer wishes
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to
// /



make
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an
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offer.
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What
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should
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the
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licensee
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do? -
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CORRECT
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ANSWERS(S)✔✔Encourage
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the
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buyer to have an authoritative party investigate the algae growth.
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,All /



the
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following
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are
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protected
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classifications except - CORRECT ANSWERS(S)✔✔Homosexuals
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As /



licensees
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usually
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work as independent contractors, a broker will have a contract
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for /



the
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independent
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contractor
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which
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(for
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federal
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purposes)
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must
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outline -
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CORRECT
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ANSWERS(S)✔✔Statement
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that FICA (taxes) are the associates responsibility
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, In //



a /



rescission
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agreement: -
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CORRECT
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ANSWERS(S)✔✔All
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parties return to original position and earnest money is refunded
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Agent //



A /



has
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been
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working
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at
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Brokerage
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for
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4 /



years.
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Agent
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has
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listed
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and
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sold
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many
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but
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desires
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to
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