12/20/23,vc7:43 TestvcBankvcForvcAdvancedvcPhysiologyvcandvcPathophysiologyvcEs
vcPM sentialsvcforvcC…
AFFILIATE BROKER TN
NATIONAL EXAM
PRACTICE (PSI) Q AND A
1.vcThevcfewervcpropertiesvconvcthevcmarket,vcthevcgreatervcthevcsca
rcity.vcWhat'svcthevceffectvconvcprices?vc-vcanswer--
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·vcInversevccondemnation
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, 12/20/23,vc7:43 TestvcBankvcForvcAdvancedvcPhysiologyvcandvcPathophysiologyvcEs
vcPM sentialsvcforvcC…
1.vcLocalvcauthoritiesvclackvcpolicevcpowervcovervcwhichvcofvcthevcfol
lowing?vc-vcanswer--
·vcFederalvcgovernmentvcconstructionvcprojects
1.vcThevceconomicvcprinciplevcofvc______vcsaysvcthatvcwhenvctherev
carevctwovchousesvcinvcthevcsamevcneighborhoodvcwithvcthevcsamevc
size,vcappeal,vcandvcutility,vcthevclower-
pricedvconevcwillvctendvctovcsellvcfirst.vc-vcanswer--·vcSubstitution
1.vcWhichvctypevcofvcagentvcisvcanvcescrowvcofficer?vc-vcanswer--
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·vcThevcSmithsvchavevcdiscoveredvcchemicalvccontaminationvconvct
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fieldsvcLawvcmayvcprovidevcfundsvctovchelpvcthemvccleanvcupvcthevcsi
te.
1.vcIfvcavcproperty'svcincomevcvaluevcisvc$200,000vcandvcit'svcearnin
gvcavcnetvcoperatingvcincomevcofvc$40,000,vcwhatvcisvcthevccapvcrate
?vc-vcanswer--·vc20%
1.vcAvcpropertyvcisvc330vcfeetvclongvcbyvc100vcfeetvcwide.vcHowvcman
yvcsquarevcfeetvcisvcthevcproperty?vc-vcanswer--·vc33,000
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hipvc1vclocated?vc-vcanswer--·vcUppervcrightvc(NE)vccorner
1.vcDonaldvcandvcMartinavcdecidedvctovcpurchasevcavcnewlyvcbuiltvc
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·vcEdvcshouldvcremindvcthemvcthatvceveryvcdwelling,vcnovcmattervcth
evcagevcorvcsize,vcshouldvchavevcavchomevcinspection.
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vcPM sentialsvcforvcC…
AFFILIATE BROKER TN
NATIONAL EXAM
PRACTICE (PSI) Q AND A
1.vcThevcfewervcpropertiesvconvcthevcmarket,vcthevcgreatervcthevcsca
rcity.vcWhat'svcthevceffectvconvcprices?vc-vcanswer--
Pricesvcarevcpushedvcupward
1.vcFrankvcownsvcavcpropertyvconvcwhichvctherevcisvcwalkwayvctovcth
evcbeachvcsharedvcbyvchisvcneighborsvconvceithervcside.vcWhatvcisvc
Frank'svcproperty?vc-vcanswer--·vcServientvcestate
1.vcSimonvcisvclookingvcforvcavcfacilityvcforvcavclargevcgroceryvcdistrib
utionvcoperation.vcHevcfoundvctwovcoptions,vconevcofvcwhichvcisvcoff
eringvchimvcavctriplevcnetvclease,vcandvcthevcothervcanvcabsolutevcnet
vclease.vcWhyvcisvchisvcattorneyvcarguingvcagainstvcthevclatter?vc-
vcanswer--
·vcAnvcabsolutevcnetvcleasevchasvcnovclegalvcdefensesvcifvcSimonvcfa
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1.vcThevcJohnsonsvchavevcownedvcavcsmallvcrestaurantvcforvcmorevc
thanvc20vcyears.vcIt'svcopenvcforvclunchvcandvcdinnervcsixvcdaysvcavcw
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ppyvchourvcdrinkvcandvcappetizervcspecials.vcThevctownvcinvcwhichvc
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'vcrestaurant,vcbecausevcitvcnovclongervccompliesvcwithvcthevcordina
ncevctovcbevc500vcfeetvcfromvcavcschoolvcproperty.vcThevcJohnsonsvc
havevcaccusedvcthevctownvcofvc_____.vc-vcanswer--
·vcInversevccondemnation
about:blan 1/
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, 12/20/23,vc7:43 TestvcBankvcForvcAdvancedvcPhysiologyvcandvcPathophysiologyvcEs
vcPM sentialsvcforvcC…
1.vcLocalvcauthoritiesvclackvcpolicevcpowervcovervcwhichvcofvcthevcfol
lowing?vc-vcanswer--
·vcFederalvcgovernmentvcconstructionvcprojects
1.vcThevceconomicvcprinciplevcofvc______vcsaysvcthatvcwhenvctherev
carevctwovchousesvcinvcthevcsamevcneighborhoodvcwithvcthevcsamevc
size,vcappeal,vcandvcutility,vcthevclower-
pricedvconevcwillvctendvctovcsellvcfirst.vc-vcanswer--·vcSubstitution
1.vcWhichvctypevcofvcagentvcisvcanvcescrowvcofficer?vc-vcanswer--
Limitedvcagent
1.vcWhichvcofvcthesevcregardingvcthevcimpactvcofvcthevcBrownfieldsvc
Lawvcisvctrue?vc-vcanswer--
·vcThevcSmithsvchavevcdiscoveredvcchemicalvccontaminationvconvct
hevcpropertyvcdeedvctovcthemvcbyvctheirvclatevcparents.vcThevcBrown
fieldsvcLawvcmayvcprovidevcfundsvctovchelpvcthemvccleanvcupvcthevcsi
te.
1.vcIfvcavcproperty'svcincomevcvaluevcisvc$200,000vcandvcit'svcearnin
gvcavcnetvcoperatingvcincomevcofvc$40,000,vcwhatvcisvcthevccapvcrate
?vc-vcanswer--·vc20%
1.vcAvcpropertyvcisvc330vcfeetvclongvcbyvc100vcfeetvcwide.vcHowvcman
yvcsquarevcfeetvcisvcthevcproperty?vc-vcanswer--·vc33,000
1.vcPicturevcavcdrawingvcofvcavcsectionvcofvcland.vcWherevcisvcTowns
hipvc1vclocated?vc-vcanswer--·vcUppervcrightvc(NE)vccorner
1.vcDonaldvcandvcMartinavcdecidedvctovcpurchasevcavcnewlyvcbuiltvc
home,vcandvctheirvcagent,vcEd,vcrecommendedvcthatvctheyvcgetvcavc
professionalvchomevcinspectionvcdone.vcThevccouplevctellsvcEdvcth
atvctheyvcthoughtvcinspectionsvcwerevconlyvcforvcoldervchomes.vcHo
wvcshouldvcEdvcrespondvctovcthat?vc-vcanswer--
·vcEdvcshouldvcremindvcthemvcthatvceveryvcdwelling,vcnovcmattervcth
evcagevcorvcsize,vcshouldvchavevcavchomevcinspection.
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