PSI Real Estate Exam Questions
and Answers 100% PASS
Bilateral - CORRECT ANSWER-What is a type of contract in which two parties
are legally bound to act?
Functional Obsolence - CORRECT ANSWER-What is one kind of real property
depreciation caused by poor design?
Grantee - CORRECT ANSWER-What is the name of the party who aquires the
title to real property in a deed?
Biennial - CORRECT ANSWER-What is one word that indicates how often a PA
salesperson's license is required to be renewed?
Testate - CORRECT ANSWER-What is the condition called when a person dies
with a will
Liz Pendens - CORRECT ANSWER-What is the recorded legal notice that shows
existing court action against real property?
Capitalization - CORRECT ANSWER-What is the process of estimating the value
of real property by using the rate of return and the annual net income?
and Answers 100% PASS
Bilateral - CORRECT ANSWER-What is a type of contract in which two parties
are legally bound to act?
Functional Obsolence - CORRECT ANSWER-What is one kind of real property
depreciation caused by poor design?
Grantee - CORRECT ANSWER-What is the name of the party who aquires the
title to real property in a deed?
Biennial - CORRECT ANSWER-What is one word that indicates how often a PA
salesperson's license is required to be renewed?
Testate - CORRECT ANSWER-What is the condition called when a person dies
with a will
Liz Pendens - CORRECT ANSWER-What is the recorded legal notice that shows
existing court action against real property?
Capitalization - CORRECT ANSWER-What is the process of estimating the value
of real property by using the rate of return and the annual net income?
