Psi real Study guides, Class notes & Summaries
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PSI REAL ESTATE SALESPERSON EXAM 1 2023 / 2024 ACTUAL UPDATE ALL DONE SOLUTION
- Exam (elaborations) • 40 pages • 2023
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PSI REAL ESTATE SALESPERSON EXAM 1 
 
What is the period of time set for adverse possession in Ohio? 
Correct Answer: 
21 years 
 
What type of lease establishes a rental payment and requires the lessor to pay for the taxes, insurance, and maintenance on the property? 
Correct Answer: 
Gross 
 
Who represents the commission at hearings? 
Correct Answer: 
The Ohio attorney general 
 
State laws differ whether a buyer is entitled to know about? 
Correct Answer: 
A suicide that occurred in the hous...
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024
- Exam (elaborations) • 38 pages • 2023 Popular
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is 
called ️ a contract 
Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting 
other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
When a sewer line is installed down a rural road, the cost will probabl...
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PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+
- Exam (elaborations) • 60 pages • 2023
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PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) 
Regulation is enacted and enforced by MD Real Estate Commission (MREC) 
Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant 
En...
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PSI NATIONAL REAL ESTATE EXAM 2024 | ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS WITH RATIONALE | ALREADY GRADED A+
- Exam (elaborations) • 73 pages • 2024
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PSI NATIONAL REAL ESTATE EXAM 2024 | ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS WITH RATIONALE | ALREADY GRADED A+
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COLORADO PSI REAL ESTATE ACTUAL EXAM 2024-2025 WITH 200 REAL EXAM QUESTIONS AND 100% CORRECT ANSWERS WITH RATIONALES(GUARANTEED PASS) COLORADO REAL ESTATE PSI ACTUAL EXAM QUESTIONS WITH CORRECT ANSWERS (BRAND NEW!!)
- Exam (elaborations) • 57 pages • 2024
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COLORADO PSI REAL ESTATE ACTUAL EXAM WITH 200 REAL EXAM QUESTIONS AND 100% CORRECT ANSWERS WITH RATIONALES(GUARANTEED PASS) COLORADO REAL ESTATE PSI ACTUAL EXAM QUESTIONS WITH CORRECT ANSWERS (BRAND NEW!!) 
Colorado law requires buyers to be notified of the source of water for residential 
properties, how does the buyer receive this notice? 
A. The buyer's listing contract 
B. The water department sends a notice after closing 
C. Contract to Buy and Sell or listing contract 
D. Seller...
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PSI REAL ESTATE SALESPERSON PRACTICE EXAM CORRECT 100%
- Exam (elaborations) • 16 pages • 2023
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A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 
 
1. an exclusive agency listing. 
2. an exclusive right to sell listing. 
3. a net listing. 
4. an advance fee listing. - ANSWER an exclusive agency listing 
 
What critical aspect of the property inspection process MUST licensees convey to prospective buyers? 
1. Difficulty of finding competent ins...
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New Jersey PSI Real Estate Exam With complete solutions.
- Exam (elaborations) • 12 pages • 2023
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New Jersey PSI Real Estate Exam With 
complete solutions. 
Water Rights ️ The terms "littoral," "riparian," and "appropriative" refer to 
A salesperson lists a property with a contract that allows for subagency and dual 
agency. The salesperson is ️ an agent to the broker and a subagent to the 
principal. 
Depreciation is calculated based on the ️ Cost of the building only. 
When a property owner uses his home as collateral for a loan and creates a lien in 
favor of the lender, title...
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PSI REAL ESTATE SALESPERSON EXAM 1 2023 ACTUAL UPDATE ALL DONE SOLUTION
- Exam (elaborations) • 13 pages • 2022
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PSI REAL ESTATE SALESPERSON EXAM 1 2023 ACTUAL UPDATE ALL DONE SOLUTION 
 
Which of the following would NOT be considered Real Property? 
 
 
The servient estate in an easement appurtenant is the property 
 
 
Which of the following statements concerning encumbrances is NOT true 
 
Which of the following is not a specific lien? 
 
 
You have entered into a lease that requires you to pay 20% of the owners expenses. Your lease would be an example of 
 
 
If a husband and wife own an apartment buil...
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PSI Real Estate Salesperson exam 1 Questions Solved Correctly (Latest Update 2023) 68 Questions
- Exam (elaborations) • 33 pages • 2023
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PSI Real Estate Salesperson exam 1 Questions Solved Correctly (Latest Update 2023) 68 Questions
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PSI LIFE INSURANCE EXAM LATEST 2023-2024 REAL EXAM 100+ QUESTIONS AND CORRECT ANSWERS|AGRADE
- Exam (elaborations) • 20 pages • 2023
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PSI LIFE INSURANCE EXAM LATEST 2023-2024 REAL EXAM 100+ QUESTIONS AND CORRECT ANSWERS|AGRADE
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