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National PSI BUNDLED EXAMS PRACTICE TEST EXAM 2024 WITH 100% CORRECT ANSWERS $43.99   Add to cart

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National PSI BUNDLED EXAMS PRACTICE TEST EXAM 2024 WITH 100% CORRECT ANSWERS

National PSI EXAM PRACTICE TEST EXAM 2024 WITH 100% CORRECT ANSWERS PSI REAL ESTATE SALESPERSON PRACTICE EXAM 2024 WITH 100% CORRECT ANSWERS

29 items

PSI VA EXAM 2024 WITH 100% CORRECT ANSWERS

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What are the categories of real property? correct answersResidential, Agricultural and Industrial The point at which supply and demand are balanced is known as? correct answersEquilibrium The Phrase "bundle of legal rights" is properly included in? correct answersThe definition of real prope...

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Virginia PSI Exam (State) 2024 WITH 100% CORRECT ANSWERS

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Active Status correct answersLegally engaging in acts of real estate. Brokerage Agreement correct answersA written agreement establishing the brokerage relationship between a client and a licensee which must state whether the licensee will represent the client as an agent or as an independent con...

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Virginia national and state PSI real estate study flashcards with 100% correct answers

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Government rights in land 1 2 3 4 correct answers1. Police Power 2. Eminent Domain 3. Property Taxes 4. Escheat police power correct answersEnacts and Enforces laws governing land use - public control of land ( Eg. zoning, building codes, etc) eminant domain correct answersPower of a go...

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State & National Real Estate PSI Practice Questions with 100% correct answers

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All of the above correct answersIn Virginia, what action is prohibited in an advertisement for real estate? Select one: A. Failing to get a client's written consent to advertise his property B. Failing to identify the type of services offered in a general property description C. Advertising tha...

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PSI National Exam for Real Estate 2024 with 100% correct answers

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A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called correct answersa contract Antitrust laws prohibit competing brokers from all of the following correct answers1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition...

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PSI Virginia exam 2024 with 100% complete solutions

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What is the purpose of chapter 21 in the Virginia code? -to summarize property and conveyance regulations -to codify laws regarding Virginia deeds and covenants -to present license requirements, brokerage relationships and real estate board authorizations -to articulate the Virginia residential ...

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VA Tattooing exam PSI 2024 with 100% correct answers

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What's is skin? correct answersOrgan What's the different name for stratum corneum? correct answershorny layer Where elastin and collagen located? correct answersDermis loyer What's the main function of the lymph? correct answerscarries waste Nerve that affect face? correct answersCra...

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Virginia psi exam prep by performance programs company 2024 with 100% correct answers

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What is the purpose of Chapter 21 in the Virginia code? correct answersTo present license requirements brokerage relationships and Real Estate Board authorizations Delaney is licensed under a real estate firm and legally performs real estate activities for an average of at least 40 hours a week. ...

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National PSI EXAM PRACTICE TEST EXAM 2024 WITH 100% CORRECT ANSWERS

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Real Estate law governing advertising applies to all of these EXCEPT: A. In house notes for showing B. Multiple listing service (MLS) C. communications with consumers D. Social Media A. In-house notes for showing are not seen by consumers an so do not have to follow state or federal laws. ...

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VA real estate psi notes with verified solutions

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If there is in effect at the date of the foreclosure sale a real estate purchase contract to buy the property foreclosed upon and the real estate purchase contract provides that the earnest money deposit held in escrow by a firm or sole proprietorship shall be paid to a principal to the contract in ...

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PSI - Virginia Law exam 2024 with correct answers

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Purpose of Virginia real estate law Protect public interest Actively engaged in the application for a broker's license 40 hours per week

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PSI exam 2024 with 100% correct answers

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Real estate taxes that are paid in advanced are prorated on the closing statement as. a. no entry to buyer; a credit to seller. b. no entry to buyer; a debit to seller. c. a credit to buyer; a debit to seller. d. a debit to buyer; a credit to seller. a debit to the buyer; credit to the seller ...

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VA real estate psi notes p.2 with 100% correct answers

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what happens to Lease transactions: security deposits. Any security deposit held by a firm or sole proprietorship? correct answersshall be placed in an escrow account by the end of the fifth business banking day following receipt, unless otherwise agreed to in writing by the principals to the transa...

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PSI REAL ESTATE PRACTICE EXAM 2024 WITH 100% CORRECT ANSWERS

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a contract of sale states that the earnest money deposit is to be placed in an interest-bearing account with any interest earned to be given to the buyer. This is: correct answersokay, because the buyer and the seller have agreed to this If a buyer's earnest money check is returned for insuffici...

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PSI Exam Financing 2024 with 100% correct answers

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Loan Point correct answers1% is 1 point. 1% of loan amount Loan Origination Fee correct answerscompensation for processing a new Mortage loan discount points correct answershelps permanently reduce loans interest buydown correct answersinterest pre-payment at closing to temporarily reduce i...

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psi exam test prep questions with 100% correct answers

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A homeowner has negotiated with a neighbor to obtain the permanent right to pass over the northern part of the neighbor's land to gain access to the river. He pays the neighbor $9,000 for the right of access and receives a deed. This is an easement correct answersappurtenant A tenant rented an a...

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PSI REAL ESTATE SALESPERSON PRACTICE EXAM 2024 WITH 100% CORRECT ANSWERS

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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 a...

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PSI EXAM PREP 2024 with 100% correct answers

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assignment correct answersThe transfer of rights and duties, but not liabilities, from one contract to another contract or from one person to another person is an: liquidated damages. Earnest money is not consideration; it is the seller's remedy in a liquidated damages contract if the buyer defa...

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National PSI Exam 2024 with complete solutions

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VA- Earnest money must be deposited into the brokers escrow account within how many days of ratification of the contract? correct answers5 days The act of encouraging people to sell or rent their homes by claiming that the entry of a protected class of people into the neighborhood will have some ...

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PSI NJ Real Estate Exam, PSI Practice Test. 2024 with 100% correct answers

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Water Rights correct answersThe 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 correct answersan agent to the broker and a subagent to the principal. Depreciation is c...

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PSI NATIONAL EXAM GUIDE WITH 100% CORRECT ANSWERS

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Real Property correct answersLand and everything permanently attached to it Personal Property correct answerspossessions such as jewelry, furniture, and boats Conveyance (Deed) correct answersEvery instrument, in writing, except a will, by which any estate or interest in real property is creat...

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PSI QUESTIONS: STATE 2024 WITH 100% COMPLETE SOLUTIONS

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When a land contract is entered into; correct answersThe buyer acquires equitable title Angela operated her own brokerage firm until she unexpectedly passed away. The Board appoints her son, Adam, to operate the business for 180 days. During this period, Adam: correct answersCan only conclude the...

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PSI Real Estate Exam 2024 with 100% complete solutions

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Chain of Title correct answersThe historical records of all owners and encumbrances of a specific parcel of real estate is known as Property Disclosure Force correct answersBefore making an offer on a property, the buyer should have received and read Usury Laws correct answersLaws that determi...

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Real Estate PSI Practice Exam 2024 with 100% correct answers

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a. correct answersWhen a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title is held by the: a. mortgagor b. lender c. mortgagee d. beneficiary b. correct answersA buyer is getting a fully amortized loan for $220,000. The bank will give th...

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Virginia Real Estate Exam Prep, VA Questions with 100% correct answers

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VREB Stands For correct answersVirginia Real Estate Board Title 54.1, Chapter 21 of the Code of Virginia Defines correct answersthe composition and authority of the Virginia Real Estate Board; Also sets for the requirements for licensure, defines the duties a licensee must perform, how those duti...

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PSI Real Estate Exam 2024 with complete solutions

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Bilateral correct answersWhat is a type of contract in which two parties are legally bound to act? Functional Obsolence correct answersWhat is one kind of real property depreciation caused by poor design? Grantee correct answersWhat is the name of the party who aquires the title to real proper...

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Real Estate Vocabulary (Guide to Passing the PSI Real Estate Exam) 2024 with 100% correct answers

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acceleration clause correct answersA provision in a written mortgage, note, bond, or conditional sales contract that in the even of default, the whole amount of the principal and the interest may be declared due and payable at once. accession correct answersTitle to improvements or additions to r...

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PSI NATIONAL REAL ESTATE QUESTIONS & ANSWERS (100% CORRECT 2024)

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A legal description in land that includes language like "the old oak tree" or "the big rock" would be correct answersMetes and bounds As a licensee is showing a property contiguous to a lake, the licensee notices that the lake has a large amount of algae. The buyer wishes to make an offer. Wh...

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