PSI Real Estate Exam-Questions with Correct Answers/ Verified/ 100% Pass
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Course
PSI NATIONAL REAL ESTATE
Institution
PSI NATIONAL REAL ESTATE
Bilateral -️️What is a type of contract in which two parties are legally bound to act?
Functional Obsolence -️️What is one kind of real property depreciation caused by poor design?
Grantee -️️What is the name of the party who aquires the title to real property in a deed?
Biennial -�...
PSI Real Estate Exam-Questions with Correct Answers/ Verified/
100% Pass
Bilateral - ✔️✔️What is a type of contract in which two parties are legally bound to act?
Functional Obsolence - ✔️✔️What is one kind of real property depreciation caused by poor design?
Grantee - ✔️✔️What is the name of the party who aquires the title to real property in a deed?
Biennial - ✔️✔️What is one word that indicates how often a PA salesperson's license is required to
be renewed?
Testate - ✔️✔️What is the condition called when a person dies with a will
Liz Pendens - ✔️✔️What is the recorded legal notice that shows existing court action against real
property?
Capitalization - ✔️✔️What is the process of estimating the value of real property by using the rate
of return and the annual net income?
.072 - ✔️✔️What is the decimal form of seventy two mills?
Open End Mortgage - ✔️✔️What is the type of mortgage in which the mortgagor could receive
future advances by increasing the debt up to its original amount?
Redlining - ✔️✔️What is the act called of denying mortgages to applicants from a certain area
based on factors other than financial qualification?
$2800 - ✔️✔️How much money would be charged as the result of a four point origination fee on a
$95,000 property on which there is a $70,000 mortgage?
Statue of Frauds - ✔️✔️What is the name of the state law that requires agreements of sale to be in
writing?
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