PSI Real Estate Exam Study Questions with 100% Correct Verified Answers
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Course
PSI Real Estate
Institution
PSI Real Estate
Magen's Law - Answer Legislation requiring that the communities be alerted to the
presence of sex offenders
Power of attorney - Answer Written authorization of agency
Principal - Answer The one employing the agent ,the client
Procuring cause - Answer One who brings about the sale
Steering - Answer Channeling home seekers to or away from certain areas
Tester - Answer Undercover checker who makes fair housing compliance
, Broker - Answer Individual licensed to charge the public for real estate services
Broker-Salesperson - Answer Fully qualified broker who remains under another broker's
services
Bureau of Subdivided Land Sales Control - Answer State agency that approves and
registers some out-of- state property
Continuing education - Answer Classes required for license renewal
Guaranty Fund - Answer Reimburses people defrauded or badly served by licensees in
real estate transactions
New Jersey real estate commission - Answer Administrator do real estate licenses
Real Estate licensing act - Answer Law governing the practice of real estate in New
Jersey
Real estate full disclosure act - Answer Regulations covering out-of-state properties sold
in New Jersey
REALTOR r - Answer Member of a private real estate trade organization
REALTOR - ASSOCIATE r - Answer Salesperson who joins a particular real estate trade
group
Referral agent - Answer Licensee limited to presenting a presenting prospective clients
and customers to the broker
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