Exam (elaborations)
PSI PA STATE REAL ESTATE PRACTICE EXAM
- Course
- Institution
PSI PA STATE REAL ESTATE PRACTICE EXAM
[Show more]
Content preview
PSI PA STATE REAL ESTATE PRACTICE EXAMRequires the seller to provide notice to a purchaser about whether a structure on the
land is entitled to support from the underlying coal. - Answers -Coal Notice
Three conditions that must be met for a mobile home to be considered real estate -
Answers -1. Mobile home is transferred in conjunction with and as a part of an
assignment of a land lease or the transfer of an interest in land on which the mobile
home is situated; or
2. Mobile home is permanently attached to a foundation, and
3. Registration of the mobile home is canceled by the owner with the Pennsylvania
Bureau of Motor Vehicles
The governing body of a municipality is responsible for enacting the comprehensive
plan, zoning, and subdivision ordinances in accordance with procedures in the
Pennsylvania Municipalities Planning Code. They may appoint a planning commission
to be responsible for formulating the recommended plans and ordinances. Public
hearings must be held prior to their enactment by the governing body. - Answers -
Zoning
Charges permitted by the Pennsylvania Municipalities Planning Code to help defray the
cost of streets to keep up with development - Answers -Impact Fees
Went into effect in July 2004, as prescribed by the Pennsylvania Construction Code Act
that was passed in 1999. *In addition to satisfying the purpose of construction codes,
the act encourages the use of state-of-the-art construction methods and systems and
eliminates existing codes that are obsolete, overly restrictive, or conflicting. - Answers -
Uniform Construction Code (UCC)
Oversee's PA's environmental laws - Answers -Department of Environmental Protection
Passed by the Department of Environmental Protection *Gives notice to prospective
buyers that if a property is not serviced by a public sewage system and no community
sewage system is available, a permit for an individual system must be obtained -
Answers -Pennsylvania Sewage Facilities Act in 1994
Provides for the rehabilitation or recycling of brownfields by providing a mechanism to
enforce hazard mitigation controls and ease concerns about the future liability
associated with contaminated properties - Answers -Uniform Environmental Covenants
Act (UEAC), which took effect in February 2008
Burdensome disclosure requirements are readily satisfied -Mitigation controls can be
enforced regardless of ownership - Answers -Benefits of the UEAC
, True or False Pennsylvania, has abolished the common law concepts of dower and
curtesy. - Answers -True
Created when the person claiming the easement has made use of another's land for 21
years in PA. The claimant's use must have been continuous, exclusive, and without the
owner's approval. Through the principle of tacking (discussed in Unit 5), successive
periods of adverse possession by different adverse possessors can be combined so
that a person who is not in possession for the entire statutory time may establish a
claim.The use must be visible, open, and notorious, that is, the owner must have been
able to learn of it. The claimant is entitled to assert a right to use the property and
cannot claim ownership. Prescriptive easements cannot usually be acquired on public
land. - Answers -Easement by Prescription
The Pennsylvania Landlord/Tenant Act also specifies the time period that is required for
notice in a variety of circumstances - Answers -Normally, one week's notice is required
to terminate an estate from week to week; one month's notice is required to terminate
an estate from month to month; and three months' notice is required to terminate an
estate from year to year.
True or False The statute of frauds in Pennsylvania requires contracts for more than two
years duration to be in writing. - Answers -False, contracts for more than three years
duration are required to be in writing. However a written agreement can be used for any
period of time.
Pennsylvania law requires counties and municipal governments to adopt budgets and
set tax rates on a January-to-December calendar year. Most school districts in
Pennsylvania, however, are required to prepare budgets and set tax rates on a fiscal
year that begins July 1 - Answers -Tax Bills
A contractor or subcontractor can file a claim with the court of common pleas in the
county in which the property is located. This must be done within six months after the
work is completed. If the claim is successful, the mechanic's lien takes priority as of the
date on which the first "visible construction" begins when an improvement is erected or
constructed or as of the date the claim is filed when an existing improvement is altered
or repaired. A claimant must take steps to enforce the lien within two years of the date
the claim is filed. Enforcement is a court action to foreclose the lien through the sale of
the real estate. Proceeds from the sale are then used to pay the lien. - Answers -
Mechanics Lien
Elements of a deed legal description of real estate - Answers -A valid deed must contain
an accurate description of the real estate conveyed. Land is considered adequately
described if a competent surveyor can locate the property using the description. In
Pennsylvania, a metes-and-bounds and/or a lot-and-block description would be used.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GEEKA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83100 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now