Exam (elaborations)
PSI NATIONAL REAL ESTATE (2024 / 2025) Actual Questions and Verified Answers, 100% Guarantee Pass
- Course
- Institution
PSI NATIONAL REAL ESTATE (2024 / 2025) Actual Questions and Verified Answers, 100% Guarantee Pass
[Show more]
Content preview
PSI NATIONAL REAL ESTATE QUESTIONS.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/PSI%20NATIOPSI NATIONAL REAL ESTATE
QUESTIONS & ANSWERS
1. A legal description in land that includes language like "the old oak tree" or
"the big rock" would be
Answer Metes and bounds
2. 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 anoffer.What
should the licensee do?
Answer Encourage the buyer to have an authoritativeparty investigate the algae
growth.
3. All the following are protected classifications except
Answer Homosexuals
4. As licensees usually work as independent contractors, a broker will have a
1/6
1 of 18 11/18/2024, 3:33
,PSI NATIONAL REAL ESTATE QUESTIONS.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/PSI%20NATIO
contract
for the independent contractor which (for federal purposes) must outline
Answer -
Statement that FICA (taxes) are the associates responsibility
5. In a rescission agreement
Answer All parties return to original position and earnestmoney is refunded
6. Agent A has been working at Brokerage for 4 years. Agent has listed and sold
many but desires to try industrial office sales.What is the best course ofaction
for houses Agent A?
Answer Move license to an industrial/office
company and train under them
7. A seller is listing their $350,000 house. They state their property tax bill is
$1,110 per year.What should the agent do?
Answer Verify the information with the county
8. A home warranty will typically provide coverage for which of the following
2/6
2 of 18 11/18/2024, 3:33
,PSI NATIONAL REAL ESTATE QUESTIONS.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/PSI%20NATIO
Answer Electrical and plumbing systems
9. The local governments have authority to ensure that properties are being
built properly. Under the authority of police power, the government can adapt
and implement
Answer Construction standards
10. A married couple owns a property together as tenancy in entirety. Whichof
the following about selling a property as tenancy in entirety is true?
Answer Bothspouses must sign the conveyance
11. What statement is true about asbestos removal
Answer Encapsulation is the safesttactic
12. An easement is
Answer The right to use another's land
3/6
3 of 18 11/18/2024, 3:33
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 NurseFerian. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now