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PSI NJ REAL ESTATE EXAM,PSI PRACTICE TEST ACTUAL EXAM COMPLETE 180 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!$17.99
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PSI NJ REAL ESTATE EXAM,PSI PRACTICE TEST ACTUAL EXAM COMPLETE 180 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
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Course
RADIOLOGY PRACTICE
Institution
RADIOLOGY PRACTICE
PSI NJ REAL ESTATE EXAM,PSI PRACTICE TEST ACTUAL EXAM
COMPLETE 180 QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
PSI NJ REAL ESTATE EXAM,PSI PRACTICE TEST ACTUAL EXAM
COMPLETE 180 QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!.
The terms "littoral," "riparian," and "appropriative" refer
to... - ✔✔ANSW✔✔..water rights
A salesperson lists a property with a contract that allows for
subagency and dual agency. The salesperson is -
✔✔ANSW✔✔..an agent to the broker and a subagent to the
principal.
Depreciation is calculated based on the - ✔✔ANSW✔✔..Cost
of the building only.
A tenant rented an apartment, signing a 15-month lease.
After the lease expired, the tenant paid 1 month's rent and
got a receipt. What kind of leasehold does the tenant have? -
✔✔ANSW✔✔..tenancy at will
When preparing a market data estimate of value, which of
the following categories of adjustment is NOT essential? -
✔✔ANSW✔✔..The original cost of the building.
Which of these Federal laws regulates the advertisement of
a lender's credit terms (rates, payment, etc.)? -
✔✔ANSW✔✔..Regulation Z
,A couple owns an older home in a neighborhood that is
becoming a commercial area. Because of the change in the
use of the land, the couple can expect the value of their
parcel to increase at some future time. This is an example of
the principle of - ✔✔ANSW✔✔..anticipation
A contract has been drawn which obliges the sellers to
convey title to their land to the buyers if the buyers come up
with $22,000 on or before December 31st. This is called -
✔✔ANSW✔✔..an option contract
When a principal authorizes an agent to perform a particular
act or transaction, it is an example of a -
✔✔ANSW✔✔..Special Agency
A charge of violation of Federal Fair Housing laws can be
heard by an administrative law judge within the Department
of Housing and Urban Development (HUD) or by a Federal
district court judge in Federal court. The advantage of a
Federal court hearing to the complaining party is that -
✔✔ANSW✔✔..There is no dollar limit on damages paid
A managing broker can be held responsible for -
✔✔ANSW✔✔..all real estate activities of salespersons.
When land is conveyed to a trustee, the trustee may -
✔✔ANSW✔✔..do whatever is permitted under the trust
agreement
On January 15, a seller paid $960 in annual property tax for
the current calendar year. A buyer is purchasing the house
with the closing set for March 1. What will be the seller's
credit for the property taxes already paid if the buyer pays
,for the day of closing? Use a 360-day year and a 30-day
month. - ✔✔ANSW✔✔..$800
An owner lists her home at a 7% commission rate and wants
to net $45,000 after paying the mortgage balance of $68,000
and the broker's commission. To the nearest dollar, what
should the selling price be to net her $45,000? -
✔✔ANSW✔✔..1.)$105,090.
2.) $110,753.
3.) $120,910.
*(A) 4.) None of the above.*
When does a license become inactive for a broker?
1.
upon the termination of his or her employment
2.
upon the termination of all appointments, or all endorsements
3.
upon the 365th calendar day that a policy has not been written
4.
upon the termination of all existing policies for which he or she is the writing broker -
✔✔ANSW✔✔..upon the termination of all appointments, or all endorsements
How is the insurance commissioner chosen?
1.
Elected by the people.
2.
Appointed by the Governor
3.
Selected by a vote in the House and the Senate.
4.
Randomly selected from a list of qualified candidates. - ✔✔ANSW✔✔..Elected by the
people.
When is it allowable for a written application for any disability policy to be altered?
1.
by the insurer, for administrative purposes only, when it is clear that the applicant has
not made the insertions
2.
by the agent who notices an error that is in disagreement with written information on file
for that applicant
3.
, by an agent who verbally notifies the insured, for commission adjustments, of the
reasons for the suggested alterations
4.
by the insurer, to record such changes as to modify the application to meet all
requirements of the California Insurance Code - ✔✔ANSW✔✔..by the insurer, for
administrative purposes only, when it is clear that the applicant has not made the
insertions
After what time period is the policy considered to have been delivered in an acceptable
way if premiums have been paid?
1.
after 6 months if the premiums have been paid
2.
after 1 year if the premiums have been paid by the insured
3.
30 days after the first premium has been received by the insurer
4.
only if a written receipt is obtained at the time of delivery, regardless of paid premiums -
✔✔ANSW✔✔..after 6 months if the premiums have been paid
What type of licensee can receive a fee from any person or source other than an
insurer?
1.
Life and Disability Insurance Analyst
2.
Life and Disability Insurance Agent
3.
Life Insurance Broker
4.
Insurance Solicitor - ✔✔ANSW✔✔..Life and Disability Insurance Analyst
What is the purpose of creating minimum underwriting standards for those testing
positive for Acquired Immune Deficiency Syndrome, Human Immunodeficiency Virus or
Aids Related Complex?
1.
to ensure the premiums are comparable to those paid by individuals without those
conditions
2.
to allow underwriting to administer the tests to determine if the proposed insured has a
condition without the consent of the individual
3.
to avoid discrimination between individuals in the same rating class who have been
diagnosed with the condition of AIDS, ARC or HIV
4.
to allow the insurers to provide state of the art treatment for proposed insured
individuals who have tested positive for AIDS, ARC or HIV - ✔✔ANSW✔✔..to avoid
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