Pa real estate exam - Study guides, Class notes & Summaries

Easement A limited right to make use of a property owned by another. Appurtenant Runs with the land Easement Appurtenant An easement allowing the use of a neighboring property Which type of ownership includes the right of survivorship? Joint Tenancy Fully Executed A contract that has all of its terms and conditions met. Master01 | October, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ Severable Rights surface, air, subsurface can be sold separatel...

PA REAL ESTATE EXAM QUESTIONS AND ANSWERS

The economic characteristics of land are - Answer- scarcity, location, and durability A major difference between freehold and nonfreehold estates is that all freehold estates - Answer- are of indeterminable duration An easement can be terminated by - Answer- merger of titles The land description T3N, R4W Principal Meridian refers to what method of property description? - Answer- Rectangular survey Tenants are still in their rental property even though their lease has expired. The lan...

PSI PA REAL ESTATE EXAM QUESTIONS AND ANSWERS Severance - ANS the performance of turning real property into personal property What is the main difference between tenancy in common and joint tenancy is that with tenancy in common, when a co-owner dies? - ANS the undivided interest passes to his heirs 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 this tenant have? - ANS...

PSI PA REAL ESTATE EXAM <> QUESTIONS & ANSWERS GRADED A+…UPDATED|2024

The economic characteristics of land are - correct answer scarcity, location, and durability A major difference between freehold and nonfreehold estates is that all freehold estates - correct answer are of indeterminable duration An easement can be terminated by - correct answer merger of titles The land description T3N, R4W Principal Meridian refers to what method of property description? - correct answer Rectangular survey Tenants are still in their rental property even though thei...

PSI PA REAL ESTATE EXAM QUESTIONS AND ANSWERS 100% PASS Severance the performance of turning real property into personal property What is the main difference between tendency in common and joint tendency is that with tendency in common, when a co-owner dies? the undivided interest passes to his heirs 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 this tenant have? Tenancy at will Al...

PSI PA Real Estate Practice Exam Questions and Answers 100% Solved The economic characteristics of land are scarcity, location, and durability A major difference between freehold and nonfreehold estates is that all freehold estates are of indeterminable duration An easement can be terminated by merger of titles The land description T3N, R4W Principal Meridian refers to what method of property description? Rectangular survey Tenants are still in their rental property even though their lease h...

PA Real Estate Exam 2024 (Salesperson) | Questions and Answers| Latest Update

PSI PA REAL ESTATE EXAM QUESTIONS WITH 100% CORRECT ANSWERS