Psi exam financing - Study guides, Class notes & Summaries

PSI Real Estate Practice Exam - Michigan (Chapter 1) Graded A+ Designated Agent ️A person authorized by the broker to act as the agent of a specific principal - common in dual agency relationships, two salespersons from the same company can represent opposite sides of the sale. Income Approach ️What approach does an appraiser take primarily for an investment property? 1.) "Personal Assistant" (Answer) 2.) "Agent-Assistant" 3.) "Proxy-Agent" 4.) "Broker-Assignee" ️Ch...

NATIONAL PSI EXAM PRACTICE TEST ANSWERED 100% CORRECTLY Real Estate law governing advertising applies to all of these EXCEPT: A. In house notes for showing B. Multiple listing service (MLS) C. communications with consumers D. Social Media - answerA. In-house notes for showing are not seen by consumers an so do not have to follow state or federal laws. A couple accompanies a property inspector during an inspection of a house on which they have a contract. The inspector points to a six-in...

PSI Maryland Practice Exam All Answers Correct A broker and the buyers he represents are anxiously awaiting the closing on their new home. The closing is scheduled in 4 days. The buyers inform the broker that they just received revised Loan Estimate and Closing Disclosure forms from the lender, indicating the Annual Percentage Rate on their loan has increased by 0.3%. Based on the TILA-RESPA Integrated Disclosure rule, what action should the broker take in this situation? A. Assist the...

Acceleration Clause - ️️A contract clause that gives the lender the right to declare the entire loan amount due immediately because of borrower's default, or other reasons as stated in the contract. Adjustable-Rate (ARM) Mortgage - ️️A mortgage that permits the lender to periodically adjust the interest rate so that the rate reflects fluctuations in the cost of money. Alienation Clause - ️️A contract clause that gives the lender certain stated rights when there's a transfer o...

National PSI EXAM PRACTICE TEST Answered 100% Correctly| Latest 2024 Real Estate law governing advertising applies to all of these EXCEPT: A. In house notes for showing B. Multiple listing service (MLS) C. communications with consumers D. Social Media A. In-house notes for showing are not seen by consumers an so do not have to follow state or federal laws. A couple accompanies a property inspector during an inspection of a house on which they have a contract. The inspector points to ...

Acceleration Clause - ️️A contract clause that gives the lender the right to declare the entire loan amount due immediately because of borrower's default, or other reasons as stated in the contract. Adjustable-Rate (ARM) Mortgage - ️️A mortgage that permits the lender to periodically adjust the interest rate so that the rate reflects fluctuations in the cost of money. Alienation Clause - ️️A contract clause that gives the lender certain stated rights when there's a transfer o...

PSI National Exam for Real Estate Exam Questions and Answers A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called - Answer- a contract Antitrust laws prohibit competing brokers from all of the following - Answer- 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. When a sewer line is installed down a rural road, the cost will probably be shared b...

PSI NJ Real Estate Practice Exam Questions with Correct Answers A lawsuit for inverse condemnation may be brought by - Answer-a homeowner. A broker supplies the financing for a project to build condominiums with the stipulation that he has the exclusive right to sell the completed condos. Which of the following BEST describes this relationship? - Answer-Agency coupled with an interest. An exclusive right to sell listing obtained by a broker associate belongs to - Answer-the employing br...

PSI EXAM 3 Practice Questions and Answers (100% Pass) Question 1 of 80 Portion Name : National Real Estate Salesperson Practice Exam 2015 Under the Federal Fair Housing Law, which of the following is considered discriminatory advertising? 1. "Nonsmoker preferred." 2. "Military discount." 3. "Seniors welcome." 4. "Catholics preferred." - Answer️️ -4. "Catholics preferred." When a listing broker is preparing an Offer to Purchase for a buyer customer, contingencies invo...

MI sales person PSI Final Exam Latest Update Graded A 1. A veteran buying a home from a for sale by owner and financing it with a VA loan can do all of the following except: Immediately rent the home after closing to make the monthly payments 2. After Charlie's death, his will indicates that all of his real property must go to charity what can Charlie's wife do? Nothing 3. Two Brokers decide to go broke 60/40 in favor of the listing broker, and each broker split 50 Dash 50 with his sales pe...