Psi pa real estate exam Study guides, Class notes & Summaries

PSI PA Real Estate Practice Exam Questions and Answers 2023 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 eve...

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 landlor...

PSI PA REAL ESTATE EXAM

PSI PA REAL ESTATE EXAM

PSI PA REAL ESTATE EXAM Questions 2023 Solution Severance- CORRECT ANS - 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?- CORRECT 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...

Severance - Answer-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? - Answer-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? - Answer-Tenancy at will Although states make spec...

PSI PA STATE REAL ESTATE PRACTICE EXAM

PSI PA State Real Estate License Exam – With All Verified Solutions (Expert Rated A+) PSI PA State Real Estate License Exam – With All Verified Solutions (Expert Rated A+) Which of the following is not a requirement of the Real Estate Settlement Procedures Act? - ANSWER-A limit is placed on the fees a lender can charge a borrower. According to the Real Estate Settlement Procedures Act, which of the following is not true? - ANSWER-Deposit money. Which of the following is in the corr...