Psi property ownership - Study guides, Class notes & Summaries

PSI Exam: Property Ownership Solved Correctly..

COLORADO LAW AND PRACTICE - PSI REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED. Abandonment - -Non-payment of taxes Abstract of title - -A history of the ownership of parcel of land which lists transfers of title, rights, and liabilities. Acceleration Clause - -Upon default, all the principal installments come due to immediately Accesion - -owner of land is entitled to all the soil produces or all that is added to the land either intentionally or by mistake. Trade fixtures not ...

PSI EXAM: PROPERTY OWNERSHIP EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED Real Property (realty) land along with improvements, things attached to it, and the benefits, rights, and interests included in its ownership. Real Estate synonymously used with real property; but includes real and personal property. Land earth's surface, subsurface to the center of the earth, the space overhead, and the rights to each. Rights: common rights in land; surface rights, subsurface rights, mineral r...

SC PSI Real Estate Exam Prep Questions and Answers Which of the following describes the term appreciation? - Correct Answer ️️ -An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - Correct Answer ️️ -An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: - Correct Answer ️️ -Balloon mortgage The following reason accounts for why b...

Regulatory Powers Enable the agency to pass specific regulations and rules to support the administration of the license law Judicial Powers Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations Administrative Powers Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves Mission of the Tennessee Real Estate Commission P...

PSI national real estate exam practice test 1| Actual exam answered 100% Correctly| Latest 2024 PSI national real estate exam practice test 1| Actual exam answered 100% Correctly| Latest 2024 All of the following would be considered real property EXCEPT a leasehold estate The servient estate in an easement appurtenant is the property on which the easement is placed Which of the following statements concerning encumbrances is NOT true All encumbrances are liens Which of the following ...

PSI REAL ESTATE SALESPERSON EXAM 1| ACTUAL EXAM ANSWERED 100% CORRECTLY| LATEST 2024 Which of the following would NOT be considered Real Property? 1. Mineral Rights 2. A Leasehold Estate 3. Fixtures 4. Air 2. A Leasehold Estate The servient estate in an easement appurtenant is the property 1. owned by the landlord 2. on which the easement is placed 3. owned by the tenant 4. that benefits from the easement 2. on which the easement is placed Which of the following statements concernin...

PSI Real Estate Salesperson Exam (Latest 2023/ 2024) 100% Correct| Questions and Verified Answers| Grade A Q: Which of the following statements does NOT correctly describe a legal life estate? 1. During his or her life estate the life tenant is generally answerable to the holder of the future interest. 2. The life tenant may not commit any acts that would permanently injure the property. 3. There may be a reversionary interest. 4. There may be a remainder interest. Answer: 1. Duri...

PSI PA State Real Estate Practice Exam/ 95 Qs with Ans/ . Terms like: Passed by the Department of Environmental Protection *Gives notice to prospective buyers that if a property is not serviced by a public sewage system and no community sewage system is available, a permit for an individual system must be obtained - Answer: Pennsylvania Sewage Facilities Act in 1994 Provides for the rehabilitation or recycling of brownfields by providing a mechanism to enforce hazard mitigation controls a...

SC PSI Real Estate Exam Prep Questions and Answers Which of the following describes the term appreciation? - Correct Answer ️️ -An increase in the value of property When ownership of a mortgage is transferred from one company or individual to another, it is called: - Correct Answer ️️ -An assignment A mortgage loan which requires the remaining balance be paid at a specific point in time is called a: - Correct Answer ️️ -Balloon mortgage The following reason accounts for why b...