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

MD Real Estate Salesperson Exam Review with Certified Solutions 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 - a leasehold estate is a non-freehold estate involving the tenant's right to occupy the real estate during the term of the lease 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...

PSI Real Estate Exam (MD State Portion) Questions With Compete Solutions.

Inactive Status - Answer associate real estate brokers and real estate salesperons that are no longer affiliated with licensed real estate brokers and their license certificates and pocket cards are returned to the Commission. An inactive license - Answer expires 3 years from the date it was placed on inactive status Commission pays any penalty collected to - Answer General Fund of the State Instead of, or in addition to, suspension or revocation, for any violation of the Brokers Act (T...

PSI Real Estate Exam (MD State Portion) (verified 100%)

Inactive Status - Answer-associate real estate brokers and real estate salesperons that are no longer affiliated with licensed real estate brokers and their license certificates and pocket cards are returned to the Commission. An inactive license - Answer-expires 3 years from the date it was placed on inactive status Commission pays any penalty collected to - Answer-General Fund of the State Instead of, or in addition to, suspension or revocation, for any violation of the Brokers Act (Title...

MD Real Estate PSI National Exam 2 Latest Update Graded A+ A person with impaired mobility was renting a unit in an apartment complex. Half the units had been assigned parking spaces near the door; the other half had not. The owner may charge extra money to the handicapped person for providing the parking space near the door. must take a vote of all tenants to see if they want to allow the handicapped person a parking space. must give a parking space near the door to the handicapped ...

MD Real Estate Exam Practice Questions And Answers

MD Real Estate PSI exam Latest Update Graded A+ home equity loan A loan under which a property owner uses the property as collateral and can then draw funds up to a prearranged amount against the property. Also called a home equity line of credit, or HELOC. home inspection A thorough visual survey of a property's structure, systems, and site conditions conducted by a professional. Home Mortgage Disclosure Act A federal law, implemented at its creation by Regulation C of the Fede...

PSI Real Estate Exam (MD State Portion) Latest 2024 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - Selling, buying, exchanging, or leasing any real estate or collecting rent - Assisting to locate/obtain for purchase/lease any residential real estate - Serving as a consultant...