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

PSI Real Estate Exam (MD State Portion) Latest 2023 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 En...

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...

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 PSI Exam Questions and Correct Answers.MD Real Estate PSI Exam Questions and Correct Answers.

MD Real Estate PSI exam Question and answers 100% correct 2024 MD Real Estate PSI exam home equity loan - correct answer 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 - correct answer A thorough visual survey of a property's structure, systems, and site conditions conducted by a professional. Home Mortgage Disclosure Act ...

MD Real Estate PSI National Exam 1 Question and answers rated A+ 2024MD Real Estate PSI National Exam 1 Usury MOST nearly means - correct answer A: illegal interest. Each state sets its own ceiling for the maximum interest rate lenders may charge. Rates above that ceiling are considered ________ and ______. No reputable lender exceeds those rates and those that make a practice of it are commonly known as loan sharks. - correct answer usurious and illegal. Which of the following desc...

MD Real Estate PSI exam with complete solutions

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 person, if one is available and a need is demonstrated. does not ha...

Usury MOST nearly means - ANSWER A: illegal interest. Each state sets its own ceiling for the maximum interest rate lenders may charge. Rates above that ceiling are considered ________ and ______. No reputable lender exceeds those rates and those that make a practice of it are commonly known as loan sharks. - ANSWER usurious and illegal. Which of the following describes a mortgage that requires principal and interest payments at regular intervals and is called the liquidation of debt by pe...

MD Real Estate PSI National Exam 2 With Complete Solutions A broker is discussing a new listing with a prospective Mexican-American buyer. The buyer wants to inspect the property immediately, but the owner of the property has instructed the broker, in writing, not to show the house during the owner's three-week absence. The buyer insists on viewing the property. The broker should show the property to avoid a violation of the Federal Fair Housing Act. request the Real Estate Commission ...