Pa real estate 1 - Study guides, Class notes & Summaries

PSI PA State Real Estate Practice Exam Questions and Answers 100% Pass Requires the seller to provide notice to a purchaser about whether a structure on the land is entitled to support from the underlying coal. Coal Notice Three conditions that must be met for a mobile home to be considered real estate 1. Mobile home is transferred in conjunction with and as a part of an assignment of a land lease or the transfer of an interest in land on which the mobile home is situated; or 2. Mobile home is...

PA Real Estate State Portion Latest Update 100% Solved RELRA Real estate licensing and registration act - the commission is responsible for administrating and enforcing rules found in RELRA as well as supervising all activities RELRA comission members: appointed by the Governor for 5 year terms. meet on regular basis as needed, but conduct at least one public meeting in 3 cities Corporeal right of ownership in material things, something tangible such as a building Incorporeal rights to proper...

PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...

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...

A broker is found guilty and ordered to pay monetary damages to a consumer. What timeframe must the injured party file a claim for payment from the real estate recovery fund? Injured parties must file claim to real estate recovery fund one year after termination of proceedings in connection to judgement awarded consumer. What statement is TRUE regarding the real estate recovery fund? An agreement of sale must contain disclosure language advising parties of the existence of the rea...

PSI Real Estate Michigan State Licensing Exam – Complete Questions & Answers (Graded A+) PSI Real Estate Michigan State Licensing Exam – Complete Questions & Answers (Graded A+) The law regulating the licensing of occupations in Michigan is known as - ANSWER-1.) Occupational Code PA 299 of 1980. (Answer) 2.) Michigan License Act 152 of 1979. 3.) Administrative Rules for Michigan Licensing. 4.) Michigan Code of Ethics. Which of the following persons would NOT need a real estate lic...

When was RELRA originally passed in Pennsylvania? May of 1929 When was RELRA changed to a different name? 1980 RELRA Real Estate Licensing and Registration Act; Pennsylvania law that oversees real estate licensees and created the State Real Estate Commission. RESPA Real Estate Settlement Procedures Act - requires special information booklet, requires good faith estimate, requires uniform settlement statement. Master01 | October, 2024/2025 | Latest update 1 | P a g e | © co...

When was RELRA originally passed in Pennsylvania? May of 1929 When was RELRA changed to a different name? 1980 What is one of the most important thing RELRA does? grant ruling- making and enforcement authority to the State Real Estate Commission What does the State Real Estate Commission function under? The Bureau of Professional and Occupational Affairs, which is part of the Pennsylvania Department of State Who amends RELRA? State Legislature Master01 | October, 2024/2025 | L...

When was RELRA originally passed in Pennsylvania? May of 1929 When was RELRA changed to a different name? 1980 What is one of the most important thing RELRA does? grant ruling- making and enforcement authority to the State Real Estate Commission What does the State Real Estate Commission function under? The Bureau of Professional and Occupational Affairs, which is part of the Pennsylvania Department of State Who amends RELRA? State Legislature Master01 | October, 2024/2025 | L...

Who has the duty and authority in the State of Pennsylvania to promulgate rules or regulations in order to administer the Real Estate Act? - Answer-The Pennsylvania Real Estate Commission The term of each commissioner shall be for _________years from the date of the appointment by the governor. - Answer-five The Real Estate Commission has the power to fine licensees using civil penalties because? - Answer-The legislature gives the Commission the power to issue civil or criminal proceedings...