Psi nj real estate exam Study guides, Class notes & Summaries
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PSI NJ Real Estate 121 Practice Exam With Answers|2024
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Three identical homes in a neighborhood were listed at the same time in a market where demand was constant. According to the law of supply and demand, which would have sold for the lowest price? - ️️The first sold. 
 
When compiling a competitive market analysis, a broker would look for comparable properties that - ️️were located near the property being listed. 
 
If an older building cannot be air-conditioned, it is an example of - ️️functional obsolescence. 
 
A prospective seller ...
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PSI NJ Real Estate Exam, PSI Practice Test|100% Verified Complete solutions|Newly Updated 2023!
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PSI NJ Real Estate Exam, PSI Practice Test|100% Verified Complete solutions|Newly Updated 2023! 
Water Rights 
The terms "littoral," "riparian," and "appropriative" refer to 
A salesperson lists a property with a contract that allows for subagency and dual 
agency. The salesperson is 
an agent to the broker and a subagent to the principal. 
Depreciation is calculated based on the 
Cost of the building only. 
When a property owner uses his home as collateral for a loan and creates a lien in 
fa...
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PSI NJ Real Estate Exam, PSI Practice Test, Complete Correct answers 2022.
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PSI NJ Real Estate Exam, PSI Practice Test, Complete Correct answers 2022.
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PSI NJ Real Estate Exam, PSI Practice Test.
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PSI NJ Real Estate Exam, PSI Practice 
Test. 
Water Rights 
The terms "littoral," "riparian," and "appropriative" refer to 
A salesperson lists a property with a contract that allows for subagency and dual 
agency. The salesperson is 
an agent to the broker and a subagent to the principal. 
Depreciation is calculated based on the 
Cost of the building only. 
When a property owner uses his home as collateral for a loan and creates a lien in favor 
of the lender, title is held by the 
Mor...
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PSI NJ Real Estate Exam / PSI Practice Test - Q & A
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PSI NJ Real Estate Exam / PSI Practice Test - Q & A The Equal Credit Opportunity Act addresses all of the following EXCEPT a. discrimination in lending b. written statements of credit denial c. acceptable factors for borrower analysis d. standardization of interest rates Under the terms of their listing contract, the owners may sell their house themselves and pay no commission. If their agent sells it, a commission will be due. What kind of listing contract do the owners have? exclusive agency...
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PSI NJ Real Estate Exam, PSI Practice Test Questions and Answers
- Exam (elaborations) • 13 pages • 2024
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PSI NJ Real Estate Exam, PSI Practice Test Questions and Answers
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PSI NJ Real Estate Exam, PSI Practice Test Questions and Answered
- Exam (elaborations) • 13 pages • 2024
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PSI NJ Real Estate Exam, PSI Practice Test Questions and Answered
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PSI NJ Real Estate Exam, PSI Practice Test Questions And Answers
- Exam (elaborations) • 13 pages • 2024
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PSI NJ Real Estate Exam, PSI Practice Test Questions And Answers 
 
Water Rights - ANS The terms "littoral," "riparian," and "appropriative" refer to 
 
A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is - ANS an agent to the broker and a subagent to the principal. 
 
Depreciation is calculated based on the - ANS Cost of the building only. 
 
When a property owner uses his home as collateral for a loan and creates a lien in f...
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PSI NJ Real Estate Exam, PSI Practice Test.
- Exam (elaborations) • 16 pages • 2023
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PSI NJ Real Estate Exam, PSI Practice Test. 
 
 
Water Rights - ANSWER-The terms "littoral," "riparian," and "appropriative" refer to 
 
A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is - ANSWER-an agent to the broker and a subagent to the principal. 
 
Depreciation is calculated based on the - ANSWER-Cost of the building only. 
 
When a property owner uses his home as collateral for a loan and creates a lien in favor of the lende...
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PSI NJ Real Estate Exam, PSI Practice Test. 2024, 136 Questions and Correct Answers.
- Exam (elaborations) • 14 pages • 2024
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PSI NJ Real Estate Exam, PSI Practice Test. 2024, 136 Questions and Correct Answers. 
Water Rights 
The terms "littoral," "riparian," and "appropriative" refer to 
A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is 
an agent to the broker and a subagent to the principal. 
Depreciation is calculated based on the 
Cost of the building only. 
When a property owner uses his home as collateral for a loan and creates a lien in favor of th...