{"id":128300,"date":"2023-11-28T14:48:01","date_gmt":"2023-11-28T14:48:01","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=128300"},"modified":"2023-11-28T14:48:03","modified_gmt":"2023-11-28T14:48:03","slug":"psi-real-estate-salesperson-exam-latest-2023-2024-100-correct-questions-and-verified-answers-grade-a","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/11\/28\/psi-real-estate-salesperson-exam-latest-2023-2024-100-correct-questions-and-verified-answers-grade-a\/","title":{"rendered":"PSI Real Estate Salesperson Exam (Latest 2023\/ 2024) 100% Correct| Questions and Verified Answers| Grade A"},"content":{"rendered":"\n

PSI Real Estate Salesperson Exam (Latest 2023\/ 2024) 100% Correct| Questions and Verified Answers| Grade A<\/p>\n\n\n\n

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?<\/p>\n\n\n\n

    \n
  1. During his or her life estate the life tenant is generally answerable to the holder of the future
    interest.<\/li>\n\n\n\n
  2. The life tenant may not commit any acts that would permanently injure the property.<\/li>\n\n\n\n
  3. There may be a reversionary interest.<\/li>\n\n\n\n
  4. There may be a remainder interest.
    Answer:<\/li>\n\n\n\n
  5. During his or her life estate the life tenant is generally answerable to the holder of the future
    interest.
    Q: Which of the following is NOT a leasehold estate?<\/li>\n\n\n\n
  6. An estate for years<\/li>\n\n\n\n
  7. Periodic estate<\/li>\n\n\n\n
  8. Time-Share estate<\/li>\n\n\n\n
  9. Estate from year to year
    Answer:<\/li>\n\n\n\n
  10. A Time-Share estate
    Q: You are married and own a house under a form of ownership that prohibits you from selling
    it without the signature of your spouse. Your form of ownership is LEAST likely to be?<\/li>\n\n\n\n
  11. in severalty<\/li>\n\n\n\n
  12. a joint tenancy<\/li>\n\n\n\n
  13. tenancy in common<\/li>\n\n\n\n
  14. tenancy by the entirety<\/li>\n<\/ol>\n\n\n\n

    Answer:<\/p>\n\n\n\n

      \n
    1. in severalty
      Q: A state wants to build a publicly owned convention center to attract private development in
      its largest city. Can the state use eminent domain to acquire the land?<\/li>\n\n\n\n
    2. No, because private investments aren’t allowed.<\/li>\n\n\n\n
    3. Yes, if just compensation is paid to the owners of the land.<\/li>\n\n\n\n
    4. No, because eminent domain can only be used for highway expansion.<\/li>\n\n\n\n
    5. Yes, if the owners hold fee-simple interest in the land.
      Answer:<\/li>\n\n\n\n
    6. Yes, if just compensation is paid to the owners of the land.
      Q: Which of the following grants zoning authority to municipal governments?<\/li>\n\n\n\n
    7. Eminent domain<\/li>\n\n\n\n
    8. State enabling acts<\/li>\n\n\n\n
    9. Laches<\/li>\n\n\n\n
    10. Escheat
      Answer:<\/li>\n\n\n\n
    11. State enabling acts
      Q: The city in which you live has a zoning ordinance. The basis for the city to have such an
      ordinance is<\/li>\n\n\n\n
    12. eminent domain<\/li>\n\n\n\n
    13. escheat<\/li>\n\n\n\n
    14. police power<\/li>\n\n\n\n
    15. riparian right
      Answer:<\/li>\n\n\n\n
    16. police power<\/li>\n<\/ol>\n\n\n\n

      Q: Which of the following terms are NOT related?<\/p>\n\n\n\n

        \n
      1. Freehold Estate – fee simple<\/li>\n\n\n\n
      2. Grantor- person conveying title<\/li>\n\n\n\n
      3. Leasehold estate – personal property<\/li>\n\n\n\n
      4. Police Power- deed restriction
        Answer:<\/li>\n\n\n\n
      5. Police power – deed restriction
        Q: Strict liability under Superfund means that:<\/li>\n\n\n\n
      6. each of the individual owners is personally responsible for the damages in whole.<\/li>\n\n\n\n
      7. the owner is responsible to the injured party without excuse.<\/li>\n\n\n\n
      8. the liability is not limited to the person who currently owns the property but also includes the
        people who have owned the site in the past.<\/li>\n\n\n\n
      9. The owner is not responsible to the injured party unless it can be proved that the owner was
        aware of the problem.
        Answer:<\/li>\n\n\n\n
      10. the owner is responsible to the injured party without excuse.
        Q: Which of the following does NOT correctly describe how Real Estate licensees should
        handle the possibility of hazardous substances on a property being sold?<\/li>\n\n\n\n
      11. Clients should be asked about the possibility of hazardous substances on the property.<\/li>\n\n\n\n
      12. Licensees should consider the consequences of potential liability.<\/li>\n\n\n\n
      13. Licensees should be scrupulous in considering environmental issues.<\/li>\n\n\n\n
      14. Licensees should not disclose the problem because it might harm the seller.
        Answer:<\/li>\n\n\n\n
      15. Licensees should not disclose the problem because it might harm the seller.
        Q: Sources of groundwater contamination do NOT include:
        Powered by https:\/\/learnexams.com\/search\/study?query=<\/a><\/li>\n<\/ol>\n\n\n\n