{"id":128303,"date":"2023-11-28T14:49:17","date_gmt":"2023-11-28T14:49:17","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=128303"},"modified":"2023-11-28T14:49:18","modified_gmt":"2023-11-28T14:49:18","slug":"psi-salesperson-real-estate-exam-2023-2024-update-100-correct-questions-and-verified-answers-grade-a","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/11\/28\/psi-salesperson-real-estate-exam-2023-2024-update-100-correct-questions-and-verified-answers-grade-a\/","title":{"rendered":"PSI Salesperson Real Estate Exam (2023\/ 2024 Update) 100% Correct| Questions and Verified Answers| Grade A"},"content":{"rendered":"\n

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

PSI Salesperson Real Estate Exam (2023\/
2024 Update) 100% Correct| Questions and
Verified Answers| Grade A
Q: Your neighbor has given you revocable permission to go hunting on his farm. You have a(n)
Answer:<\/p>\n\n\n\n

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  1. license.
    Q: A claim based on adverse possession of property must NOT be
    Answer:<\/li>\n\n\n\n
  2. secretive.
    Q: A man gives his friend the right to go hunting on his property for just one day. This is an
    example of
    Answer:<\/li>\n\n\n\n
  3. a license.
    Q: A person who receives real property by will is called a
    Answer:<\/li>\n\n\n\n
  4. devisee.
    Q: Riparian rights would exist in a<\/li>\n<\/ol>\n\n\n\n

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

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    1. cooperative on a river.
      Q: A developer was able to buy two adjoining single-family lots for $20,000 each. He
      combined the lots into one parcel with a value of $90,000. The developer’s action reflects the
      process of
      Answer:<\/li>\n\n\n\n
    2. plottage.
      Q: A restaurant opened in a neighborhood and was enjoying substantial profits. Within a year
      another restaurant was built across the street and resulted in the first restaurant losing, in the next
      year, 30 percent of its profits. This is an example of the principle of
      Answer:<\/li>\n\n\n\n
    3. competition.
      Q: A meatpacking plant has just been built one block from your house. The strong odors are
      lowering property values in your neighborhood. The loss in value would be classified as
      Answer:<\/li>\n\n\n\n
    4. external obsolescence.
      Q: In the appraisal of a public building, an appraiser would use the
      Answer:<\/li>\n\n\n\n
    5. cost approach.
      Q: A four-bedroom house with one bathroom would be an example of<\/li>\n<\/ol>\n\n\n\n

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

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      1. functional obsolescence.
        Q: Which of the following is NOT a stage in the appraisal process?
        Answer:<\/li>\n\n\n\n
      2. Analyze the tax consequences of the property owner
        Q: An appraiser uses the cost approach in appraising a home. The appraiser should NOT use
        which of the following types of information?
        Answer:<\/li>\n\n\n\n
      3. Depreciation of land
        Q: A house that is the least expensive in its neighborhood has nevertheless grown significantly
        in value over the years because of an increasing number of larger, more expensive houses being
        built nearby. This growth in value is an example of the principle of
        Answer:<\/li>\n\n\n\n
      4. progression
        Q: You are Preparing a competitive market analysis on a house that you hope to list for sale.
        Which of the following approaches to value will be used in the development of the estimated
        value?
        Answer:<\/li>\n\n\n\n
      5. Sales comparison approach
        Q: A competitive market analysis reflects the use of the
        Powered by https:\/\/learnexams.com\/search\/study?query=<\/a><\/li>\n\n\n\n
      6. <\/li>\n<\/ol>\n\n\n\n