PSI National Exam for Real Estate Test Bank with complete solutions | Latest

PSI National Exam for Real Estate Test Bank with complete solutions | Latest
Question 1: A written agreement in which a purchaser agrees to
buy and a seller agrees to sell is called
CORRECT ANSWER: a contract
Question 2: Antitrust laws prohibit competing brokers from all
of the following
1. boycotting other brokers in the marketplace.
2. dividing the market to restrict competition.
3. agreeing to set sales commissions and management rates.
CORRECT ANSWER: 1. boycotting other brokers in the
marketplace.
2. dividing the market to restrict competition.
3. agreeing to set sales commissions and management rates.
Question 3: When a sewer line is installed down a rural road, the
cost will probably be shared by
CORRECT ANSWER: all current owners of real estate fronting
on that road

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