PSI Real Estate Salesperson exam 1 Questions and Answers

PSI Real Estate Salesperson exam 1

Questions and Answers

Which of the following would NOT be considered Real Property?

1. Mineral Rights

2. A Leasehold Estate

3. Fixtures

4. Air ✔✔2. A Leasehold Estate

The servient estate in an easement appurtenant is the property

1. owned by the landlord

2. on which the easement is placed

3. owned by the tenant

4. that benefits from the easement ✔✔2. on which the easement is placed

Which of the following statements concerning encumbrances is NOT true

1. All encumbrances are liens

2. All liens are encumbrances

3. Restrictions beneficial to the grantee are encumbrances

4. An easement is a physical encumbrance ✔✔1. All encumbrances are liens

Which of the following is not a specific lien?

1. Mortgage Lien

2. State inheritance tax

3. Real Estate taxes

4. Mechanic's Lien ✔✔2. State Inheritance tax