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Exam (elaborations)
PSI State Exam- Real Estate Salesperson
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---15April 20232022/2023A+
- The law which requires that transfers of real property ownership be in writing is known as the... - Answer- statute of frauds 
 
In a VA loan, there must be... - Answer- an approved appraisal 
 
When a land contract is entered into... - Answer- the buyer acquires equitable title 
 
A 5 bedroom, 1 bathroom residence is an example of what type of depreciation? - Answer- Functional 
 
Name 3 essential requirements for a valid deed... - Answer- 1. The buyer and seller must be named 
2. Words of Conv...
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QUEENS
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Exam (elaborations)
PSI State Exam- Real Estate Salesperson (2018) |170 questions with correct answers
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---22March 20232022/2023A+
- The law which requires that transfers of real property ownership be in writing is known as the... CORRECT ANSWER statute of frauds 
 
In a VA loan, there must be... CORRECT ANSWER an approved appraisal 
 
When a land contract is entered into... CORRECT ANSWER the buyer acquires equitable title 
 
A 5 bedroom, 1-bathroom residence is an example of what type of depreciation? CORRECT ANSWER Functional 
 
Name 3 essential requirements for a valid deed... CORRECT ANSWER 1. The buyer and seller must b...
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$11.99 More Info
cracker
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Exam (elaborations)
PSI State Test Questions & Answers | 180 Questions with 100% Correct Answers | Updated & Verified | 20 Pages
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---20February 20232022/2023A+
- Civil actions in Hawaii can be commenced only within the periods prescribed by the statute of 
limitations. Which of the following is incorrect? - Civil actions must be commenced within 
15 years for an adverse possession claim or prescriptive easement. 
An aggrieved person is awarded a judgment against a real estate licensee for violation of the 
Hawaii License Law. Regarding the recovery fund, the aggrieved party has the right to - a 
maximum award of $25,000 from the Recovery fund, including ...
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Tulloch