Psi Pa State Real Estate Practice Exam Questions And Answers 100% Pass

For Pennsylvania taxes, however, an LLC is treated as a corporation but may be considered an S corporation if it meets the requirements for this type of an organization. {Ans: Limited Liability Companies}A person who performs real estate activities while employed by or associated with a licensed real estate broker. {Ans: Salesperson}In lieu of a nonowning spouse's signature intends to ensure that the title would not be clouded by claims in a property settlement. {Ans: Affidavit of no pending domestic litigation}A person licensed as a real estate broker who chooses to work under the supervision of another broker. An individual who wants to manage a branch office for a licensed broker must have an associate broker license {Ans: Associate Broker}Evidence that title is, in fact, marketable. Customarily, in Pennsylvania, a certificate of title or title insurance is used as proof of ownership {Ans: Proof of Ownership}True or False Pennsylvania, has abolished the common law concepts of dower and curtesy. {Ans: True}The theory of this warranty is that the lessor who leases residential premises warrants that the premises shall be fit for habitation. If the tenant proves that the premises are not fit for habitation,