1/12/26, 6:14 AM PSI NJ Real Estate Exam, PSI Practice Test. Exam comprehensive questions and verified answers ACTUAL EXAM 2026 TEST!! Gr…
PSI NJ Real Estate Exam, PSI Practice Test. Exam
comprehensive questions and verified answers
ACTUAL EXAM 2026 TEST!! Graded A+ |
2025|2026 EXAM UPDATE
Save
Terms in this set (136)
Water Rights The terms "littoral," "riparian," and "appropriative"
refer to
A salesperson lists a property with a an agent to the broker and a subagent to the
contract that allows for subagency principal.
and dual agency. The salesperson is
Depreciation is calculated based on Cost of the building only.
the
When a property owner uses his mortgagor
home as collateral for a loan and
creates a lien in favor of the lender,
title is held by the
A competitive market analysis is setting a listing price
MOST often used for
https://quizlet.com/1129544047/psi-nj-real-estate-exam-psi-practice-test-exam-comprehensive-questions-and-verified-answers-actual-exam-2026-tes… 1/27
,1/12/26, 6:15 AM PSI NJ Real Estate Exam, PSI Practice Test. Exam comprehensive questions and verified answers ACTUAL EXAM 2026 TEST!! Gr…
A seller tells the listing agent that her tell the seller not to disclose, because the statute
home was treated for termites 10 of limitations has run out.
years ago, so there are no termites
now. Before listing the property, the
agent should
All of the following are methods to straight-line method
calculate the reproduction or
replacement cost of a building
EXCEPT the
The buyer is assuming a mortgage Credit buyer $110,000; debit seller $110,000.
presently on the property in the
amount of $110,000. What is the
adjustment made at closing?
If conditions for purchase are Return of the property to the original owner.
included in a deed and these
conditions are violated, what is the
penalty?
The purpose of requiring an earnest provide evidence of the buyer's intention to carry
money deposit in a real estate sales out the contract.
contract is to
A judgment has been properly constructive notice
recorded. Any subsequent
purchasers, whether they have
actually examined the record or not,
have been given
What type of map is MOST useful for contour map
describing the terrain of a very hilly
lot?
https://quizlet.com/1129544047/psi-nj-real-estate-exam-psi-practice-test-exam-comprehensive-questions-and-verified-answers-actual-exam-2026-tes… 2/27
, 1/12/26, 6:15 AM PSI NJ Real Estate Exam, PSI Practice Test. Exam comprehensive questions and verified answers ACTUAL EXAM 2026 TEST!! Gr…
The Department of Housing and Require the buyer to acknowledge disclosure of
Urban Development estimates that the presence of any known lead paint.
most private homes built before 1978
contain potentially dangerous levels
of lead. Because of this, some
Federal agencies, such as FHA,
At the time of listing, the seller tells tell potential buyers about the parties. (Any social
the listing agent they are moving information expressed to an agent can be shared)
because the neighbor has loud
parties every weekend. The agent
should
A major reason for buying and a condominium tends to be more affordable.
owning a condominium rather than a
detached single-family home is that
A buyer was negotiating the The buyer may sue the seller for specific
purchase of a house for himself. performance.
During a conversation with the seller,
the seller agreed to include all
kitchen appliances in the sale, and
this fact was included in the sales
contract. In this situation, if the seller
takes the appliances with him, what
recourse does the buyer have?
A loan which requires the borrower straight (term) loan (AKA term loan)
to pay interest only until the maturity
date (or due date), and then to pay
the entire principal on the maturity
date, is called a
https://quizlet.com/1129544047/psi-nj-real-estate-exam-psi-practice-test-exam-comprehensive-questions-and-verified-answers-actual-exam-2026-tes… 3/27
PSI NJ Real Estate Exam, PSI Practice Test. Exam
comprehensive questions and verified answers
ACTUAL EXAM 2026 TEST!! Graded A+ |
2025|2026 EXAM UPDATE
Save
Terms in this set (136)
Water Rights The terms "littoral," "riparian," and "appropriative"
refer to
A salesperson lists a property with a an agent to the broker and a subagent to the
contract that allows for subagency principal.
and dual agency. The salesperson is
Depreciation is calculated based on Cost of the building only.
the
When a property owner uses his mortgagor
home as collateral for a loan and
creates a lien in favor of the lender,
title is held by the
A competitive market analysis is setting a listing price
MOST often used for
https://quizlet.com/1129544047/psi-nj-real-estate-exam-psi-practice-test-exam-comprehensive-questions-and-verified-answers-actual-exam-2026-tes… 1/27
,1/12/26, 6:15 AM PSI NJ Real Estate Exam, PSI Practice Test. Exam comprehensive questions and verified answers ACTUAL EXAM 2026 TEST!! Gr…
A seller tells the listing agent that her tell the seller not to disclose, because the statute
home was treated for termites 10 of limitations has run out.
years ago, so there are no termites
now. Before listing the property, the
agent should
All of the following are methods to straight-line method
calculate the reproduction or
replacement cost of a building
EXCEPT the
The buyer is assuming a mortgage Credit buyer $110,000; debit seller $110,000.
presently on the property in the
amount of $110,000. What is the
adjustment made at closing?
If conditions for purchase are Return of the property to the original owner.
included in a deed and these
conditions are violated, what is the
penalty?
The purpose of requiring an earnest provide evidence of the buyer's intention to carry
money deposit in a real estate sales out the contract.
contract is to
A judgment has been properly constructive notice
recorded. Any subsequent
purchasers, whether they have
actually examined the record or not,
have been given
What type of map is MOST useful for contour map
describing the terrain of a very hilly
lot?
https://quizlet.com/1129544047/psi-nj-real-estate-exam-psi-practice-test-exam-comprehensive-questions-and-verified-answers-actual-exam-2026-tes… 2/27
, 1/12/26, 6:15 AM PSI NJ Real Estate Exam, PSI Practice Test. Exam comprehensive questions and verified answers ACTUAL EXAM 2026 TEST!! Gr…
The Department of Housing and Require the buyer to acknowledge disclosure of
Urban Development estimates that the presence of any known lead paint.
most private homes built before 1978
contain potentially dangerous levels
of lead. Because of this, some
Federal agencies, such as FHA,
At the time of listing, the seller tells tell potential buyers about the parties. (Any social
the listing agent they are moving information expressed to an agent can be shared)
because the neighbor has loud
parties every weekend. The agent
should
A major reason for buying and a condominium tends to be more affordable.
owning a condominium rather than a
detached single-family home is that
A buyer was negotiating the The buyer may sue the seller for specific
purchase of a house for himself. performance.
During a conversation with the seller,
the seller agreed to include all
kitchen appliances in the sale, and
this fact was included in the sales
contract. In this situation, if the seller
takes the appliances with him, what
recourse does the buyer have?
A loan which requires the borrower straight (term) loan (AKA term loan)
to pay interest only until the maturity
date (or due date), and then to pay
the entire principal on the maturity
date, is called a
https://quizlet.com/1129544047/psi-nj-real-estate-exam-psi-practice-test-exam-comprehensive-questions-and-verified-answers-actual-exam-2026-tes… 3/27
