OREGON REAL ESTATE EXAM PSI ACTUAL
EXAM 2026 QUESTIONS AND ANSWERS
GRADED A+
⩥ A factor that distinguishes a license from an easement is that a license:
a. must be contained in a deed.
b. can be assigned.
c. is a permanent right
d. is revocable. Answer: d. is revocable
⩥ An __________ is a possessory right or ownership interest in real
estate.
a. ad valorem
b. abstract of title
c. fief
d. estate. Answer: d. estate
⩥ Jenn Hudson willed a piece of property to Willamette University for
so long as the property was used for educational purposes. Ten years
after Jenn's death and the transfer of the property to the university, the
,land became very valuable and the university sold the property to a
developer who built an arcade on the property.
Jenn's heirs challenged the legality of the transfer and sued.
As a result, the development company was found to have
a. a fee simple interest in the property.
b. a reversionary interest in the property.
c. a tenancy in common with Hudson's heirs in the property.
d. no interest at all in the property.. Answer: d. no interest at all in the
property.
⩥ Which of the following statements regarding an easement in gross is
NOT TRUE?
a. Most easements in gross are usually used by a utility company to
install service lines over private property.
b. An easement in gross has a dominant estate.
c. An easement in gross transfers when an owner of a property sells the
property to another.
d. An easement in gross does not have a dominant estate.. Answer: b. An
easement in gross has a dominant estate.
,⩥ Which of the following statements concerning a life estate is false?
a. A person holding a life estate can sell their life estate.
b. A life estate can never extend beyond the life of the life tenant.
c. All conveyances for a life estate have to be in writing to be
enforceable.
d. A life estate is a freehold estate.. Answer: b. A life estate can never
extend beyond the life of the life tenant.
⩥ Which of the following gives a legal right to use land which belongs
to someone else?
1. easement appurtenant
2. easement in gross
3. license
4. mortgage
a. 1 and 2 only
b. 1 only
c. 1, 2, 3, and 4
d. 1, 2, and 3 only. Answer: d. 1, 2, and 3 only
, ⩥ The maximum estate that a person can hold in land is called:
a. a fee simple estate.
b. estate in severalty.
c. an estate for years.
d. a life estate.. Answer: a. a fee simple estate.
⩥ Jennifer holds a life estate in a parcel of property. Jennifer may do all
of the following EXCEPT:
a. sell it.
b. devise it.
c. rent it.
d. mortgage it.. Answer: b. devise it.
⩥ An estate in real property
A. can exist simultaneously with another person who holds an estate in
the same property.
B. can involve a present or future right of possession.
C. can be of definite, indefinite, or unlimited duration.
EXAM 2026 QUESTIONS AND ANSWERS
GRADED A+
⩥ A factor that distinguishes a license from an easement is that a license:
a. must be contained in a deed.
b. can be assigned.
c. is a permanent right
d. is revocable. Answer: d. is revocable
⩥ An __________ is a possessory right or ownership interest in real
estate.
a. ad valorem
b. abstract of title
c. fief
d. estate. Answer: d. estate
⩥ Jenn Hudson willed a piece of property to Willamette University for
so long as the property was used for educational purposes. Ten years
after Jenn's death and the transfer of the property to the university, the
,land became very valuable and the university sold the property to a
developer who built an arcade on the property.
Jenn's heirs challenged the legality of the transfer and sued.
As a result, the development company was found to have
a. a fee simple interest in the property.
b. a reversionary interest in the property.
c. a tenancy in common with Hudson's heirs in the property.
d. no interest at all in the property.. Answer: d. no interest at all in the
property.
⩥ Which of the following statements regarding an easement in gross is
NOT TRUE?
a. Most easements in gross are usually used by a utility company to
install service lines over private property.
b. An easement in gross has a dominant estate.
c. An easement in gross transfers when an owner of a property sells the
property to another.
d. An easement in gross does not have a dominant estate.. Answer: b. An
easement in gross has a dominant estate.
,⩥ Which of the following statements concerning a life estate is false?
a. A person holding a life estate can sell their life estate.
b. A life estate can never extend beyond the life of the life tenant.
c. All conveyances for a life estate have to be in writing to be
enforceable.
d. A life estate is a freehold estate.. Answer: b. A life estate can never
extend beyond the life of the life tenant.
⩥ Which of the following gives a legal right to use land which belongs
to someone else?
1. easement appurtenant
2. easement in gross
3. license
4. mortgage
a. 1 and 2 only
b. 1 only
c. 1, 2, 3, and 4
d. 1, 2, and 3 only. Answer: d. 1, 2, and 3 only
, ⩥ The maximum estate that a person can hold in land is called:
a. a fee simple estate.
b. estate in severalty.
c. an estate for years.
d. a life estate.. Answer: a. a fee simple estate.
⩥ Jennifer holds a life estate in a parcel of property. Jennifer may do all
of the following EXCEPT:
a. sell it.
b. devise it.
c. rent it.
d. mortgage it.. Answer: b. devise it.
⩥ An estate in real property
A. can exist simultaneously with another person who holds an estate in
the same property.
B. can involve a present or future right of possession.
C. can be of definite, indefinite, or unlimited duration.
