OREGON REAL ESTATE EXAM PSI
EXAMINATION TEST 2026 COMPLETE
QUESTIONS WITH SOLUTIONS GRADED A+
⩥ If Beth, Jennifer, Sally, and Kellie hold title to real property as tenants
in common, they:
a. must each own a 25% interest.
b. could not transfer their interest without the consent of the others.
c. would be unable to determine which portion of the land is theirs.
d. would have the right of survivorship. Answer: c. would be unable to
determine which portion of the land is theirs.
⩥ The term "undivided interest" means:
a. each co-owner has the right of survivorship.
b. each co-owner has the right to possess a specific portion of the
property.
c. each co-owner has the right to possession of the entire property.
d. when one co-owner dies, the remaining owners acquire his interest.
Answer: c. each co-owner has the right to possession of the entire
property.
,⩥ Duncan and Russ formed the Think Big Real Estate Partnership. Over
the years they purchased a number of properties in the name of the
partnership. If Duncan dies before Russ, Duncan's interest in the
properties:
a. will pass to the heirs of Duncan.
b. will be determined by the partnership agreement between Duncan and
Russ.
c. will pass under the rules relating to tenancy in common.
d. automatically pass to Russ under the rules of joint tenancy.. Answer:
b. will be determined by the partnership agreement between Duncan and
Russ.
⩥ Floyd and Rebecca Wilson, a married couple, moved to Oregon from
California and purchased a new home in Bend. At the time of closing,
they did not specify how title was to be held. Under these circumstances,
Floyd and Rebecca will automatically hold title as:
a. joint tenants with rights of survivorship.
b. tenants in partnership.
c. tenants in common.
d. tenants by the entirety.. Answer: d. tenants by the entirety.
⩥ All of the following are co-tenancies EXCEPT:
,a. tenancy in severalty.
b. tenancy in common.
c. tenancy by the entirety.
d. tenancy created under the Erickson doctrine of survivorship.. Answer:
a. tenancy in severalty.
⩥ When owners of a tenancy by the entirety are divorced, they:
a. remain tenants by the entirety
b. become tenants in common.
c. become tenants at sufferance.
d. become tenants with the right of survivorship.. Answer: b. become
tenants in common.
⩥ A California corporation makes an offer to purchase a property located
in Eugene, Oregon. All of the following statements are true EXCEPT:
a. it must have authority granted by either the corporation's articles of
incorporation, by-laws, or resolution of the board of directors to
purchase real property.
b. it may hold title to Oregon property in its corporate name.
c. it must apply for authority to conduct business within Oregon as a
foreign corporation.
, d. it must become an Oregon domestic corporation prior to title vesting..
Answer: d. it must become an Oregon domestic corporation prior to title
vesting.
⩥ Five friends purchased a property as tenants in common. Which of the
following statements apply to their relationship as tenants in common?
A. All of the owners must have equal interests.
B. If one of the tenants dies, the remaining tenants automatically receive
equal interests of the deceased tenant's share.
a. B only
b. A only
c. Both A and B
d. Neither A nor B. Answer: d. Neither A nor B
⩥ If Nate and Daniel hold title to real property as tenants in common,
they will:
a. have equal, undivided interests.
b. have equal rights of possession.
c. tenancies for identical periods of time.
d. have the right of survivorship. Answer: b. have equal rights of
possession.
EXAMINATION TEST 2026 COMPLETE
QUESTIONS WITH SOLUTIONS GRADED A+
⩥ If Beth, Jennifer, Sally, and Kellie hold title to real property as tenants
in common, they:
a. must each own a 25% interest.
b. could not transfer their interest without the consent of the others.
c. would be unable to determine which portion of the land is theirs.
d. would have the right of survivorship. Answer: c. would be unable to
determine which portion of the land is theirs.
⩥ The term "undivided interest" means:
a. each co-owner has the right of survivorship.
b. each co-owner has the right to possess a specific portion of the
property.
c. each co-owner has the right to possession of the entire property.
d. when one co-owner dies, the remaining owners acquire his interest.
Answer: c. each co-owner has the right to possession of the entire
property.
,⩥ Duncan and Russ formed the Think Big Real Estate Partnership. Over
the years they purchased a number of properties in the name of the
partnership. If Duncan dies before Russ, Duncan's interest in the
properties:
a. will pass to the heirs of Duncan.
b. will be determined by the partnership agreement between Duncan and
Russ.
c. will pass under the rules relating to tenancy in common.
d. automatically pass to Russ under the rules of joint tenancy.. Answer:
b. will be determined by the partnership agreement between Duncan and
Russ.
⩥ Floyd and Rebecca Wilson, a married couple, moved to Oregon from
California and purchased a new home in Bend. At the time of closing,
they did not specify how title was to be held. Under these circumstances,
Floyd and Rebecca will automatically hold title as:
a. joint tenants with rights of survivorship.
b. tenants in partnership.
c. tenants in common.
d. tenants by the entirety.. Answer: d. tenants by the entirety.
⩥ All of the following are co-tenancies EXCEPT:
,a. tenancy in severalty.
b. tenancy in common.
c. tenancy by the entirety.
d. tenancy created under the Erickson doctrine of survivorship.. Answer:
a. tenancy in severalty.
⩥ When owners of a tenancy by the entirety are divorced, they:
a. remain tenants by the entirety
b. become tenants in common.
c. become tenants at sufferance.
d. become tenants with the right of survivorship.. Answer: b. become
tenants in common.
⩥ A California corporation makes an offer to purchase a property located
in Eugene, Oregon. All of the following statements are true EXCEPT:
a. it must have authority granted by either the corporation's articles of
incorporation, by-laws, or resolution of the board of directors to
purchase real property.
b. it may hold title to Oregon property in its corporate name.
c. it must apply for authority to conduct business within Oregon as a
foreign corporation.
, d. it must become an Oregon domestic corporation prior to title vesting..
Answer: d. it must become an Oregon domestic corporation prior to title
vesting.
⩥ Five friends purchased a property as tenants in common. Which of the
following statements apply to their relationship as tenants in common?
A. All of the owners must have equal interests.
B. If one of the tenants dies, the remaining tenants automatically receive
equal interests of the deceased tenant's share.
a. B only
b. A only
c. Both A and B
d. Neither A nor B. Answer: d. Neither A nor B
⩥ If Nate and Daniel hold title to real property as tenants in common,
they will:
a. have equal, undivided interests.
b. have equal rights of possession.
c. tenancies for identical periods of time.
d. have the right of survivorship. Answer: b. have equal rights of
possession.
