PSI National Exam for Real Estate | Real Exam
Questions with Correct & Verified Answers
(Newest Update with Grade A, for 2026 | 2027)
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Terms in this set (544)
A written agreement in which a a contract
purchaser agrees to buy and a
seller agrees to sell is called
Antitrust laws prohibit competing 1. boycotting other brokers in the marketplace.
brokers from all of the following 2. dividing the market to restrict competition.
3. agreeing to set sales commissions and
management rates.
When a sewer line is installed down all current owners of real estate fronting on that
a rural road, the cost will probably road
be shared by
State laws differ on whether a buyer a suicide that occurred in the house last year.
is entitled to know about
A lawsuit for inverse condemnation a homeowner
may be brought by
,When is racial discrimination in the Under no circumstances
rental of rooms or apartments
permitted?
The real estate broker who is listing the number of square feet in the building
a house for sale should personally
verify
Real property can be converted to Severance
personal property by
Prospective buyers made an offer Both contracts are valid
on a property. The seller did NOT
accept, but made a counteroffer.
The
prospective buyers signed the
counteroffer and the real estate
agent delivered their acceptance to
the seller.
In the interim, the same buyers had
found another house that they liked
better and made an offer on it,
which was accepted. Which of the
following is TRUE?
, Although states make specific laws prior appropriation
governing water rights and the
rights in land that borders water,
most states
generally follow one of two basic
doctrines regarding water rights. In
many states, the common law
doctrine of riparian and littoral
rights dictates that water rights are
automatically conveyed with
property. In others, all water rights
are controlled by the state under
the doctrine of
The purpose of requiring an provide evidence of the buyer's intention to carry
earnest money deposit in a real out the contract.
estate sales contract is to
A buyer is getting a fully amortized $409.20.
loan for $220,000. The bank will
give the buyer the loan for 15 years
at 5 1/2%
or for 30 years at 6 1/2%. To the
nearest cent, what is the difference
between the monthly payments for
these two loans?
(BE SURE TO USE THE
AMORTIZATION TABLE.)
A borrower has defaulted on the demand immediate payment of the entire note
mortgage. The mortgage contains
an acceleration clause. This permits
the lender to
Questions with Correct & Verified Answers
(Newest Update with Grade A, for 2026 | 2027)
Save
Terms in this set (544)
A written agreement in which a a contract
purchaser agrees to buy and a
seller agrees to sell is called
Antitrust laws prohibit competing 1. boycotting other brokers in the marketplace.
brokers from all of the following 2. dividing the market to restrict competition.
3. agreeing to set sales commissions and
management rates.
When a sewer line is installed down all current owners of real estate fronting on that
a rural road, the cost will probably road
be shared by
State laws differ on whether a buyer a suicide that occurred in the house last year.
is entitled to know about
A lawsuit for inverse condemnation a homeowner
may be brought by
,When is racial discrimination in the Under no circumstances
rental of rooms or apartments
permitted?
The real estate broker who is listing the number of square feet in the building
a house for sale should personally
verify
Real property can be converted to Severance
personal property by
Prospective buyers made an offer Both contracts are valid
on a property. The seller did NOT
accept, but made a counteroffer.
The
prospective buyers signed the
counteroffer and the real estate
agent delivered their acceptance to
the seller.
In the interim, the same buyers had
found another house that they liked
better and made an offer on it,
which was accepted. Which of the
following is TRUE?
, Although states make specific laws prior appropriation
governing water rights and the
rights in land that borders water,
most states
generally follow one of two basic
doctrines regarding water rights. In
many states, the common law
doctrine of riparian and littoral
rights dictates that water rights are
automatically conveyed with
property. In others, all water rights
are controlled by the state under
the doctrine of
The purpose of requiring an provide evidence of the buyer's intention to carry
earnest money deposit in a real out the contract.
estate sales contract is to
A buyer is getting a fully amortized $409.20.
loan for $220,000. The bank will
give the buyer the loan for 15 years
at 5 1/2%
or for 30 years at 6 1/2%. To the
nearest cent, what is the difference
between the monthly payments for
these two loans?
(BE SURE TO USE THE
AMORTIZATION TABLE.)
A borrower has defaulted on the demand immediate payment of the entire note
mortgage. The mortgage contains
an acceleration clause. This permits
the lender to
