PSI EXAM REVIEW QUESTIONS WITH
ACCURATE SOLUTIONS 2026
▶ A contract has been drawn which obliges the sellers to convey title to
their land to the buyers if the buyers come up with $22,000 on or before
December 31st. This is called. Answer: an option contract.
▶ The buyer wants to make the purchase offer contingent on a complex
mortgage arrangement. The buyer's agent who is drawing up the contract
should. Answer: suggest the buyer ask a lawyer to furnish the wording.
▶ An equal housing opportunity notice MUST be. Answer: displayed in the
brokerage office.
▶ A managing broker can be held responsible for. Answer: all real estate
activities of salespersons.
▶ A charge of violation of Federal Fair Housing laws can be heard by an
administrative law judge within the Department of Housing and Urban
Development (HUD) or by a Federal district court judge in Federal court.
The advantage of a Federal court hearing to the complaining party is that.
Answer: there is no dollar limit on damages paid.
▶ Under the Federal Fair Housing Law, which of the following is
considered discriminatory advertising?. Answer: Catholics preferred
▶ A salesperson in a branch office is sued for damages by a buyer after
the salesperson misrepresents a property. Who has the ultimate
responsibility for the salesperson's actions?. Answer: the supervising
broker
▶ A minority couple come to a salesperson looking for a house. The
salesperson has some properties for which the couple qualify but avoids
showing or mentioning these listings. Instead, the salesperson shows only
ACCURATE SOLUTIONS 2026
▶ A contract has been drawn which obliges the sellers to convey title to
their land to the buyers if the buyers come up with $22,000 on or before
December 31st. This is called. Answer: an option contract.
▶ The buyer wants to make the purchase offer contingent on a complex
mortgage arrangement. The buyer's agent who is drawing up the contract
should. Answer: suggest the buyer ask a lawyer to furnish the wording.
▶ An equal housing opportunity notice MUST be. Answer: displayed in the
brokerage office.
▶ A managing broker can be held responsible for. Answer: all real estate
activities of salespersons.
▶ A charge of violation of Federal Fair Housing laws can be heard by an
administrative law judge within the Department of Housing and Urban
Development (HUD) or by a Federal district court judge in Federal court.
The advantage of a Federal court hearing to the complaining party is that.
Answer: there is no dollar limit on damages paid.
▶ Under the Federal Fair Housing Law, which of the following is
considered discriminatory advertising?. Answer: Catholics preferred
▶ A salesperson in a branch office is sued for damages by a buyer after
the salesperson misrepresents a property. Who has the ultimate
responsibility for the salesperson's actions?. Answer: the supervising
broker
▶ A minority couple come to a salesperson looking for a house. The
salesperson has some properties for which the couple qualify but avoids
showing or mentioning these listings. Instead, the salesperson shows only
