PSI National Real Estate Exam (Latest
2026/2027) Verified Questions and 100%
Correct Answers (Success Guaranteed)
• Real Property -✓✓Land and anything permanently attached to it. Exam cue:
immovable property.
• Personal Property -✓✓Moveable property not attached to land. Exam cue: furniture
appliances.
• Fixture -✓✓Personal property that becomes real property when attached. Exam cue:
built-in items.
• Annexation -✓✓Process of attaching personal property to land. Exam cue: creates a
fixture.
• Severance -✓✓Removing a fixture from real property. Exam cue: fixture becomes
personal property.
• Trade Fixture -✓✓Business equipment installed by tenant but remains personal
property. Exam cue: tenant may remove.
• Freehold Estate -✓✓Ownership interest with no time limit. Exam cue: ownership
estate.
• Fee Simple Estate -✓✓Highest form of property ownership. Exam cue: most complete
ownership.
• Life Estate -✓✓Ownership lasting for a person's lifetime. Exam cue: ends at death.
• Leasehold Estate -✓✓Tenant's right to possess property for a time. Exam cue: rental
interest.
• Estate for Years -✓✓Lease with fixed start and end date. Exam cue: fixed lease term.
• Periodic Tenancy -✓✓Lease that renews automatically. Exam cue: month-to-month.
• Estate at Will -✓✓Tenancy with no definite end date. Exam cue: can terminate
anytime.
• Estate at Sufferance -✓✓Tenant remains after lease expires. Exam cue: holdover
tenant.
, • Encumbrance -✓✓Claim or restriction on property. Exam cue: lien easement.
• Easement -✓✓Right to use another person's property. Exam cue: access rights.
• Dominant Tenement -✓✓Property benefiting from an easement. Exam cue: gains the
benefit.
• Servient Tenement -✓✓Property burdened by an easement. Exam cue: land being
used.
• Easement in Gross -✓✓Easement benefiting a person or company. Exam cue: utility
easement.
• Police Power -✓✓Government authority to regulate land use. Exam cue: zoning laws.
• Eminent Domain -✓✓Government taking private property for public use. Exam cue:
compensation required.
• Taxation -✓✓Government right to impose property taxes. Exam cue: ad valorem taxes.
• Escheat -✓✓Property returns to the state when owner dies without heirs. Exam cue:
intestate owner.
• Zoning -✓✓Local law controlling land use. Exam cue: residential commercial industrial.
• Variance -✓✓Exception to zoning regulations. Exam cue: hardship approval.
• Consideration -✓✓Something of value exchanged in a contract. Exam cue: money or
promise.
• Mutual Consent -✓✓Both parties agree to the contract terms. Exam cue: offer and
acceptance.
• Capacity -✓✓Legal ability to enter a contract. Exam cue: competent parties.
• Lawful Objective -✓✓Contract purpose must be legal. Exam cue: lawful purpose.
• Bilateral Contract -✓✓Promise exchanged for promise. Exam cue: listing agreement.
• Unilateral Contract -✓✓Promise exchanged for performance. Exam cue: open listing.
• Executory Contract -✓✓Contract not yet fully performed. Exam cue: before closing.
2026/2027) Verified Questions and 100%
Correct Answers (Success Guaranteed)
• Real Property -✓✓Land and anything permanently attached to it. Exam cue:
immovable property.
• Personal Property -✓✓Moveable property not attached to land. Exam cue: furniture
appliances.
• Fixture -✓✓Personal property that becomes real property when attached. Exam cue:
built-in items.
• Annexation -✓✓Process of attaching personal property to land. Exam cue: creates a
fixture.
• Severance -✓✓Removing a fixture from real property. Exam cue: fixture becomes
personal property.
• Trade Fixture -✓✓Business equipment installed by tenant but remains personal
property. Exam cue: tenant may remove.
• Freehold Estate -✓✓Ownership interest with no time limit. Exam cue: ownership
estate.
• Fee Simple Estate -✓✓Highest form of property ownership. Exam cue: most complete
ownership.
• Life Estate -✓✓Ownership lasting for a person's lifetime. Exam cue: ends at death.
• Leasehold Estate -✓✓Tenant's right to possess property for a time. Exam cue: rental
interest.
• Estate for Years -✓✓Lease with fixed start and end date. Exam cue: fixed lease term.
• Periodic Tenancy -✓✓Lease that renews automatically. Exam cue: month-to-month.
• Estate at Will -✓✓Tenancy with no definite end date. Exam cue: can terminate
anytime.
• Estate at Sufferance -✓✓Tenant remains after lease expires. Exam cue: holdover
tenant.
, • Encumbrance -✓✓Claim or restriction on property. Exam cue: lien easement.
• Easement -✓✓Right to use another person's property. Exam cue: access rights.
• Dominant Tenement -✓✓Property benefiting from an easement. Exam cue: gains the
benefit.
• Servient Tenement -✓✓Property burdened by an easement. Exam cue: land being
used.
• Easement in Gross -✓✓Easement benefiting a person or company. Exam cue: utility
easement.
• Police Power -✓✓Government authority to regulate land use. Exam cue: zoning laws.
• Eminent Domain -✓✓Government taking private property for public use. Exam cue:
compensation required.
• Taxation -✓✓Government right to impose property taxes. Exam cue: ad valorem taxes.
• Escheat -✓✓Property returns to the state when owner dies without heirs. Exam cue:
intestate owner.
• Zoning -✓✓Local law controlling land use. Exam cue: residential commercial industrial.
• Variance -✓✓Exception to zoning regulations. Exam cue: hardship approval.
• Consideration -✓✓Something of value exchanged in a contract. Exam cue: money or
promise.
• Mutual Consent -✓✓Both parties agree to the contract terms. Exam cue: offer and
acceptance.
• Capacity -✓✓Legal ability to enter a contract. Exam cue: competent parties.
• Lawful Objective -✓✓Contract purpose must be legal. Exam cue: lawful purpose.
• Bilateral Contract -✓✓Promise exchanged for promise. Exam cue: listing agreement.
• Unilateral Contract -✓✓Promise exchanged for performance. Exam cue: open listing.
• Executory Contract -✓✓Contract not yet fully performed. Exam cue: before closing.
