PSI National Real Estate Exam (Latest
2026/2027) Real Questions and 100%
Correct Answers (High Score
Guaranteed)
The Civil Rights Act of 1866 prohibits any type of discrimination based on:
1. gender.
2. race.
3. race and gender.
4. religion. -✓✓2
An exception to title insurance coverage is:
1. forged documents.
2. defects found in public newspapers.
3. incorrect records of marital status.
4. defects that clearly appear in the title search. -✓✓4
A couple owns an older home in a neighborhood that is becoming a commercial area.
Because of the change in the use of the land, the couple can expect the value of their
parcel to increase at some future time. This is an example of the principle of:
1. substitution.
2. contribution.
3. conformity.
4. anticipation. -✓✓4
A seller's statement in a property disclosure document means:
1. the owner is disclosing known latent defects.
2. nothing, because the seller will not be responsible for any defects.
3. the property is fully suitable for the uses contemplated by the buyer.
4. the owner creates a warranty that there are no defects in the property. -✓✓1
A major difference between freehold and nonfreehold estates is that all freehold estates:
1. are of indeterminable duration.
2. terminate upon the death of the person on whose life they are based.
3. are inheritable by the holder's heirs.
4. are estates for a fixed term. -✓✓1
Which of the following real estate contracts is a service contract?
1. a purchase agreement
2. a listing agreement
3. an option contract
4. a mortgage -✓✓2
, A realty firm has just entered into an agreement to represent a home builder in the sale
of a new subdivision. The firm has located several potential buyers and five homes have
been sold to purchasers that the firm's agents have contacted. The realty firm has an
agency relationship with:
1. the builder.
2. the buyers.
3. the builder and the buyers.
4. neither the builder nor the buyers. -✓✓1
When a home is purchased using an ARM, the monthly loan payment on the mortgage
will:
1. rise slightly in each adjustment period until the cap is reached.
2. be adjusted automatically to ensure that negative amortization does not occur.
3. be based on a very low interest rate to begin with, but will rise to the market rate at
the first adjustment.
4. vary over the life of the loan depending on fluctuations in the interest rate to which the
loan is referenced. -✓✓4
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is
called:
1. an agency.
2. an assessment.
3. a contract.
4. a fiduciary obligation. -✓✓3
A prospective buyer made an offer to purchase a property. The owner responded with a
counteroffer. While the buyer was reviewing the counteroffer, the owner received a
better offer. The owner can accept the second offer if:
1. it satisfies or exceeds all terms included in the counteroffer.
2. the owner withdraws the counteroffer before it is accepted.
3. the owner gives the first buyer notice that another offer was received and an
opportunity to revise the bid.
4. the first buyer is informed, in writing, of the owner's intent to accept another offer. -
✓✓2
Real property can be converted to personal property by
1. annexation.
2. severance.
3. accession.
4. extension. -✓✓2
A broker has signed a listing contract for the sale of a home. Which of the following
could make this contract voidable?
1. The seller cannot write and sign with an "X".
2. The listing contract specifies that no other broker may show the house.
2026/2027) Real Questions and 100%
Correct Answers (High Score
Guaranteed)
The Civil Rights Act of 1866 prohibits any type of discrimination based on:
1. gender.
2. race.
3. race and gender.
4. religion. -✓✓2
An exception to title insurance coverage is:
1. forged documents.
2. defects found in public newspapers.
3. incorrect records of marital status.
4. defects that clearly appear in the title search. -✓✓4
A couple owns an older home in a neighborhood that is becoming a commercial area.
Because of the change in the use of the land, the couple can expect the value of their
parcel to increase at some future time. This is an example of the principle of:
1. substitution.
2. contribution.
3. conformity.
4. anticipation. -✓✓4
A seller's statement in a property disclosure document means:
1. the owner is disclosing known latent defects.
2. nothing, because the seller will not be responsible for any defects.
3. the property is fully suitable for the uses contemplated by the buyer.
4. the owner creates a warranty that there are no defects in the property. -✓✓1
A major difference between freehold and nonfreehold estates is that all freehold estates:
1. are of indeterminable duration.
2. terminate upon the death of the person on whose life they are based.
3. are inheritable by the holder's heirs.
4. are estates for a fixed term. -✓✓1
Which of the following real estate contracts is a service contract?
1. a purchase agreement
2. a listing agreement
3. an option contract
4. a mortgage -✓✓2
, A realty firm has just entered into an agreement to represent a home builder in the sale
of a new subdivision. The firm has located several potential buyers and five homes have
been sold to purchasers that the firm's agents have contacted. The realty firm has an
agency relationship with:
1. the builder.
2. the buyers.
3. the builder and the buyers.
4. neither the builder nor the buyers. -✓✓1
When a home is purchased using an ARM, the monthly loan payment on the mortgage
will:
1. rise slightly in each adjustment period until the cap is reached.
2. be adjusted automatically to ensure that negative amortization does not occur.
3. be based on a very low interest rate to begin with, but will rise to the market rate at
the first adjustment.
4. vary over the life of the loan depending on fluctuations in the interest rate to which the
loan is referenced. -✓✓4
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is
called:
1. an agency.
2. an assessment.
3. a contract.
4. a fiduciary obligation. -✓✓3
A prospective buyer made an offer to purchase a property. The owner responded with a
counteroffer. While the buyer was reviewing the counteroffer, the owner received a
better offer. The owner can accept the second offer if:
1. it satisfies or exceeds all terms included in the counteroffer.
2. the owner withdraws the counteroffer before it is accepted.
3. the owner gives the first buyer notice that another offer was received and an
opportunity to revise the bid.
4. the first buyer is informed, in writing, of the owner's intent to accept another offer. -
✓✓2
Real property can be converted to personal property by
1. annexation.
2. severance.
3. accession.
4. extension. -✓✓2
A broker has signed a listing contract for the sale of a home. Which of the following
could make this contract voidable?
1. The seller cannot write and sign with an "X".
2. The listing contract specifies that no other broker may show the house.
