PSI National Real Estate Exam (Latest
2026/2027) Full Questions and 100%
Correct Answers (Verified Success)
• advertisements in regards to gender -✓✓Gender-preference words are prohibited.
Exceptions are made for people who want to share an apartment or house with a
roommate of the same sex. (Female seeking female roommate )
• option -✓✓agreement to keep open, offer to sell for specified length of time
• surface rights -✓✓Ownership rights in a parcel of real estate that are limited to the
surface of the property and do not include the air above it (air rights) or the minerals
below the surface (subsurface rights).
• Air rights -✓✓The right to use, control and occupy the space above a particular parcel
of land.
can ONLY lease NOT sell
• appurtenances -✓✓the right of access (beach rights)
• mineral rights -✓✓subsurface rights
• Riparian Rights -✓✓An owner's rights that borders on or includes a small body of
water - stream, river, or lake. These rights include access to and use of the water.
• Littoral Rights -✓✓rights of a landowner adjacent to a lake
Remember "L" - Littoral/Lake (large body of water)
rights extend to the MHW (mean high water mark)
• Personal Property -✓✓chattel or personalty- movable items
• real estate -✓✓items permanently affixed - land or building
• when determining if item is personal property or real estate determine this: -✓✓what
was the INTENT of the owner- how is the item attached
• crops -✓✓also known as emblements - can be removed by the seller and considered
personal property
, • Trade Fixtures -✓✓Personal property used in a business and can be removed by the
lessee when the lease terminates. - makes a living from it like a barbers chair
• Metes and Bounds -✓✓A method of land description which involves identifying
distances and directions (measurements return to the "point of beginning" POB)
• lots and blocks -✓✓recorded plat plan of subdivisions - street grid creates blocks
• Allodial System -✓✓A system of land ownership in which land is held free and clear of
any rent or service due to the government; commonly contrasted to the feudal system.
Land is held under the allodial system in the United States.
• Emblements -✓✓Annual crops cultivated by a tenant which are treated as the tenant's
property rather than the landowner's.
• Freehold Estate -✓✓the rights of title to land - no fixed duration of ownership - includes
life estates
• nonfreehold estate -✓✓possessor does not own the property; possession does not last
a lifetime (ex. lease)
• Life estate in reversion -✓✓When the life tenant dies the property reverts back to the
grantor
(A grants to B, when B dies, estate REVERTS back to A)
• Life estate in remainder -✓✓When the life tenant dies the property goes to a third
person
(A grants to B, when B dies estate goes to X. X is the remainder man)
• pur autre vie -✓✓"For the life of another." A life estate that is measured by the life of a
person other than the grantee
(A grants to B, when Y dies, estate goes to X)
• Fee Simple Subject to Condition Subsequent -✓✓An estate carrying the limitation that,
if it is no longer used for the purpose conveyed, it reverts to the original owner. (Sally
gives Bob land, as long as he never sells alchol on that land he can keep it)
• Fee Simple Determinable -✓✓An ownership in which the estate is held " as long as",
upon condition a certain activity continues
• action for forfeiture -✓✓an original property owner can file if a new owner violates the
condition subsequent or fee simple determinable agreement
2026/2027) Full Questions and 100%
Correct Answers (Verified Success)
• advertisements in regards to gender -✓✓Gender-preference words are prohibited.
Exceptions are made for people who want to share an apartment or house with a
roommate of the same sex. (Female seeking female roommate )
• option -✓✓agreement to keep open, offer to sell for specified length of time
• surface rights -✓✓Ownership rights in a parcel of real estate that are limited to the
surface of the property and do not include the air above it (air rights) or the minerals
below the surface (subsurface rights).
• Air rights -✓✓The right to use, control and occupy the space above a particular parcel
of land.
can ONLY lease NOT sell
• appurtenances -✓✓the right of access (beach rights)
• mineral rights -✓✓subsurface rights
• Riparian Rights -✓✓An owner's rights that borders on or includes a small body of
water - stream, river, or lake. These rights include access to and use of the water.
• Littoral Rights -✓✓rights of a landowner adjacent to a lake
Remember "L" - Littoral/Lake (large body of water)
rights extend to the MHW (mean high water mark)
• Personal Property -✓✓chattel or personalty- movable items
• real estate -✓✓items permanently affixed - land or building
• when determining if item is personal property or real estate determine this: -✓✓what
was the INTENT of the owner- how is the item attached
• crops -✓✓also known as emblements - can be removed by the seller and considered
personal property
, • Trade Fixtures -✓✓Personal property used in a business and can be removed by the
lessee when the lease terminates. - makes a living from it like a barbers chair
• Metes and Bounds -✓✓A method of land description which involves identifying
distances and directions (measurements return to the "point of beginning" POB)
• lots and blocks -✓✓recorded plat plan of subdivisions - street grid creates blocks
• Allodial System -✓✓A system of land ownership in which land is held free and clear of
any rent or service due to the government; commonly contrasted to the feudal system.
Land is held under the allodial system in the United States.
• Emblements -✓✓Annual crops cultivated by a tenant which are treated as the tenant's
property rather than the landowner's.
• Freehold Estate -✓✓the rights of title to land - no fixed duration of ownership - includes
life estates
• nonfreehold estate -✓✓possessor does not own the property; possession does not last
a lifetime (ex. lease)
• Life estate in reversion -✓✓When the life tenant dies the property reverts back to the
grantor
(A grants to B, when B dies, estate REVERTS back to A)
• Life estate in remainder -✓✓When the life tenant dies the property goes to a third
person
(A grants to B, when B dies estate goes to X. X is the remainder man)
• pur autre vie -✓✓"For the life of another." A life estate that is measured by the life of a
person other than the grantee
(A grants to B, when Y dies, estate goes to X)
• Fee Simple Subject to Condition Subsequent -✓✓An estate carrying the limitation that,
if it is no longer used for the purpose conveyed, it reverts to the original owner. (Sally
gives Bob land, as long as he never sells alchol on that land he can keep it)
• Fee Simple Determinable -✓✓An ownership in which the estate is held " as long as",
upon condition a certain activity continues
• action for forfeiture -✓✓an original property owner can file if a new owner violates the
condition subsequent or fee simple determinable agreement
