PSI National Real Estate Exam Latest Complete
Questions and 100% Correct Answers (Top Score
Assurance)
• The servient estate in an easement appurtenant is the property -✓✓on which
the easement is placed
• Which of the following statements concerning encumbrances is NOT true -
✓✓All encumbrances are liens
• Which of the following is NOT a specific lien -✓✓State inheritance taxes
• You have entered into a lease that requires you to pay 20% of the owners
expenses. Your lease would be an example of a -✓✓net lease
• If a husband and wife own an apartment building and the husband owns an
undivided three-fourths interest and the wife owns a one-fourth interest, what
type of tenancy exists? -✓✓Tenancy in common
• The highest form of ownership interest a person may hold in real estate is -
✓✓fee simple
• Two unrelated people own a three-unit apartment building as tenants in
common. One wants to sell but the other does not which of the following
statement describes the legal rights of the party who wants to sell? -✓✓The party
may request a court to partition the building
• Your aunt died in-estate and you inherited her house, The way in which you
acquired the title to her house is by -✓✓descent
• All of the following statements correctly describe a legal life estate EXCEPT -
✓✓During his or her life estate, the life tenant is generally answerable to the
holder of the future interest
• A time share estate isn't a -✓✓lease hold estate
, • A state wants to build a publicity owned convention center to attract private
development in its largest city. Can the state use eminent domain to acquire the
land -✓✓Yes, if just compensation is paid to the owners of the land
• The city in which you live has a zoning ordinance. The basis for the city to have
such an ordinance is -✓✓Police Power
• Police power-deed restriction -✓✓are not related
• Strict liability under Superfund means that... -✓✓the owner is responsible to the
injured party without excuse
• All of the following correctly describes how real estate licensees should handle
the possibility of hazardous substances on a property being sold EXCEPT -
✓✓Licensees should not disclose the problem, becuase it might harm the seller
• Sources of groundwater contamination do NOT include -✓✓Radon
• your neighbor has given you revocable permissions to go hunting on his farm.
You have a -✓✓license
• A claim based on adverse possession of property must NOT be -✓✓secretive
• A person who receives real property by will is called a -✓✓devisee
• Riparian rights would exist in a -✓✓cooperative on a river
• A developer was able to buy two adjoining single-family lots for $20,000 each.
He combined the lots into one parcel with a value of $90,000. The developers
action reflects the process of -✓✓plottage
• In the appraisal of a public building, an appraiser would use the -✓✓cost
approach
• A restaurant opened in a neighborhood and was enjoying substantial profits.
Within a year, another restaurant was built across the street and resulted in the
Questions and 100% Correct Answers (Top Score
Assurance)
• The servient estate in an easement appurtenant is the property -✓✓on which
the easement is placed
• Which of the following statements concerning encumbrances is NOT true -
✓✓All encumbrances are liens
• Which of the following is NOT a specific lien -✓✓State inheritance taxes
• You have entered into a lease that requires you to pay 20% of the owners
expenses. Your lease would be an example of a -✓✓net lease
• If a husband and wife own an apartment building and the husband owns an
undivided three-fourths interest and the wife owns a one-fourth interest, what
type of tenancy exists? -✓✓Tenancy in common
• The highest form of ownership interest a person may hold in real estate is -
✓✓fee simple
• Two unrelated people own a three-unit apartment building as tenants in
common. One wants to sell but the other does not which of the following
statement describes the legal rights of the party who wants to sell? -✓✓The party
may request a court to partition the building
• Your aunt died in-estate and you inherited her house, The way in which you
acquired the title to her house is by -✓✓descent
• All of the following statements correctly describe a legal life estate EXCEPT -
✓✓During his or her life estate, the life tenant is generally answerable to the
holder of the future interest
• A time share estate isn't a -✓✓lease hold estate
, • A state wants to build a publicity owned convention center to attract private
development in its largest city. Can the state use eminent domain to acquire the
land -✓✓Yes, if just compensation is paid to the owners of the land
• The city in which you live has a zoning ordinance. The basis for the city to have
such an ordinance is -✓✓Police Power
• Police power-deed restriction -✓✓are not related
• Strict liability under Superfund means that... -✓✓the owner is responsible to the
injured party without excuse
• All of the following correctly describes how real estate licensees should handle
the possibility of hazardous substances on a property being sold EXCEPT -
✓✓Licensees should not disclose the problem, becuase it might harm the seller
• Sources of groundwater contamination do NOT include -✓✓Radon
• your neighbor has given you revocable permissions to go hunting on his farm.
You have a -✓✓license
• A claim based on adverse possession of property must NOT be -✓✓secretive
• A person who receives real property by will is called a -✓✓devisee
• Riparian rights would exist in a -✓✓cooperative on a river
• A developer was able to buy two adjoining single-family lots for $20,000 each.
He combined the lots into one parcel with a value of $90,000. The developers
action reflects the process of -✓✓plottage
• In the appraisal of a public building, an appraiser would use the -✓✓cost
approach
• A restaurant opened in a neighborhood and was enjoying substantial profits.
Within a year, another restaurant was built across the street and resulted in the
