PSI Real Estate Salesperson exam 1 Questions and Answers Updated 2026

PSI Real Estate
Salesperson exam
1 Questions and
Answers Updated
2026
WhichBofBtheBfollowingBwouldBNOTBbeBconsideredBRealBProperty?



1.BMineralBRights

2.BABLeaseholdBEstate

3.BFixtures

4.BAirB-BAnswerB2.BABLeaseholdBEstate



TheBservientBestateBinBanBeasementBappurtenantBisBtheBproperty



1.BownedBbyBtheBlandlord

2.BonBwhichBtheBeasementBisBplaced

3.BownedBbyBtheBtenant

4.BthatBbenefitsBfromBtheBeasementB-BAnswerB2.BonBwhichBtheBeasementBisBplaced



WhichBofBtheBfollowingBstatementsBconcerningBencumbrancesBisBNOTBtrue



1.BAllBencumbrancesBareBliens

,2.BAllBliensBareBencumbrances

3.BRestrictionsBbeneficialBtoBtheBgranteeBareBencumbrances

4.BAnBeasementBisBaBphysicalBencumbranceB-BAnswerB1.BAllBencumbrancesBareBliens



WhichBofBtheBfollowingBisBnotBaBspecificBlien?



1.BMortgageBLien

2.BStateBinheritanceBtax

3.BRealBEstateBtaxes

4.BMechanic'sBLienB-BAnswerB2.BStateBInheritanceBtax



YouBhaveBenteredBintoBaBleaseBthatBrequiresByouBtoBpayB20%BofBtheBownersBexpens
es.BYourBleaseBwouldBbeBanBexampleBof



1.BvariableBlease

2.BnetBlease

3.BpercentageBlease

4.BgrossBleaseB-BAnswerB2.BNetBlease



IfBaBhusbandBandBwifeBownBanBapartmentBbuildingBandBtheBhusbandBownsBanBundiv
idedBthree-fourthsBinterestBandBtheBwifeBownsBaBone-
fourthBinterest,BwhatBtypeBofBtenancyBexists?



1.BLeaseholdBEstate

2.BJointBtenancy

3.BTenancyBinBcommon

4.BTenancyBbyBtheBentiretyB-BAnswerB3.BTenancyBinBcommon



TheBhighestBformBofBownershipBaBpersonBmayBholdBinBRealBEstateBis?

, 1.BLifeBEstate

2.BFeeBSimple

3.BLegalBlifeBestate

4.BbaseBfeeB-BAnswerB2.BFeeBsimple



TwoBunrelatedBpeopleBownBaBthree-
unitBapartmentBbuildingBasBtenantsBinBcommon.BOneBwantsBtoBsellBbutBtheBothersBd
oBnot.BWhichBofBtheBfollowingBstatementsBdescribesBtheBlegalBrightsBofBtheBpartyBw
hoBwantsBtoBsell?



1.BTheBpartyBmayBrequestBaBcourtBtoBpartitionBtheBbuilding

2.BTheBpartyBmayBrequireBtheBco-ownerBtoBsell

3.BTheBpartyBmayBrecordBaBlisBpendenBonBtheBproperty

4.BTheBpartyBmayBrefinanceBtheBmortgageBinBhisBorBherBownBname,BthusBeliminating
BtheBco-owner'sBinterestBinBtheBpropertyB-
BAnswerB1.BTheBpartyBmayBrequestBaBcourtBtoBpartitionBtheBbuilding



YourBauntBdiedBintestateBandByouBinheritedBherBhouse.BTheBwayBinBwhichByouBacqui
redBtheBtitleBtoBherBhouseBisBby:



1.Bcurtsey

2.Bdescent

3.Bescheat

4.BlachesB-BAnswerB2.Bdescent



WhichBofBtheBfollowingBstatementsBdoesBNOTBcorrectlyBdescribeBaBlegalBlifeBestate?



1.BDuringBhisBorBherBlifeBestateBtheBlifeBtenantBisBgenerallyBAnswerableBtoBtheBholde
rBofBtheBfutureBinterest.