PSI NATIONAL REAL ESTATE
CERTIFICATION EVALUATION 2026
QUESTIONS WITH SOLUTIONS GRADED A+
⩥ Two unmarried people purchased a property together with unequal
interests in the property. Which statement is true? Answer: they may sell
their interest without the others permission
⩥ A gap in the chain of title creates: Answer: cloud on title
⩥ what does a lender most rely on when deciding how much is safe to
lend on a parcel of Real Estate? Answer: Appraisal report
⩥ when may a broker legally refuse a listing? Answer: when seller
cannot give clear title.
⩥ In many states, usury laws Answer: Establish a maximum rate of
interest allowed for loans
⩥ Buyers write an offer for $325,000 with 20% down payment, which is
accepted. They must pay 1 1/2 discount points to obtain financing. What
amount will they owe for points? Answer: 3900
, ⩥ a buyer and a principal agent enter into a 3 month exclusive buyer
agency agreement. during this time the principal broker may? Answer:
may not show a property to other buyers until the buyer decides if he
wants to make an offer
⩥ The buyers wrote the offer contingent upon their ability to obtain
financing. What is the MOST likely scenario in the event of the bank
denying their loan? Answer: the buyer will receive the earnest money
back as the contract becomes void when the contingency failed to be
satisfied
⩥ In order to collect a commission, which of the following is a
REQUIREMENT for a broker with an open listing? Answer: The broker
or one of his licensees must be the procuring cause
⩥ In general, option contracts Answer: must be in writing
⩥ who establishes zoning ordinances Answer: local authorities
⩥ A complete and historical summary of all recorded documents that
affect the title of a property is? Answer: abstract of title
⩥ A real estate licensee who represents a buyer may do all of the
following except? Answer: disclose the highest price the buyer is willing
to pay
CERTIFICATION EVALUATION 2026
QUESTIONS WITH SOLUTIONS GRADED A+
⩥ Two unmarried people purchased a property together with unequal
interests in the property. Which statement is true? Answer: they may sell
their interest without the others permission
⩥ A gap in the chain of title creates: Answer: cloud on title
⩥ what does a lender most rely on when deciding how much is safe to
lend on a parcel of Real Estate? Answer: Appraisal report
⩥ when may a broker legally refuse a listing? Answer: when seller
cannot give clear title.
⩥ In many states, usury laws Answer: Establish a maximum rate of
interest allowed for loans
⩥ Buyers write an offer for $325,000 with 20% down payment, which is
accepted. They must pay 1 1/2 discount points to obtain financing. What
amount will they owe for points? Answer: 3900
, ⩥ a buyer and a principal agent enter into a 3 month exclusive buyer
agency agreement. during this time the principal broker may? Answer:
may not show a property to other buyers until the buyer decides if he
wants to make an offer
⩥ The buyers wrote the offer contingent upon their ability to obtain
financing. What is the MOST likely scenario in the event of the bank
denying their loan? Answer: the buyer will receive the earnest money
back as the contract becomes void when the contingency failed to be
satisfied
⩥ In order to collect a commission, which of the following is a
REQUIREMENT for a broker with an open listing? Answer: The broker
or one of his licensees must be the procuring cause
⩥ In general, option contracts Answer: must be in writing
⩥ who establishes zoning ordinances Answer: local authorities
⩥ A complete and historical summary of all recorded documents that
affect the title of a property is? Answer: abstract of title
⩥ A real estate licensee who represents a buyer may do all of the
following except? Answer: disclose the highest price the buyer is willing
to pay
