PSI NATIONAL REAL ESTATE COMPLETE
SOLUTION SCRIPT 2026 QUESTIONS WITH
ANSWERS GRADED A+
⩥ Tax Lien. Answer: A charge against property, created by operation of
law.
**take priority over ALL other liens**
⩥ Mechanic's Lien. Answer: Liens that arise from construction and other
improvements to real estate.
(if you don't pay your contractor for your new deck they could put a lien
on your house)
⩥ Lis Pendens. Answer: "pending action"
a recorded document that gives notice of action against the property
⩥ Super lien. Answer: unpaid condo fees, holds a position superior to
any mortgage
⩥ Easment. Answer: a right to cross or otherwise use someone else's
land for a specified purpose.
,⩥ Easment Appurtenant. Answer: most common type of easement -
benefits a neighboring property - (attaches itself to a piece of property,
it's said to run with the land)
**access to travel over the property to access another property when the
lots of property are adjoining
⩥ Dominant Tenement. Answer: Property that receives the benefit of an
appurtenant easement.
⩥ Easment in gross. Answer: Legal right to use another person's land for
as long as the owner owns that land.
(Attaches a particular right to an individual or entity rather than to the
property itself)
⩥ encroachment. Answer: the unapproved use of land by another
⩥ Covenants. Answer: private agreements, (usually in a neighborhood to
uphold certain visual or value standards, must cut lawn once a week)
⩥ a ventilation fan is built into a wall, the unit is:. Answer: real estate
, ⩥ X sells an estate to Y with no strings attached, this is an example of:.
Answer: fee
⩥ bequest. Answer: a gift of PERSONAL PROPERTY by a will
(Uncle Jim gives his nephew a boat upon his death)
⩥ Vicarious Liability. Answer: The broker of record is held liable for
acts comitted by agents affiliated with his/her agency.
(Legal responsibility placed on one person for the acts of another)
⩥ Procuring Cause of Sale. Answer: The actions of a real estate broker
that are the direct and primary cause of a real estate sale.
⩥ Commingled Funds. Answer: un-cashed checks, mixing clients funds
with any other funds
⩥ Net Listing. Answer: The broker agrees to sell the property in order to
achieve a net price to the owner, and anything which is received above
the net price is the broker's commission.
(agreement to sell for set amount and agent gets the rest $$ balance for
commission)
SOLUTION SCRIPT 2026 QUESTIONS WITH
ANSWERS GRADED A+
⩥ Tax Lien. Answer: A charge against property, created by operation of
law.
**take priority over ALL other liens**
⩥ Mechanic's Lien. Answer: Liens that arise from construction and other
improvements to real estate.
(if you don't pay your contractor for your new deck they could put a lien
on your house)
⩥ Lis Pendens. Answer: "pending action"
a recorded document that gives notice of action against the property
⩥ Super lien. Answer: unpaid condo fees, holds a position superior to
any mortgage
⩥ Easment. Answer: a right to cross or otherwise use someone else's
land for a specified purpose.
,⩥ Easment Appurtenant. Answer: most common type of easement -
benefits a neighboring property - (attaches itself to a piece of property,
it's said to run with the land)
**access to travel over the property to access another property when the
lots of property are adjoining
⩥ Dominant Tenement. Answer: Property that receives the benefit of an
appurtenant easement.
⩥ Easment in gross. Answer: Legal right to use another person's land for
as long as the owner owns that land.
(Attaches a particular right to an individual or entity rather than to the
property itself)
⩥ encroachment. Answer: the unapproved use of land by another
⩥ Covenants. Answer: private agreements, (usually in a neighborhood to
uphold certain visual or value standards, must cut lawn once a week)
⩥ a ventilation fan is built into a wall, the unit is:. Answer: real estate
, ⩥ X sells an estate to Y with no strings attached, this is an example of:.
Answer: fee
⩥ bequest. Answer: a gift of PERSONAL PROPERTY by a will
(Uncle Jim gives his nephew a boat upon his death)
⩥ Vicarious Liability. Answer: The broker of record is held liable for
acts comitted by agents affiliated with his/her agency.
(Legal responsibility placed on one person for the acts of another)
⩥ Procuring Cause of Sale. Answer: The actions of a real estate broker
that are the direct and primary cause of a real estate sale.
⩥ Commingled Funds. Answer: un-cashed checks, mixing clients funds
with any other funds
⩥ Net Listing. Answer: The broker agrees to sell the property in order to
achieve a net price to the owner, and anything which is received above
the net price is the broker's commission.
(agreement to sell for set amount and agent gets the rest $$ balance for
commission)
