PSI NATIONAL EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST 2025-
2026 ALREADY GRADED A+
A real estate broker enters into an agreement to represent a buyer who is
seeking a property to purchase, and remains a single agent throughout the
transaction. A seller with whom this broker negotiates is this broker's
A. client.
B. customer.
C. principal.
D. fiduciary. - ANSWERS-B. customer.
Limiting the neighborhoods in which a licensee shows houses because of a
buyer's race is:
A. puffing.
B. blockbusting.
C. rediining.
,D. steering. - ANSWERS-D. steering.
The listing broker may be due a commission, even when no sale occurred, if the
A. potential buyer was unable to obtain financing.
B. seller decided he no longer wished to sell.
C. seller refused a buyer's reasonable offer.
D. broker located a buyer who made an offer that met all of the selier's terms. -
ANSWERS-D. broker located a buyer who made an offer that met all of the
selier's terms.
A prospective purchaser wants to see if there is a recorded notice that a certain
property may be involved in litigation. The buyer would look for
A- lid pendens
B- tax certificate
C- recording statutes of that state
D- special assessments . - ANSWERS-A- lid pendens
with reference to a loan the principal is the
A- total amount of money paid by the borrower of the lenders over the Term of
the loan .
B- total amount borrowed
C- tittle or lien theory on which the transaction is based .
D- legal term for the borrower of funds . - ANSWERS-B- total amount borrowed
, A sellers disclosure form states there's no known material defects but the listing
agent discovered the asbestos wrapped around the pipes in the basement. The
licensee should :
A disclose the existence of asbestos to all buyers
B ask the sellers permission to disclose and abide by the sellers wishes
C suggest the buyers have a home inspection
D suggest to the seller that he wrap the pipes to contain potential airborne
contamination. - ANSWERS-A disclose the existence of asbestos to all buyers
You're explaining to your client that using electronic documents and signature
simplifies the homebuying process. Your client is skeptical about the signatures.
You describe the uniform electronica transactions act (UETA) and tell your client
A.) It gives electronic signatures the same legal weight as "wet" signatures
B.) It provides a guarantee that electronic signatures will hold up in court
C.) It requires states to permit electronic signatures on all real estate related
documents
D.) It takes precedence over state laws - ANSWERS-A.) It gives electronic
signatures the same legal weight as "wet" si
Under what circumstances can a licensee represent the buyer and the seller in
the same transaction:
A. The buyer and the seller agree to split the expense of the commission
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST 2025-
2026 ALREADY GRADED A+
A real estate broker enters into an agreement to represent a buyer who is
seeking a property to purchase, and remains a single agent throughout the
transaction. A seller with whom this broker negotiates is this broker's
A. client.
B. customer.
C. principal.
D. fiduciary. - ANSWERS-B. customer.
Limiting the neighborhoods in which a licensee shows houses because of a
buyer's race is:
A. puffing.
B. blockbusting.
C. rediining.
,D. steering. - ANSWERS-D. steering.
The listing broker may be due a commission, even when no sale occurred, if the
A. potential buyer was unable to obtain financing.
B. seller decided he no longer wished to sell.
C. seller refused a buyer's reasonable offer.
D. broker located a buyer who made an offer that met all of the selier's terms. -
ANSWERS-D. broker located a buyer who made an offer that met all of the
selier's terms.
A prospective purchaser wants to see if there is a recorded notice that a certain
property may be involved in litigation. The buyer would look for
A- lid pendens
B- tax certificate
C- recording statutes of that state
D- special assessments . - ANSWERS-A- lid pendens
with reference to a loan the principal is the
A- total amount of money paid by the borrower of the lenders over the Term of
the loan .
B- total amount borrowed
C- tittle or lien theory on which the transaction is based .
D- legal term for the borrower of funds . - ANSWERS-B- total amount borrowed
, A sellers disclosure form states there's no known material defects but the listing
agent discovered the asbestos wrapped around the pipes in the basement. The
licensee should :
A disclose the existence of asbestos to all buyers
B ask the sellers permission to disclose and abide by the sellers wishes
C suggest the buyers have a home inspection
D suggest to the seller that he wrap the pipes to contain potential airborne
contamination. - ANSWERS-A disclose the existence of asbestos to all buyers
You're explaining to your client that using electronic documents and signature
simplifies the homebuying process. Your client is skeptical about the signatures.
You describe the uniform electronica transactions act (UETA) and tell your client
A.) It gives electronic signatures the same legal weight as "wet" signatures
B.) It provides a guarantee that electronic signatures will hold up in court
C.) It requires states to permit electronic signatures on all real estate related
documents
D.) It takes precedence over state laws - ANSWERS-A.) It gives electronic
signatures the same legal weight as "wet" si
Under what circumstances can a licensee represent the buyer and the seller in
the same transaction:
A. The buyer and the seller agree to split the expense of the commission
