Page 1 of 13
PSI REAL ESTATE SALESPERSON EXAMINATION
I/ PSI REAL ESTATE SALES PERSON EXAM
RECENT COMPLETE VERSION ALL QUESTIONS
AND ANSWERS/ BEST GRADED +
Which of the following would not be considered real property? - ANSWER:
leasehold estate
There servient estate in an easement appurtenant is the property: - ANSWER: on
which the easement is placed
Which of the following statements concerning encumbrances is NOT true: -
ANSWER: All ecumbrances are liens
Which of the following is not a specific lien? - ANSWER: State inheritance taxes
You have to entered into a lease that requires you to pay 20 percent of the owner's
expenses. Your lease would be an example of a: - ANSWER: net lease
If a husband and wife own an apartment building and the husband owns an
undivided three-fourths interest and the wife owns one-fourth interest, what type of
tenancy exist? - ANSWER: Tenancy in common
The highest form of ownership a person may hold in real estate is: - ANSWER:
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 statements
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describes the legal rights of the party who wants to sell? - ANSWER: The party
may request a court to partition the building.
Your aunt died intestate and you inherited her house. The way in which you
acquired the title to her house is by: - ANSWER: descent
Which of the following statements does NOT correctly describe a legal life estate?
- ANSWER: During his or her life estate the life tenant is generally answerable to
the holder of the future interest.
Which of the following is NOT a leasehold estate: - ANSWER: Time-share estate
You are married and own a house under a form of ownership that prohibits you
from selling it without the signature of your spouse. Your form of ownership is
LEAST likely to be: - ANSWER: in severalty
A state wants to build an publicly owned convention center to attract private
development in it's largest city. Can the state use eminent domain to acquire the
land? - ANSWER: Yes, if compensation is paid to the owners of the land.
Which of the following grants zoning authority to municipal government: -
ANSWER: State enabling acts
The city in which you live has a zoning ordinance. The basis for the city have such
an ordinance is: - ANSWER: police power
Which of the following terms are NOT related? - ANSWER: Police power-deed
restriction
PSI REAL ESTATE SALESPERSON EXAMINATION
I/ PSI REAL ESTATE SALES PERSON EXAM
RECENT COMPLETE VERSION ALL QUESTIONS
AND ANSWERS/ BEST GRADED +
Which of the following would not be considered real property? - ANSWER:
leasehold estate
There servient estate in an easement appurtenant is the property: - ANSWER: on
which the easement is placed
Which of the following statements concerning encumbrances is NOT true: -
ANSWER: All ecumbrances are liens
Which of the following is not a specific lien? - ANSWER: State inheritance taxes
You have to entered into a lease that requires you to pay 20 percent of the owner's
expenses. Your lease would be an example of a: - ANSWER: net lease
If a husband and wife own an apartment building and the husband owns an
undivided three-fourths interest and the wife owns one-fourth interest, what type of
tenancy exist? - ANSWER: Tenancy in common
The highest form of ownership a person may hold in real estate is: - ANSWER:
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 statements
, Page 2 of 13
describes the legal rights of the party who wants to sell? - ANSWER: The party
may request a court to partition the building.
Your aunt died intestate and you inherited her house. The way in which you
acquired the title to her house is by: - ANSWER: descent
Which of the following statements does NOT correctly describe a legal life estate?
- ANSWER: During his or her life estate the life tenant is generally answerable to
the holder of the future interest.
Which of the following is NOT a leasehold estate: - ANSWER: Time-share estate
You are married and own a house under a form of ownership that prohibits you
from selling it without the signature of your spouse. Your form of ownership is
LEAST likely to be: - ANSWER: in severalty
A state wants to build an publicly owned convention center to attract private
development in it's largest city. Can the state use eminent domain to acquire the
land? - ANSWER: Yes, if compensation is paid to the owners of the land.
Which of the following grants zoning authority to municipal government: -
ANSWER: State enabling acts
The city in which you live has a zoning ordinance. The basis for the city have such
an ordinance is: - ANSWER: police power
Which of the following terms are NOT related? - ANSWER: Police power-deed
restriction
