NATIONAL REAL ESTATE SALESPERSON
EXAM (PSI) 2 QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2025 Q&A | INSTANT
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1. Which of the following best describes the bundle of legal rights in real
property?
A. The right to build a structure on the land
B. The right to possess, control, enjoy, exclude, and dispose of the
property
C. The right to live on the land only
D. The right to use the property for commercial purposes only
Answer: B
The “bundle of rights” includes possession, control, enjoyment,
exclusion, and disposition of the property.
,2. Which of the following is an example of a trade fixture?
A. Built-in bookshelves in a home
B. A tenant’s pizza oven in a leased restaurant space
C. A window air-conditioning unit
D. Outdoor landscaping
Answer: B
Trade fixtures are items installed by a tenant for business use and
are removable by the tenant.
3. Which characteristic is NOT an economic characteristic of land?
A. Scarcity
B. Improvements
C. Permanence of investment
D. Immobility
Answer: D
Immobility is a physical characteristic of land, not an economic one.
4. Which deed provides the greatest protection to the grantee?
A. Quitclaim deed
B. Bargain and sale deed
C. General warranty deed
D. Special warranty deed
Answer: C
A general warranty deed provides the most protection because it
covers the entire history of the title.
, 5. Which of the following would terminate an easement?
A. Nonuse for two years
B. Sale of the servient estate
C. Merger of the dominant and servient tenements
D. Death of the easement holder
Answer: C
When the dominant and servient tenements merge, there’s no longer
a need for the easement.
6. Which of these is an example of police power?
A. Zoning ordinances
B. A property tax lien
C. Eminent domain
D. Deed restrictions
Answer: A
Police power includes the right of government to enforce laws like
zoning for the public’s health and safety.
7. What does “adverse possession” allow a person to do?
A. Lease property without permission
B. Acquire title by occupying it openly and continuously
C. Sell property they don’t own
D. Borrow against a neighbor’s property
Answer: B
EXAM (PSI) 2 QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2025 Q&A | INSTANT
DOWNLOAD PDF
1. Which of the following best describes the bundle of legal rights in real
property?
A. The right to build a structure on the land
B. The right to possess, control, enjoy, exclude, and dispose of the
property
C. The right to live on the land only
D. The right to use the property for commercial purposes only
Answer: B
The “bundle of rights” includes possession, control, enjoyment,
exclusion, and disposition of the property.
,2. Which of the following is an example of a trade fixture?
A. Built-in bookshelves in a home
B. A tenant’s pizza oven in a leased restaurant space
C. A window air-conditioning unit
D. Outdoor landscaping
Answer: B
Trade fixtures are items installed by a tenant for business use and
are removable by the tenant.
3. Which characteristic is NOT an economic characteristic of land?
A. Scarcity
B. Improvements
C. Permanence of investment
D. Immobility
Answer: D
Immobility is a physical characteristic of land, not an economic one.
4. Which deed provides the greatest protection to the grantee?
A. Quitclaim deed
B. Bargain and sale deed
C. General warranty deed
D. Special warranty deed
Answer: C
A general warranty deed provides the most protection because it
covers the entire history of the title.
, 5. Which of the following would terminate an easement?
A. Nonuse for two years
B. Sale of the servient estate
C. Merger of the dominant and servient tenements
D. Death of the easement holder
Answer: C
When the dominant and servient tenements merge, there’s no longer
a need for the easement.
6. Which of these is an example of police power?
A. Zoning ordinances
B. A property tax lien
C. Eminent domain
D. Deed restrictions
Answer: A
Police power includes the right of government to enforce laws like
zoning for the public’s health and safety.
7. What does “adverse possession” allow a person to do?
A. Lease property without permission
B. Acquire title by occupying it openly and continuously
C. Sell property they don’t own
D. Borrow against a neighbor’s property
Answer: B
