PSI REAL ESTATE EXAM 2025/2026 LATEST
VERSION ALL 350 COMPLETE EXPERTLY TESTED
QUESTIONS CORRECT DETAILED AND VERIFIED
Page | 1
ANSWERS| GURANTEED PASS| TOP RATED A+.
PSI REAL ESTATE
Pass the PSI NJ Real Estate exam 2025/2026 with confidence. This exam
resource features questions in areas like: property ownership, contracts,
financing, and state real estate laws. It is best suited for students taking
New Jersey real estate licensing courses to become salespersons or brokers.
Real property ...... ANSWER ......The land and anything permanently
affixed to it
Fixture ...... ANSWER ......An item of personal property that has
been converted to real estate by being permanently affixed to the land
or building
A Fixture ...... ANSWER ......Personal property attached to real
property. It becomes "real" once annexed. If detached from land or
building it would revert back to personal property (severance).
Trade fixture ...... ANSWER ......An item installed by commercial
tenant and removable by tenant before expiration of lease
Area preference or situs ...... ANSWER ......This refers to people's
choices and desires for a given area. Location
, Metes and bounds ...... ANSWER ......A legal description that starts
and ends at a point of beginning.
Page | 2
Rectangular (government) survey ...... ANSWER ......Based on
measurements from baselines and principle meridians.
Meridian ...... ANSWER ......Run north and south
Base lines ...... ANSWER ......Run east and west
Township ...... ANSWER ......Six miles square (36 square miles)
1 acre ...... ANSWER ......43,560 square feet
Subdivision plats ...... ANSWER ......Location of an individual parcel
is indicated on a map of the subdivision which is divided into
numbered blocks and lots.
Easement ...... ANSWER ......It is a right acquired by one party to use
the land of another party for specific purpose.
Encumbrances ...... ANSWER ......A charge, claim, or liability that
attaches to and is binding on real estate.
, Real estate taxes and special assessments ...... ANSWER ......Usually
take priority over all other liens.
Page | 3
General lien ...... ANSWER ......Inheritance tax, a judgement or court
decree. A lien that applies to all of debtor's property.
Specific lien ...... ANSWER ......Real estate taxes, mortgages and
mechanic liens. Liens specifically on the property.
Appurtenant easements ...... ANSWER ......They "run with the land"
and are not terminated by the sale of either the servient or dominant
tenement.
Easement of necessity ...... ANSWER ......Will arise when there is not
other access to a property by a street or public way and the easement is
required by necessity rather than for convenience.
Easements by prescription ...... ANSWER ......Acquired when the
claimant has made the use of anothers land for the prescriptive period.
The claimant must have been continuous without owners approval,
visible, open and notorious.
Encroachments ...... ANSWER ......Illegal extensions of a building or
some other improvements, such as a wall or fence, beyond the
, boundaries of the land of its owners and onto the land of an adjoining
owner.
Page | 4
Freehold estates ...... ANSWER ......Estates of indeterminable length,
such as those existing for a life time or forever.
Fee simple ...... ANSWER ......Highest type of interest in real estate
recognized by law. The holder is entitled to all rights incident to the
property. Continues for indefinite period and is inheritable by heirs of
owner.
Defeasible fee ...... ANSWER ......Continues for an indefinite period.
May be inherited. Ownership with a condition.
Life estate ...... ANSWER ......Limited in durations to life of a life
tenant or life or lives of some other designated person or persons.
Remainder interest ...... ANSWER ......Used with a Life Estate. The
deed or the will names a third party to whom title will pass on the
death of the life estate owner, then such party is said to own remainder
interest.
Dower ...... ANSWER ......Wife's estate in all inheritbale real estate
of the deceased husband.
In severalty ...... ANSWER ......one owner
VERSION ALL 350 COMPLETE EXPERTLY TESTED
QUESTIONS CORRECT DETAILED AND VERIFIED
Page | 1
ANSWERS| GURANTEED PASS| TOP RATED A+.
PSI REAL ESTATE
Pass the PSI NJ Real Estate exam 2025/2026 with confidence. This exam
resource features questions in areas like: property ownership, contracts,
financing, and state real estate laws. It is best suited for students taking
New Jersey real estate licensing courses to become salespersons or brokers.
Real property ...... ANSWER ......The land and anything permanently
affixed to it
Fixture ...... ANSWER ......An item of personal property that has
been converted to real estate by being permanently affixed to the land
or building
A Fixture ...... ANSWER ......Personal property attached to real
property. It becomes "real" once annexed. If detached from land or
building it would revert back to personal property (severance).
Trade fixture ...... ANSWER ......An item installed by commercial
tenant and removable by tenant before expiration of lease
Area preference or situs ...... ANSWER ......This refers to people's
choices and desires for a given area. Location
, Metes and bounds ...... ANSWER ......A legal description that starts
and ends at a point of beginning.
Page | 2
Rectangular (government) survey ...... ANSWER ......Based on
measurements from baselines and principle meridians.
Meridian ...... ANSWER ......Run north and south
Base lines ...... ANSWER ......Run east and west
Township ...... ANSWER ......Six miles square (36 square miles)
1 acre ...... ANSWER ......43,560 square feet
Subdivision plats ...... ANSWER ......Location of an individual parcel
is indicated on a map of the subdivision which is divided into
numbered blocks and lots.
Easement ...... ANSWER ......It is a right acquired by one party to use
the land of another party for specific purpose.
Encumbrances ...... ANSWER ......A charge, claim, or liability that
attaches to and is binding on real estate.
, Real estate taxes and special assessments ...... ANSWER ......Usually
take priority over all other liens.
Page | 3
General lien ...... ANSWER ......Inheritance tax, a judgement or court
decree. A lien that applies to all of debtor's property.
Specific lien ...... ANSWER ......Real estate taxes, mortgages and
mechanic liens. Liens specifically on the property.
Appurtenant easements ...... ANSWER ......They "run with the land"
and are not terminated by the sale of either the servient or dominant
tenement.
Easement of necessity ...... ANSWER ......Will arise when there is not
other access to a property by a street or public way and the easement is
required by necessity rather than for convenience.
Easements by prescription ...... ANSWER ......Acquired when the
claimant has made the use of anothers land for the prescriptive period.
The claimant must have been continuous without owners approval,
visible, open and notorious.
Encroachments ...... ANSWER ......Illegal extensions of a building or
some other improvements, such as a wall or fence, beyond the
, boundaries of the land of its owners and onto the land of an adjoining
owner.
Page | 4
Freehold estates ...... ANSWER ......Estates of indeterminable length,
such as those existing for a life time or forever.
Fee simple ...... ANSWER ......Highest type of interest in real estate
recognized by law. The holder is entitled to all rights incident to the
property. Continues for indefinite period and is inheritable by heirs of
owner.
Defeasible fee ...... ANSWER ......Continues for an indefinite period.
May be inherited. Ownership with a condition.
Life estate ...... ANSWER ......Limited in durations to life of a life
tenant or life or lives of some other designated person or persons.
Remainder interest ...... ANSWER ......Used with a Life Estate. The
deed or the will names a third party to whom title will pass on the
death of the life estate owner, then such party is said to own remainder
interest.
Dower ...... ANSWER ......Wife's estate in all inheritbale real estate
of the deceased husband.
In severalty ...... ANSWER ......one owner
