NATIONAL REAL ESTATE (2025/2026) EXAM PSI
WITH ALL COMPLETE QUESTIONS AND
DETAILED CORRECT VERIFIED ANSWERS
Page | 1
(EXPERTLY VERIFIED) GUARANTEED
PASS|ALREADY TOP RATED A+.
PSI
Prepare effectively for the National Real Estate Exam PSI 2025/2026
with this comprehensive study guide in confidence. Questions featured
Includes key concepts on property laws, contracts, financing, and real
estate practices. Ideal for candidates aiming to pass the PSI exam and
launch their real estate career.
The doctrine of laches refers to the _______ of restrictive
covenants/deed restrictions.
-Creation
-Enforcement
-History
-Types ..... ANSWER ..... Enforcement
Roberto, a licensee, filled in the blanks on a standard form
used in his brokerage firm. Is this okay?
-No, because he's not an attorney, he shouldn't prepare
contracts.
, -No, he should have his client complete any forms.
-Yes, licensees can use standard forms originally created or
approved by an attorney.
Page | 2
-Yes, real estate licensees may draft contracts and fill in
blanks on existing contracts. ..... ANSWER ..... Yes,
licensees can use standard forms originally created or
approved by an attorney.
Derrick was thrilled to find out that the land he purchased
includes several small caves. He's been spelunking for about
three years and looks forward to exploring the caves on
weekends. Which real property right allows him to do so?
-Disposition
-Enjoyment
-Exclusion
-Possession ..... ANSWER ..... Enjoyment
Lawrence is a buyer closing on a home purchase for which
he's obtaining financing. He receives a Loan Estimate from
his lender. What's the purpose of this document?
-To detail the amount Lawrence needs to bring to closing
, -To detail the estimated closing costs for Lawrence's loan
-To disclose the interest rates available on this lender's
various loan programs
Page | 3
-To disclose the lender's source of loan funds .....
ANSWER ..... To detail the estimated closing costs for
Lawrence's loan
**The Loan Estimate, which the lender must provide within
three days of loan application, provides an estimate of
mortgage loan costs.
Claire rents 1,100 square feet of office space in a new
professional building. Her rent payment includes all utilities
and property taxes, but she pays separately for custodial
services. What kind of lease does Claire have?
-Full-service lease
-Modified gross lease
-Percentage lease
-Triple-net lease ..... ANSWER ..... Modified gross
lease
**A modified gross lease typically includes all the nets in the
base rent, but not utilities and/or janitorial services.
, Marlon and Leah are interested in buying a home in a new
homeowner opportunity area. The 100-year-old row house
Page | 4
was renovated and is like new on the inside. The property
taxes decreased by more than $5,000 last year. What's the
likely reason for this?
-Introductory rates
-Seller error
-Tax abatement
-Tax reassessment ..... ANSWER ..... Tax abatement
**A tax abatement program will lower the property taxes on
a given property for a set amount of time. This is typically in
response to some sort of improvement or rehabilitation, or
for some new construction properties.
Which of the following is an example of price fixing?
-A brokerage requires all licensees to offer a fair cooperative
brokerage fee.
-Three brokerages agree to purchase office supplies together
to obtain a bulk discount.
WITH ALL COMPLETE QUESTIONS AND
DETAILED CORRECT VERIFIED ANSWERS
Page | 1
(EXPERTLY VERIFIED) GUARANTEED
PASS|ALREADY TOP RATED A+.
PSI
Prepare effectively for the National Real Estate Exam PSI 2025/2026
with this comprehensive study guide in confidence. Questions featured
Includes key concepts on property laws, contracts, financing, and real
estate practices. Ideal for candidates aiming to pass the PSI exam and
launch their real estate career.
The doctrine of laches refers to the _______ of restrictive
covenants/deed restrictions.
-Creation
-Enforcement
-History
-Types ..... ANSWER ..... Enforcement
Roberto, a licensee, filled in the blanks on a standard form
used in his brokerage firm. Is this okay?
-No, because he's not an attorney, he shouldn't prepare
contracts.
, -No, he should have his client complete any forms.
-Yes, licensees can use standard forms originally created or
approved by an attorney.
Page | 2
-Yes, real estate licensees may draft contracts and fill in
blanks on existing contracts. ..... ANSWER ..... Yes,
licensees can use standard forms originally created or
approved by an attorney.
Derrick was thrilled to find out that the land he purchased
includes several small caves. He's been spelunking for about
three years and looks forward to exploring the caves on
weekends. Which real property right allows him to do so?
-Disposition
-Enjoyment
-Exclusion
-Possession ..... ANSWER ..... Enjoyment
Lawrence is a buyer closing on a home purchase for which
he's obtaining financing. He receives a Loan Estimate from
his lender. What's the purpose of this document?
-To detail the amount Lawrence needs to bring to closing
, -To detail the estimated closing costs for Lawrence's loan
-To disclose the interest rates available on this lender's
various loan programs
Page | 3
-To disclose the lender's source of loan funds .....
ANSWER ..... To detail the estimated closing costs for
Lawrence's loan
**The Loan Estimate, which the lender must provide within
three days of loan application, provides an estimate of
mortgage loan costs.
Claire rents 1,100 square feet of office space in a new
professional building. Her rent payment includes all utilities
and property taxes, but she pays separately for custodial
services. What kind of lease does Claire have?
-Full-service lease
-Modified gross lease
-Percentage lease
-Triple-net lease ..... ANSWER ..... Modified gross
lease
**A modified gross lease typically includes all the nets in the
base rent, but not utilities and/or janitorial services.
, Marlon and Leah are interested in buying a home in a new
homeowner opportunity area. The 100-year-old row house
Page | 4
was renovated and is like new on the inside. The property
taxes decreased by more than $5,000 last year. What's the
likely reason for this?
-Introductory rates
-Seller error
-Tax abatement
-Tax reassessment ..... ANSWER ..... Tax abatement
**A tax abatement program will lower the property taxes on
a given property for a set amount of time. This is typically in
response to some sort of improvement or rehabilitation, or
for some new construction properties.
Which of the following is an example of price fixing?
-A brokerage requires all licensees to offer a fair cooperative
brokerage fee.
-Three brokerages agree to purchase office supplies together
to obtain a bulk discount.
