PSI National Real Estate Exam Latest 2025/2026
Complete
Questions And100% Correct Detailed Answers (Verified
Answers)
|Already GradedA+|
A purchaser in the secondary mortgage market is
=ANSWER=Federal National Mortgage Association
A real estate committee met and decided to simplify real
estate in an area by having one commission structure at a
low rate for all consumers. Is this legal? =ANSWER=No-
this is price fixing
,A broker lists a property and begins marketing it. The
seller sells the property to a neighbor and pays the broker
a full commission, What type of listing agreement was
signed?" =ANSWER=Exclusive Right to sell
A broker states "this is the best house in the
neighborhood," and the buyer purchases the home. Later
the buyer finds out it is not the best house in the
neighborhood. Can the buyer sue the broker?
=ANSWER=No, since the broker was clearly puffing
A buyer and seller have a contract which states the buyer
can buy the property for $120,000 and close the sale
before 12/31/2014. What type of contract exists?
=ANSWER=Option
, A buyer is purchasing a property for $95,000. The seller
has an existing mortgage of $65,750 which the buyer is
assuming. The buyer has already deposited a $2,500
earnest money check. The seller agreed to pay a listing
commission of 6.5% of the sales price. How much cash
will the buyer need at the closing? =ANSWER=$26,750
A buyer makes an offer on a property that the seller
accepts. While waiting for an inspection, the buyers see
another property that they like even better. They draft an
offer on that property which is accepted by that seller.
What statement about the offers is true? =ANSWER=Both
offers are Valid Offers
Complete
Questions And100% Correct Detailed Answers (Verified
Answers)
|Already GradedA+|
A purchaser in the secondary mortgage market is
=ANSWER=Federal National Mortgage Association
A real estate committee met and decided to simplify real
estate in an area by having one commission structure at a
low rate for all consumers. Is this legal? =ANSWER=No-
this is price fixing
,A broker lists a property and begins marketing it. The
seller sells the property to a neighbor and pays the broker
a full commission, What type of listing agreement was
signed?" =ANSWER=Exclusive Right to sell
A broker states "this is the best house in the
neighborhood," and the buyer purchases the home. Later
the buyer finds out it is not the best house in the
neighborhood. Can the buyer sue the broker?
=ANSWER=No, since the broker was clearly puffing
A buyer and seller have a contract which states the buyer
can buy the property for $120,000 and close the sale
before 12/31/2014. What type of contract exists?
=ANSWER=Option
, A buyer is purchasing a property for $95,000. The seller
has an existing mortgage of $65,750 which the buyer is
assuming. The buyer has already deposited a $2,500
earnest money check. The seller agreed to pay a listing
commission of 6.5% of the sales price. How much cash
will the buyer need at the closing? =ANSWER=$26,750
A buyer makes an offer on a property that the seller
accepts. While waiting for an inspection, the buyers see
another property that they like even better. They draft an
offer on that property which is accepted by that seller.
What statement about the offers is true? =ANSWER=Both
offers are Valid Offers
