PSI National Real Estate Exam Newest 2025/2026 Complete Questions And Correct
Detailed Answers (Verified Answers) |Brand New Version!!
A homebuyer is reading through paperwork related to their upcoming home purchase when they come
across the following: "Southwest quarter of Southwest quarter (SW ¼ of SW ¼) and West Half of
Southeast quarter of Southwest quarter (W½ SE¼ SW¼) of Section Eleven (11), Township Four (4) North
of Range Eight (8) West." What did the homeowner find? - (answer)A) Legal description
B) Mortgage clause
C) Quitclaim deed
D) Tax description
Which of these situations represents the illegal practice of blockbusting? - (answer)A) Celia, a licensee,
distributed a flyer in several neighborhoods, claiming that gentrification of those neighborhoods will
increase property values.
B) Corbin tells homeowners in Five Points that an impending influx of Asian immigrants will reduce
property values.
C)Estelle, a broker, warns potential clients about the upcoming zoning change in a neighborhood that is
currently zoned as residential.
D) Kian, a mortgage broker, refuses to underwrite mortgage applications from applicants who are
Hispanic or Asian.
When Gillian looked at the legal description of the property she was interested in purchasing, she read
the following: "Beginning at the corner of State Route 61 and Hallowell Road, north for 314 feet, then
southwest for 193 feet." In this description, what does "Beginning at the corner of State Route 61 and
Hallowell Road" represent? - (answer)A) A benchmark
B) Bounds
C) Metes
,PSI National Real Estate Exam Newest 2025/2026 Complete Questions And Correct
Detailed Answers (Verified Answers) |Brand New Version!!
D) Monuments
Nico is buying a home for $625,000. His earnest money deposit is 8%. He wants to avoid private
mortgage insurance (PMI) on his conventional loan, and he owes 5% of the purchase price in closing
costs. How much money should he bring to closing? - (answer)A) $106,250
B) $156,250
C) $31,250
D) $81,250
If a private individual owner owns fewer than three single-family homes at one time, which exemption
from the Fair Housing Act could apply? - (answer)A) Housing designated for senior use
B) "Mrs. Murphy" exemption
C) Owner-occupied buildings with no more than six units
D) Single-family housing sold or rented without the use of a broker
A company in Raleigh leased a building so that it could build an escape room experience. After operating
for two years, attendance (and thus its profits) started to drop significantly, so it decided to close the
location. When the workers started taking down the installation, they realized that some of the
structures would damage the walls if they were to try to remove them. Which of these is true about
these trade fixtures? - (answer)A) If the company leaves them in place and the lease expires, they have
three months to remove them.
B) The company is required to leave the fixtures if they're attached.
,PSI National Real Estate Exam Newest 2025/2026 Complete Questions And Correct
Detailed Answers (Verified Answers) |Brand New Version!!
C) The company is required to take the fixtures and return the premise to its original condition.
D) The company may take the fixtures as long as he repairs any damage caused by removal.
A buyer is purchasing a property for $400,000. His lender's loan-to-value ratio is 80%. How much is the
buyer financing? - (answer)A) $320,000
B) $360,000
C) $400,000
D) $80,000
A property owner didn't have direct access to the small lake in their subdivision; they had an easement
arranged with their neighbor. Ten months ago, the developer built a public access road to the lake, so
the property owner stopped using the easement. What type of easement termination is this? -
(answer)A) Abandonment
B) Express
C) Merger
D) Necessity
Li Meng purchased a property that had been owned by the same man for more than 40 years. The title
search was clean. In the spring, she started seeing traffic on the path to her dock and discovered that
the previous owner had always allowed the locals to use his path to get to the lake. What covenant may
have been breached? - (answer)A) Against encumbrances
, PSI National Real Estate Exam Newest 2025/2026 Complete Questions And Correct
Detailed Answers (Verified Answers) |Brand New Version!!
B) Quiet enjoyment
C) Right to convey
D) Seisin
LaTonya's aunt left her a bungalow on the outskirts of the city. For many years, it was the place for
family holiday gatherings, and LaTonya's sister was even married there. That's why her family is so upset
to learn that she plans to sell the bungalow as soon as she gets it cleaned out. Which real property right
allows her to sell the property? - (answer)A) Control
B) Disposition
C) Exclusion
D) Possession
Alison and Brent are financing their house purchase of $232,500 with an FHA loan. Their credit score
qualifies them for the minimum down payment. What do they need to put down? - (answer)A)
$10,462.50
B) $11,625
C) $6,975
D) $8,137.50
Detailed Answers (Verified Answers) |Brand New Version!!
A homebuyer is reading through paperwork related to their upcoming home purchase when they come
across the following: "Southwest quarter of Southwest quarter (SW ¼ of SW ¼) and West Half of
Southeast quarter of Southwest quarter (W½ SE¼ SW¼) of Section Eleven (11), Township Four (4) North
of Range Eight (8) West." What did the homeowner find? - (answer)A) Legal description
B) Mortgage clause
C) Quitclaim deed
D) Tax description
Which of these situations represents the illegal practice of blockbusting? - (answer)A) Celia, a licensee,
distributed a flyer in several neighborhoods, claiming that gentrification of those neighborhoods will
increase property values.
B) Corbin tells homeowners in Five Points that an impending influx of Asian immigrants will reduce
property values.
C)Estelle, a broker, warns potential clients about the upcoming zoning change in a neighborhood that is
currently zoned as residential.
D) Kian, a mortgage broker, refuses to underwrite mortgage applications from applicants who are
Hispanic or Asian.
When Gillian looked at the legal description of the property she was interested in purchasing, she read
the following: "Beginning at the corner of State Route 61 and Hallowell Road, north for 314 feet, then
southwest for 193 feet." In this description, what does "Beginning at the corner of State Route 61 and
Hallowell Road" represent? - (answer)A) A benchmark
B) Bounds
C) Metes
,PSI National Real Estate Exam Newest 2025/2026 Complete Questions And Correct
Detailed Answers (Verified Answers) |Brand New Version!!
D) Monuments
Nico is buying a home for $625,000. His earnest money deposit is 8%. He wants to avoid private
mortgage insurance (PMI) on his conventional loan, and he owes 5% of the purchase price in closing
costs. How much money should he bring to closing? - (answer)A) $106,250
B) $156,250
C) $31,250
D) $81,250
If a private individual owner owns fewer than three single-family homes at one time, which exemption
from the Fair Housing Act could apply? - (answer)A) Housing designated for senior use
B) "Mrs. Murphy" exemption
C) Owner-occupied buildings with no more than six units
D) Single-family housing sold or rented without the use of a broker
A company in Raleigh leased a building so that it could build an escape room experience. After operating
for two years, attendance (and thus its profits) started to drop significantly, so it decided to close the
location. When the workers started taking down the installation, they realized that some of the
structures would damage the walls if they were to try to remove them. Which of these is true about
these trade fixtures? - (answer)A) If the company leaves them in place and the lease expires, they have
three months to remove them.
B) The company is required to leave the fixtures if they're attached.
,PSI National Real Estate Exam Newest 2025/2026 Complete Questions And Correct
Detailed Answers (Verified Answers) |Brand New Version!!
C) The company is required to take the fixtures and return the premise to its original condition.
D) The company may take the fixtures as long as he repairs any damage caused by removal.
A buyer is purchasing a property for $400,000. His lender's loan-to-value ratio is 80%. How much is the
buyer financing? - (answer)A) $320,000
B) $360,000
C) $400,000
D) $80,000
A property owner didn't have direct access to the small lake in their subdivision; they had an easement
arranged with their neighbor. Ten months ago, the developer built a public access road to the lake, so
the property owner stopped using the easement. What type of easement termination is this? -
(answer)A) Abandonment
B) Express
C) Merger
D) Necessity
Li Meng purchased a property that had been owned by the same man for more than 40 years. The title
search was clean. In the spring, she started seeing traffic on the path to her dock and discovered that
the previous owner had always allowed the locals to use his path to get to the lake. What covenant may
have been breached? - (answer)A) Against encumbrances
, PSI National Real Estate Exam Newest 2025/2026 Complete Questions And Correct
Detailed Answers (Verified Answers) |Brand New Version!!
B) Quiet enjoyment
C) Right to convey
D) Seisin
LaTonya's aunt left her a bungalow on the outskirts of the city. For many years, it was the place for
family holiday gatherings, and LaTonya's sister was even married there. That's why her family is so upset
to learn that she plans to sell the bungalow as soon as she gets it cleaned out. Which real property right
allows her to sell the property? - (answer)A) Control
B) Disposition
C) Exclusion
D) Possession
Alison and Brent are financing their house purchase of $232,500 with an FHA loan. Their credit score
qualifies them for the minimum down payment. What do they need to put down? - (answer)A)
$10,462.50
B) $11,625
C) $6,975
D) $8,137.50
