1|Page
PSI National Real Estate Exam Newest 2026 Complete
Questions And Correct Detailed Answers (Verified
Answers) |Newest Version!!!
Recently a homeowner suffered damage to their heating
and cooling system due to normal wear and tear through
the years. What offers coverage for this type of property
damage? - Answer-Home Warranty
Which act can a transaction broker not perform? - Answer-
negotiate a sales price
Which of the following forces has an impact on value? -
Answer-both economic and political
Which category of water is a stream? - Answer-
Watercourse
A building that is valued at $510000 isbeing depreciated
over 39 years. After 10 years, how much will the building
have depreciated? - Answer-$130,769.20
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What is generally the cause of an eviction? - Answer-A
failure to perform under the lease agreement
A broker discovers there is a broken stove in the kitchen.
Must they disclose this? - Answer-Yes, because it is a
material fact.
Mason and nicole are in a lease agreement. Recently
Mason excluded Nicole, the tenant, from the leased
property. Which of the following words described what
occured? - Answer-Physical eviction
A lot has a frontage of 35' and a depth of 60'. What is the
area of the lot? - Answer-2100 sq ft
Which of the following is a defense against performance,
and renders an obligation discharged? - Answer-Death
Evelyn and Fran are in a lease agreement; Evelyn is the
tenant and Fran is the landlord. Evelyn pays a flat fee for a
leased premises and pays for utilities and property taxes.
What type of lease is this? - Answer-Net Lease
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What is a physical measurement of property boundaries? -
Answer-A survey
What is not considered in evaluating comps in the sales
comparison approach? - Answer-Sales price that the
current owner paid for the property
Which of the following best describes a contract that is
made with a person under the age of majority? - Answer-
Voidable
Some jurisdictions require joint tenancy to be created by
the 4 unities of title. Which of the following is not one of
the unities? - Answer-Propriety
Which type of agency is not valid in real estate
transactions? - Answer-Implied agency
What is the owner's equity in a property they purchased
for $170,000 if there is a remaining mortgage of $50,000?
- Answer-$120,000
PSI National Real Estate Exam Newest 2026 Complete
Questions And Correct Detailed Answers (Verified
Answers) |Newest Version!!!
Recently a homeowner suffered damage to their heating
and cooling system due to normal wear and tear through
the years. What offers coverage for this type of property
damage? - Answer-Home Warranty
Which act can a transaction broker not perform? - Answer-
negotiate a sales price
Which of the following forces has an impact on value? -
Answer-both economic and political
Which category of water is a stream? - Answer-
Watercourse
A building that is valued at $510000 isbeing depreciated
over 39 years. After 10 years, how much will the building
have depreciated? - Answer-$130,769.20
,2|Page
What is generally the cause of an eviction? - Answer-A
failure to perform under the lease agreement
A broker discovers there is a broken stove in the kitchen.
Must they disclose this? - Answer-Yes, because it is a
material fact.
Mason and nicole are in a lease agreement. Recently
Mason excluded Nicole, the tenant, from the leased
property. Which of the following words described what
occured? - Answer-Physical eviction
A lot has a frontage of 35' and a depth of 60'. What is the
area of the lot? - Answer-2100 sq ft
Which of the following is a defense against performance,
and renders an obligation discharged? - Answer-Death
Evelyn and Fran are in a lease agreement; Evelyn is the
tenant and Fran is the landlord. Evelyn pays a flat fee for a
leased premises and pays for utilities and property taxes.
What type of lease is this? - Answer-Net Lease
, 3|Page
What is a physical measurement of property boundaries? -
Answer-A survey
What is not considered in evaluating comps in the sales
comparison approach? - Answer-Sales price that the
current owner paid for the property
Which of the following best describes a contract that is
made with a person under the age of majority? - Answer-
Voidable
Some jurisdictions require joint tenancy to be created by
the 4 unities of title. Which of the following is not one of
the unities? - Answer-Propriety
Which type of agency is not valid in real estate
transactions? - Answer-Implied agency
What is the owner's equity in a property they purchased
for $170,000 if there is a remaining mortgage of $50,000?
- Answer-$120,000
