National PSI EXAM PRACTICE TEST BANK FINAL EXAM ||
MOST RECENT EXAM 2026 ACTUAL COMPLETE REAL EXAM
QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) ALREADY GRADED A+ | GUARANTEED
SUCCESS!! NEWEST EXAM | JUST RELEASED!!
Under current Regulations, a U.S. department of Veteran Affairs (VA) loan
is assumable if:
A. The VA approves both the buyer and the assumption agreement
B. the veteran agrees not to request a releases of liability for repayment
C. the VA approves the buyer only
D. the VA approves the assumption of the agreement only
A.
for VA loans made after March 1, 1988 the VA must approve both the buyer
and the assumption agreement before the loan may be assumed.
,During the period of time after a real estate sales contract is signed, but
before title actually passes, the status of the contract is:
A. executory
B. voidable
C. executed
D. unilateral
A.
A contract is in executory status when its terms of agreement have not yet
been carried out.
If there is a discrepancy between a residential lot size quoted in a listing
contract and the actual lot size, the actual lot size that will prevail in a sales
transaction will be found in :
A. the MLS
B. the survey
C. the listing contract
D. the deed
B.
, The buyers secured a loan at 75% (LTV) ration. The interest rate was 7.125%,
and the term was for 30 Years. The first month's interest payment was
$477.82. What was the appraised value of the property?
A. $103.700
B. $80,475
C. $107,300
D. 79,239
C.
$477.82x12=$5,733.84 annual interest
$5,733.84/7.125%=$80,475
$80,475/75%=$107,300
MOST RECENT EXAM 2026 ACTUAL COMPLETE REAL EXAM
QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) ALREADY GRADED A+ | GUARANTEED
SUCCESS!! NEWEST EXAM | JUST RELEASED!!
Under current Regulations, a U.S. department of Veteran Affairs (VA) loan
is assumable if:
A. The VA approves both the buyer and the assumption agreement
B. the veteran agrees not to request a releases of liability for repayment
C. the VA approves the buyer only
D. the VA approves the assumption of the agreement only
A.
for VA loans made after March 1, 1988 the VA must approve both the buyer
and the assumption agreement before the loan may be assumed.
,During the period of time after a real estate sales contract is signed, but
before title actually passes, the status of the contract is:
A. executory
B. voidable
C. executed
D. unilateral
A.
A contract is in executory status when its terms of agreement have not yet
been carried out.
If there is a discrepancy between a residential lot size quoted in a listing
contract and the actual lot size, the actual lot size that will prevail in a sales
transaction will be found in :
A. the MLS
B. the survey
C. the listing contract
D. the deed
B.
, The buyers secured a loan at 75% (LTV) ration. The interest rate was 7.125%,
and the term was for 30 Years. The first month's interest payment was
$477.82. What was the appraised value of the property?
A. $103.700
B. $80,475
C. $107,300
D. 79,239
C.
$477.82x12=$5,733.84 annual interest
$5,733.84/7.125%=$80,475
$80,475/75%=$107,300
