PSI REAL ESTATE EXAM PREP
LATEST 2026/2027 ACTUAL EXAM
QUESTIONS WITH CORRECT
ANSWERS 100% VERIFIED GRADED
A+
1. Recentlymamhomeownermsufferedmdamagemtomtheirmheatingmandmcoolingmsystemmduemtomn
ormalmwearmandmtearmthroughmthemyears.mWhatmoffersmcoveragemformthismtypemofmpropert
ymdamage?m-mCORRECTmANSWERmHomemWarranty
2. Whichmactmcanmamtransactionmbrokermnotmperform?m-
mCORRECTmANSWERmnegotiatemamsalesmprice
3. Whichmofmthemfollowingmforcesmhasmanmimpactmonmvalue?m-
mCORRECTmANSWERmbothmeconomicmandmpolitical
4. Whichmcategorymofmwatermismamstream?m-mCORRECTmANSWERmWatercourse
5. Ambuildingmthatmismvaluedmatm$510000misbeingmdepreciatedmoverm39myears.mAfterm10myears
,mhowmmuchmwillmthembuildingmhavemdepreciated?m-mCORRECTmANSWERm$130,769.20
6. Whatmismgenerallymthemcausemofmanmeviction?m-
mCORRECTmANSWERmAmfailuremtomperformmundermthemleasemagreement
7. Ambrokermdiscoversmtheremismambrokenmstoveminmthemkitchen.mMustmtheymdisclosemthis?m-
mCORRECTmANSWERmYes,mbecausemitmismammaterialmfact.
, 8. Masonmandmnicolemareminmamleasemagreement.mRecentlymMasonmexcludedmNicole,mthemten
ant,mfrommthemleasedmproperty.mWhichmofmthemfollowingmwordsmdescribedmwhatmoccured?
m-mCORRECTmANSWERmPhysicalmeviction
9. Amlotmhasmamfrontagemofm35'mandmamdepthmofm60'.mWhatmismthemareamofmthemlot?m-
mCORRECTmANSWERm2100msqmft
10. Whichmofmthemfollowingmismamdefensemagainstmperformance,mandmrendersmanmobligationmdi
scharged?m-mCORRECTmANSWERmDeath
11. EvelynmandmFranmareminmamleasemagreement;mEvelynmismthemtenantmandmFranmismthemlandlo
rd.mEvelynmpaysmamflatmfeemformamleasedmpremisesmandmpaysmformutilitiesmandmpropertymtax
es.mWhatmtypemofmleasemismthis?m-mCORRECTmANSWERmNetmLease
12. Whatmismamphysicalmmeasurementmofmpropertymboundaries?m-
mCORRECTmANSWERmAmsurvey
13. Whatmismnotmconsideredminmevaluatingmcompsminmthemsalesmcomparisonmapproach?m-
mCORRECTmANSWERmSalesmpricemthatmthemcurrentmownermpaidmformthemproperty
14. Whichmofmthemfollowingmbestmdescribesmamcontractmthatmismmademwithmampersonmundermth
emagemofmmajority?m-mCORRECTmANSWERmVoidable
15. Somemjurisdictionsmrequiremjointmtenancymtombemcreatedmbymthem4munitiesmofmtitle.mWhich
mofmthemfollowingmismnotmonemofmthemunities?m-mCORRECTmANSWERmPropriety
16. Whichmtypemofmagencymismnotmvalidminmrealmestatemtransactions?m-
mCORRECTmANSWERmImpliedmagency
LATEST 2026/2027 ACTUAL EXAM
QUESTIONS WITH CORRECT
ANSWERS 100% VERIFIED GRADED
A+
1. Recentlymamhomeownermsufferedmdamagemtomtheirmheatingmandmcoolingmsystemmduemtomn
ormalmwearmandmtearmthroughmthemyears.mWhatmoffersmcoveragemformthismtypemofmpropert
ymdamage?m-mCORRECTmANSWERmHomemWarranty
2. Whichmactmcanmamtransactionmbrokermnotmperform?m-
mCORRECTmANSWERmnegotiatemamsalesmprice
3. Whichmofmthemfollowingmforcesmhasmanmimpactmonmvalue?m-
mCORRECTmANSWERmbothmeconomicmandmpolitical
4. Whichmcategorymofmwatermismamstream?m-mCORRECTmANSWERmWatercourse
5. Ambuildingmthatmismvaluedmatm$510000misbeingmdepreciatedmoverm39myears.mAfterm10myears
,mhowmmuchmwillmthembuildingmhavemdepreciated?m-mCORRECTmANSWERm$130,769.20
6. Whatmismgenerallymthemcausemofmanmeviction?m-
mCORRECTmANSWERmAmfailuremtomperformmundermthemleasemagreement
7. Ambrokermdiscoversmtheremismambrokenmstoveminmthemkitchen.mMustmtheymdisclosemthis?m-
mCORRECTmANSWERmYes,mbecausemitmismammaterialmfact.
, 8. Masonmandmnicolemareminmamleasemagreement.mRecentlymMasonmexcludedmNicole,mthemten
ant,mfrommthemleasedmproperty.mWhichmofmthemfollowingmwordsmdescribedmwhatmoccured?
m-mCORRECTmANSWERmPhysicalmeviction
9. Amlotmhasmamfrontagemofm35'mandmamdepthmofm60'.mWhatmismthemareamofmthemlot?m-
mCORRECTmANSWERm2100msqmft
10. Whichmofmthemfollowingmismamdefensemagainstmperformance,mandmrendersmanmobligationmdi
scharged?m-mCORRECTmANSWERmDeath
11. EvelynmandmFranmareminmamleasemagreement;mEvelynmismthemtenantmandmFranmismthemlandlo
rd.mEvelynmpaysmamflatmfeemformamleasedmpremisesmandmpaysmformutilitiesmandmpropertymtax
es.mWhatmtypemofmleasemismthis?m-mCORRECTmANSWERmNetmLease
12. Whatmismamphysicalmmeasurementmofmpropertymboundaries?m-
mCORRECTmANSWERmAmsurvey
13. Whatmismnotmconsideredminmevaluatingmcompsminmthemsalesmcomparisonmapproach?m-
mCORRECTmANSWERmSalesmpricemthatmthemcurrentmownermpaidmformthemproperty
14. Whichmofmthemfollowingmbestmdescribesmamcontractmthatmismmademwithmampersonmundermth
emagemofmmajority?m-mCORRECTmANSWERmVoidable
15. Somemjurisdictionsmrequiremjointmtenancymtombemcreatedmbymthem4munitiesmofmtitle.mWhich
mofmthemfollowingmismnotmonemofmthemunities?m-mCORRECTmANSWERmPropriety
16. Whichmtypemofmagencymismnotmvalidminmrealmestatemtransactions?m-
mCORRECTmANSWERmImpliedmagency