PSI PA REAL ESTATE EXAM QUESTIONS VERIFIED AND PROVIDED
WITH COMPLETE A+ GRADED ANSWERS LATEST UPDATED 2026
Severance the performance of turning real property into personal property
What is the main difference between tendency in the undivided interest passes to his heirs
common and joint tendency is that with
tendency in common, when a co-owner dies?
A tenant rented an apartment signing a 15 month Tenancy at will
lease. After the lease expired, the tenant paid 1
month's rent and got a receipt. What kind of
leasehold does this tenant have?
Although states make specific laws governing prior appropriation
water rights and the rights in land that
borders water, most states generally follow
one of two basic doctrines regarding water
rights. Either riparian and littoral rights are
automatically conveyed with property, or all
water rights are controlled by the state under
the doctrine of?
Legal description using the government survey the original 13 states
system are not generally used in?
An owner hired a construction company to build a a mechanic's lien
swimming pool at a new home. The owner failed
to pay the bill once the work was completed and
the construction company filed a lien to obtain
payment of the debt. The encumbrance created
is called?
Building codes are? ordinances that specify construction standards
An environmental impact statement (IES) projects the impact on environment or proposed project
A lawsuit for inverse condemnation may be the homeowner
brought by
A deed restriction is applicable to the activities of? all owners present and future
A land owner wishes to build a neighborhood Conditional use permit or zoning variance
grocery store on a busy street in an area zoned for
residential use. What would most likely be used to
obtain permission for this store?
When preparing a market data estimate of value, the original cost of the building
what category of adjustment is NOT essential?
Depreciation is calculated based on the? cost of the building only
, A competitive market analysis is MOST often used setting a listing price
for?
A prospective seller asks a salesperson to a competitive market analysis to determine the property's value
recommend a listing price for a property. The
salesperson should suggest?
A couple owns an older home in a anticipation
neighborhood that is becoming a commercial
area. Because of the change in the use of the
land, the couple can expect the value of their
parcel to increase at some future time. This is
an example of the
principle of
A formal appraisal will ALWAYS be REQUIRED lender wants to sell the mortgage to the secondary market
when the
If all other factors are equal, in which location is a Business district zoned for a six-story office building
parking lot likely to bring the highest sales price?
Federal Truth-in-lending laws are also known as? regulation z.
Which of the following consumers would be A couple in their late 60's who need to tap their home equity to help
able to derive the most benefit from a cover their expenses but do not want to sell their house.
reverse
mortgage?
The FHA functions MOST like? an insurance company
According to the Truth-in-lending act, if any prepayment penalties and rebates
"trigger terms" are used in an ad, all of
the following disclosures MUST appear in
the ad EXCEPT the
A borrower has defaulted on the mortgage. The demand immediate payment of the entire note
mortgage contains an acceleration clause. This
permits the lender to?
In helping a buyer to select a lender, if the buyer more variety loan programs available
believes he has good credit and his income is
documentable as a salary and by tax returns, the
licensee might recommend a mortgage banker,
instead of a mortgage broker, for all of the
following reasons EXCEPT?
An exclusive right to sell listing obtained by a the employing broker only
broker associate belongs to?
A salesperson lists a property with a contract that an agent to the broker and a subagent to the principal
allows for subagency and dual agency. The
salesperson is?
WITH COMPLETE A+ GRADED ANSWERS LATEST UPDATED 2026
Severance the performance of turning real property into personal property
What is the main difference between tendency in the undivided interest passes to his heirs
common and joint tendency is that with
tendency in common, when a co-owner dies?
A tenant rented an apartment signing a 15 month Tenancy at will
lease. After the lease expired, the tenant paid 1
month's rent and got a receipt. What kind of
leasehold does this tenant have?
Although states make specific laws governing prior appropriation
water rights and the rights in land that
borders water, most states generally follow
one of two basic doctrines regarding water
rights. Either riparian and littoral rights are
automatically conveyed with property, or all
water rights are controlled by the state under
the doctrine of?
Legal description using the government survey the original 13 states
system are not generally used in?
An owner hired a construction company to build a a mechanic's lien
swimming pool at a new home. The owner failed
to pay the bill once the work was completed and
the construction company filed a lien to obtain
payment of the debt. The encumbrance created
is called?
Building codes are? ordinances that specify construction standards
An environmental impact statement (IES) projects the impact on environment or proposed project
A lawsuit for inverse condemnation may be the homeowner
brought by
A deed restriction is applicable to the activities of? all owners present and future
A land owner wishes to build a neighborhood Conditional use permit or zoning variance
grocery store on a busy street in an area zoned for
residential use. What would most likely be used to
obtain permission for this store?
When preparing a market data estimate of value, the original cost of the building
what category of adjustment is NOT essential?
Depreciation is calculated based on the? cost of the building only
, A competitive market analysis is MOST often used setting a listing price
for?
A prospective seller asks a salesperson to a competitive market analysis to determine the property's value
recommend a listing price for a property. The
salesperson should suggest?
A couple owns an older home in a anticipation
neighborhood that is becoming a commercial
area. Because of the change in the use of the
land, the couple can expect the value of their
parcel to increase at some future time. This is
an example of the
principle of
A formal appraisal will ALWAYS be REQUIRED lender wants to sell the mortgage to the secondary market
when the
If all other factors are equal, in which location is a Business district zoned for a six-story office building
parking lot likely to bring the highest sales price?
Federal Truth-in-lending laws are also known as? regulation z.
Which of the following consumers would be A couple in their late 60's who need to tap their home equity to help
able to derive the most benefit from a cover their expenses but do not want to sell their house.
reverse
mortgage?
The FHA functions MOST like? an insurance company
According to the Truth-in-lending act, if any prepayment penalties and rebates
"trigger terms" are used in an ad, all of
the following disclosures MUST appear in
the ad EXCEPT the
A borrower has defaulted on the mortgage. The demand immediate payment of the entire note
mortgage contains an acceleration clause. This
permits the lender to?
In helping a buyer to select a lender, if the buyer more variety loan programs available
believes he has good credit and his income is
documentable as a salary and by tax returns, the
licensee might recommend a mortgage banker,
instead of a mortgage broker, for all of the
following reasons EXCEPT?
An exclusive right to sell listing obtained by a the employing broker only
broker associate belongs to?
A salesperson lists a property with a contract that an agent to the broker and a subagent to the principal
allows for subagency and dual agency. The
salesperson is?
