2/10/25, 10:50 AM PSI NATIONAL REAL ESTATE ONLINE PRACTICE EXAM QUESTIONS AND CORRECT ANSWERS | VERIFIED ANSWERS | L…
PSI NATIONAL REAL ESTATE ONLINE PRACTICE
EXAM QUESTIONS AND CORRECT ANSWERS |
VERIFIED ANSWERS | LATEST EDITION 2025
Save
Terms in this set (544)
A written agreement in a contract
which a purchaser agrees
to buy and a seller agrees
to sell is called
1. boycotting other brokers in the marketplace.
Antitrust laws prohibit
2. dividing the market to restrict competition.
competing brokers from
3. agreeing to set sales commissions and management
all of the following
rates.
When a sewer line is all current owners of real estate fronting on that road
installed down a rural
road, the cost will
probably be shared by
State laws differ on a suicide that occurred in the house last year.
whether a buyer is entitled
to know about
A lawsuit for inverse a homeowner
condemnation may be
brought by
https://quizlet.com/1003821203/psi-national-real-estate-online-practice-exam-questions-and-correct-answers-verified-answers-latest-edition-2025-flas… 1/21
,2/10/25, 10:50 AM PSI NATIONAL REAL ESTATE ONLINE PRACTICE EXAM QUESTIONS AND CORRECT ANSWERS | VERIFIED ANSWERS | L…
When is racial Under no circumstances
discrimination in the rental
of rooms or apartments
permitted?
The real estate broker the number of square feet in the building
who is listing a house for
sale should personally
verify
Real property can be Severance
converted to personal
property by
Prospective buyers made Both contracts are valid
an offer on a property. The
seller did NOT accept, but
made a counteroffer. The
prospective buyers signed
the counteroffer and the
real estate agent
delivered their
acceptance to the seller.
In the interim, the same
buyers had found another
house that they liked
better and made an offer
on it, which was accepted.
Which of the following is
TRUE?
https://quizlet.com/1003821203/psi-national-real-estate-online-practice-exam-questions-and-correct-answers-verified-answers-latest-edition-2025-flas… 2/21
, 2/10/25, 10:50 AM PSI NATIONAL REAL ESTATE ONLINE PRACTICE EXAM QUESTIONS AND CORRECT ANSWERS | VERIFIED ANSWERS | L…
Although states make prior appropriation
specific laws governing
water rights and the rights
in land that borders water,
most states
generally follow one of
two basic doctrines
regarding water rights. In
many states, the common
law doctrine of riparian
and littoral rights dictates
that water rights are
automatically conveyed
with property. In others,
all water rights are
controlled by the state
under the doctrine of
The purpose of requiring provide evidence of the buyer's intention to carry out
an earnest money deposit the contract.
in a real estate sales
contract is to
A buyer is getting a fully $409.20.
amortized loan for
$220,000. The bank will
give the buyer the loan for
15 years at 5 1/2%
or for 30 years at 6 1/2%.
To the nearest cent, what
is the difference between
the monthly payments for
these two loans?
(BE SURE TO USE THE
AMORTIZATION TABLE.)
https://quizlet.com/1003821203/psi-national-real-estate-online-practice-exam-questions-and-correct-answers-verified-answers-latest-edition-2025-flas… 3/21
PSI NATIONAL REAL ESTATE ONLINE PRACTICE
EXAM QUESTIONS AND CORRECT ANSWERS |
VERIFIED ANSWERS | LATEST EDITION 2025
Save
Terms in this set (544)
A written agreement in a contract
which a purchaser agrees
to buy and a seller agrees
to sell is called
1. boycotting other brokers in the marketplace.
Antitrust laws prohibit
2. dividing the market to restrict competition.
competing brokers from
3. agreeing to set sales commissions and management
all of the following
rates.
When a sewer line is all current owners of real estate fronting on that road
installed down a rural
road, the cost will
probably be shared by
State laws differ on a suicide that occurred in the house last year.
whether a buyer is entitled
to know about
A lawsuit for inverse a homeowner
condemnation may be
brought by
https://quizlet.com/1003821203/psi-national-real-estate-online-practice-exam-questions-and-correct-answers-verified-answers-latest-edition-2025-flas… 1/21
,2/10/25, 10:50 AM PSI NATIONAL REAL ESTATE ONLINE PRACTICE EXAM QUESTIONS AND CORRECT ANSWERS | VERIFIED ANSWERS | L…
When is racial Under no circumstances
discrimination in the rental
of rooms or apartments
permitted?
The real estate broker the number of square feet in the building
who is listing a house for
sale should personally
verify
Real property can be Severance
converted to personal
property by
Prospective buyers made Both contracts are valid
an offer on a property. The
seller did NOT accept, but
made a counteroffer. The
prospective buyers signed
the counteroffer and the
real estate agent
delivered their
acceptance to the seller.
In the interim, the same
buyers had found another
house that they liked
better and made an offer
on it, which was accepted.
Which of the following is
TRUE?
https://quizlet.com/1003821203/psi-national-real-estate-online-practice-exam-questions-and-correct-answers-verified-answers-latest-edition-2025-flas… 2/21
, 2/10/25, 10:50 AM PSI NATIONAL REAL ESTATE ONLINE PRACTICE EXAM QUESTIONS AND CORRECT ANSWERS | VERIFIED ANSWERS | L…
Although states make prior appropriation
specific laws governing
water rights and the rights
in land that borders water,
most states
generally follow one of
two basic doctrines
regarding water rights. In
many states, the common
law doctrine of riparian
and littoral rights dictates
that water rights are
automatically conveyed
with property. In others,
all water rights are
controlled by the state
under the doctrine of
The purpose of requiring provide evidence of the buyer's intention to carry out
an earnest money deposit the contract.
in a real estate sales
contract is to
A buyer is getting a fully $409.20.
amortized loan for
$220,000. The bank will
give the buyer the loan for
15 years at 5 1/2%
or for 30 years at 6 1/2%.
To the nearest cent, what
is the difference between
the monthly payments for
these two loans?
(BE SURE TO USE THE
AMORTIZATION TABLE.)
https://quizlet.com/1003821203/psi-national-real-estate-online-practice-exam-questions-and-correct-answers-verified-answers-latest-edition-2025-flas… 3/21
