PSI REAL ESTATE EXAM PREP 2025|QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GRADED A+|VERIFIED

PSI REAL ESTATE EXAM PREP

ANSWERS|LATEST 2025/2026|GRADED


Recently a homeowner suffered damage to their heating and cooling system due to normal w
B B B B B B B B B B B B B B



ear and tear through the years. What offers coverage for this type of property damage? -
B B B B B B B B B B B B B B B



B ANSWER Home Warranty B




Which act can a transaction broker not perform? - ANSWER
B B B B B B B B B negotiate a sales price B B B




Which of the following forces has an impact on value? -
B B B B B B B B B B



B ANSWER both economic and political B B B




Which category of water is a stream? - ANSWER
B B B B B B B B Watercourse



A building that is valued at $510000 isbeing depreciated over 39 years. After 10 years, how mu
B B B B B B B B B B B B B B B B



ch will the building have depreciated? - ANSWER
B B B B B B B $130,769.20



What is generally the cause of an eviction? -
B B B B B B B B



B ANSWER A failure to perform under the lease agreement
B B B B B B B




A broker discovers there is a broken stove in the kitchen. Must they disclose this? -
B B B B B B B B B B B B B B B



B ANSWER Yes, because it is a material fact.
B B B B B B




Mason and nicole are in a lease agreement. Recently Mason excluded Nicole, the tenant, from
B B B B B B B B B B B B B B



the leased property. Which of the following words described what occured? -
B B B B B B B B B B B B



B ANSWER Physical eviction B




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Wicky

, A lot has a frontage of 35' and a depth of 60'. What is the area of the lot? -
B B B B B B B B B B B B B B B B B B B



B ANSWER 2100 sq ft B B




Which of the following is a defense against performance, and renders an obligation discharge
B B B B B B B B B B B B B



d? - ANSWER B B Death



Evelyn and Fran are in a lease agreement; Evelyn is the tenant and Fran is the landlord. Evelyn
B B B B B B B B B B B B B B B B B B



pays a flat fee for a leased premises and pays for utilities and property taxes. What type of leas
B B B B B B B B B B B B B B B B B B



e is this? - ANSWER
B B B B Net Lease B




What is a physical measurement of property boundaries? - ANSWER
B B B B B B B B B A surveyB




What is not considered in evaluating comps in the sales comparison approach? -
B B B B B B B B B B B B



B ANSWER Sales price that the current owner paid for the property
B B B B B B B B B




Which of the following best describes a contract that is made with a person under the age of
B B B B B B B B B B B B B B B B B B



majority? - ANSWER B B Voidable



Some jurisdictions require joint tenancy to be created by the 4 unities of title. Which of the foll
B B B B B B B B B B B B B B B B B



owing is not one of the unities? - ANSWER
B B B B B B B B Propriety



Which type of agency is not valid in real estate transactions? - ANSWER
B B B B B B B B B B B B Implied agency B




What is the owner's equity in a property they purchased for $170,000 if there is a remaining m
B B B B B B B B B B B B B B B B B



ortgage of $50,000? - ANSWER B B B B $120,000



In which of the following forms may a warranty for fitness be part of the sales contract of a ne
B B B B B B B B B B B B B B B B B B B



wly constucted home? - ANSWER
B B B B -In a written contract
B B B




-In an orally spoken
B B B




-In a contract implied by the circumstances
B B B B B B




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Wicky