PSI Exam Questions and Answers
Already Passed
African American family would like to courtthisrent a clubhouse but the owners says no because
it's a members only is License by eliminating easement through discrimination? ✔✔No, because
it is members only
An example of the power of eminent domain? ✔✔Condemnation
The seller has a beautiful dining room ceiling fixture that matches his entire dining room set. If
the sales contract does not specifically state whether the fixture is included in the sale or
excluded from it, the buyers agent can tell the buyer to expect that the dining room fixture will
be? ✔✔Included in the sale
Which of the following behaviors demonstrates the loyalty at broker owes to the seller who is his
client ✔✔Broker tells buyers the sellers exact timeframe for moving to expedite the contract
A first-year licensee without either a degree in finance or a strong background and reinvestments
should generally refrain from? ✔✔Giving advice in investing
,Not a necessary part of the process for changing zoning regulations ✔✔Voting
A condominium complex is exempt from their housing requirements regarding housing for
families with children in it? ✔✔If the capacity is 80% seniors 65 and older
A sales person just attended a class on using social media to further her real estate sales career.
She was so excited about the class that she immediately came home and signed up for Facebook,
Twitter, and LinkedIn. She has chosen a listing to market via social networking a residence
recently built to resemble and antebellum mansion. Which wording or phrases may she lawfully
include in her advertising? ✔✔Antebellum style mansion
Which of the following is true about a competitive market analysis? ✔✔Performed by agent not
formal appraisal
I buyer received a sellers property condition disclosure in which the buyers agent believes the
seller has misrepresented the condition of the property. The buyers agent should? ✔✔Point out
his or her concerns to the buyer and recommend further inspection or investagation
A borrower who is making payments on a loan was required to make a balloon payment at the
end of the loan. This is most likely a? ✔✔Partially amortized
, Who pays for you to be fingerprinted? ✔✔Real estate agent
Which of the following is the best example of the protection offered by fair housing laws to a
person with a disability? ✔✔Blind man with a dog
After making three sales in 6 weeks to growing families with young children in a neighborhood.
The agent went door-to-door suggesting that homeowners who enjoyed living in their quiet
neighborhood should sell because children are going to be noisy. This is an example of?
✔✔Blockbusting
Which of the following statements is the BEST example of puffing ✔✔This is the Best Buy
you'll find all year
How is the earnest money deposit usually applied at closing on a settlement statement?
✔✔Credit to buyer
Already Passed
African American family would like to courtthisrent a clubhouse but the owners says no because
it's a members only is License by eliminating easement through discrimination? ✔✔No, because
it is members only
An example of the power of eminent domain? ✔✔Condemnation
The seller has a beautiful dining room ceiling fixture that matches his entire dining room set. If
the sales contract does not specifically state whether the fixture is included in the sale or
excluded from it, the buyers agent can tell the buyer to expect that the dining room fixture will
be? ✔✔Included in the sale
Which of the following behaviors demonstrates the loyalty at broker owes to the seller who is his
client ✔✔Broker tells buyers the sellers exact timeframe for moving to expedite the contract
A first-year licensee without either a degree in finance or a strong background and reinvestments
should generally refrain from? ✔✔Giving advice in investing
,Not a necessary part of the process for changing zoning regulations ✔✔Voting
A condominium complex is exempt from their housing requirements regarding housing for
families with children in it? ✔✔If the capacity is 80% seniors 65 and older
A sales person just attended a class on using social media to further her real estate sales career.
She was so excited about the class that she immediately came home and signed up for Facebook,
Twitter, and LinkedIn. She has chosen a listing to market via social networking a residence
recently built to resemble and antebellum mansion. Which wording or phrases may she lawfully
include in her advertising? ✔✔Antebellum style mansion
Which of the following is true about a competitive market analysis? ✔✔Performed by agent not
formal appraisal
I buyer received a sellers property condition disclosure in which the buyers agent believes the
seller has misrepresented the condition of the property. The buyers agent should? ✔✔Point out
his or her concerns to the buyer and recommend further inspection or investagation
A borrower who is making payments on a loan was required to make a balloon payment at the
end of the loan. This is most likely a? ✔✔Partially amortized
, Who pays for you to be fingerprinted? ✔✔Real estate agent
Which of the following is the best example of the protection offered by fair housing laws to a
person with a disability? ✔✔Blind man with a dog
After making three sales in 6 weeks to growing families with young children in a neighborhood.
The agent went door-to-door suggesting that homeowners who enjoyed living in their quiet
neighborhood should sell because children are going to be noisy. This is an example of?
✔✔Blockbusting
Which of the following statements is the BEST example of puffing ✔✔This is the Best Buy
you'll find all year
How is the earnest money deposit usually applied at closing on a settlement statement?
✔✔Credit to buyer
