NATIONAL PSI EXAM PRACTICE TEST EXAM
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST 2025-2026 ALREADY GRADED A+
The buyers secured an $82,000 loan at the 9.25% interest for 30 years. Their
monthly payment is $674.59. How much of their first payment will be applied to
the principal balance.
A. $64.51
B. $785.55
C$632.08
D. $42.51 - ANSWERS-D .
$82,000 x 9.25% =7585 annual interest
= $632.08
$674.59 - $632.08 = $42.51
,The principle of appraising, which states that the maximum value is achieved
when the property is in harmony with it's surroundings, is the Principle of :
A. highest and best use
B. competition
C. contribution
D. Conformity - ANSWERS-D.
the principle of conformity means that maximum value is realized if the use of
land conforms to existing neighborhood standards.
A section in the rectangular survey system contains:
A. 160 acres per section
B. 640 acres per section
C. 160 government lots
D. 36 townships - ANSWERS-B
Tenancy with survivorship means
A) the tenancy interest will be inherited.
B) the tenancy interest will pass to the surviving tenants upon the death of one.
C) the tenant's heirs are survivors.
, D) this is not a legal tenancy. - ANSWERS-B
All of these factors would be important in comparing properties under the sales
comparison approach to value EXCEPT:
A. differences in appearance and condition
B. differences in size of the improvements and land
C. differences in dates f sale
D. difference in original cost - ANSWERS-D
During the period of time after a real estate sales contract is signed, but before
title actually passes, the status of the contract is:
A. executory
B. voidable
C. executed
D. unilateral - ANSWERS-A.
A contract is in executory status when its terms of agreement have not yet been
carried out.
If there is a discrepancy between a residential lot size quoted in a listing
contract and the actual lot size, the actual lot size that will prevail in a sales
transaction will be found in :
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST 2025-2026 ALREADY GRADED A+
The buyers secured an $82,000 loan at the 9.25% interest for 30 years. Their
monthly payment is $674.59. How much of their first payment will be applied to
the principal balance.
A. $64.51
B. $785.55
C$632.08
D. $42.51 - ANSWERS-D .
$82,000 x 9.25% =7585 annual interest
= $632.08
$674.59 - $632.08 = $42.51
,The principle of appraising, which states that the maximum value is achieved
when the property is in harmony with it's surroundings, is the Principle of :
A. highest and best use
B. competition
C. contribution
D. Conformity - ANSWERS-D.
the principle of conformity means that maximum value is realized if the use of
land conforms to existing neighborhood standards.
A section in the rectangular survey system contains:
A. 160 acres per section
B. 640 acres per section
C. 160 government lots
D. 36 townships - ANSWERS-B
Tenancy with survivorship means
A) the tenancy interest will be inherited.
B) the tenancy interest will pass to the surviving tenants upon the death of one.
C) the tenant's heirs are survivors.
, D) this is not a legal tenancy. - ANSWERS-B
All of these factors would be important in comparing properties under the sales
comparison approach to value EXCEPT:
A. differences in appearance and condition
B. differences in size of the improvements and land
C. differences in dates f sale
D. difference in original cost - ANSWERS-D
During the period of time after a real estate sales contract is signed, but before
title actually passes, the status of the contract is:
A. executory
B. voidable
C. executed
D. unilateral - ANSWERS-A.
A contract is in executory status when its terms of agreement have not yet been
carried out.
If there is a discrepancy between a residential lot size quoted in a listing
contract and the actual lot size, the actual lot size that will prevail in a sales
transaction will be found in :
