PSI NATIONAL REAL ESTATE
QUESTIONS WITH CORRECT
ANSWERS 100% PASS
A legal description in land that includes language like "the old oak tree" or "the big
rock" would be - CORRECT ANSWER-Metes and bounds
As a licensee is showing a property contiguous to a lake, the licensee notices that
the lake has a large amount of algae. The buyer wishes to make an offer. What
should the licensee do? - CORRECT ANSWER-Encourage the buyer to have an
authoritative party investigate the algae growth.
All the following are protected classifications except - CORRECT ANSWER-
Homosexuals
As licensees usually work as independent contractors, a broker will have a contract
for the independent contractor which (for federal purposes) must outline -
CORRECT ANSWER-Statement that FICA (taxes) are the associates
responsibility
In a rescission agreement: - CORRECT ANSWER-All parties return to original
position and earnest money is refunded
, Agent A has been working at Brokerage for 4 years. Agent has listed and sold
many but desires to try industrial office sales. What is the best course of action for
houses Agent A? - CORRECT ANSWER-Move license to an industrial/office
company and train under them
A seller is listing their $350,000 house. They state their property tax bill is $1,110
per year. What should the agent do? - CORRECT ANSWER-Verify the
information with the county
A home warranty will typically provide coverage for which of the following: -
CORRECT ANSWER-Electrical and plumbing systems
The local governments have authority to ensure that properties are being built
properly. Under the authority of police power, the government can adapt and
implement: - CORRECT ANSWER-Construction standards
A married couple owns a property together as tenancy in entirety. Which of the
following about selling a property as tenancy in entirety is true? - CORRECT
ANSWER-Both spouses must sign the conveyance
What statement is true about asbestos removal - CORRECT ANSWER-
Encapsulation is the safest tactic
An easement is - CORRECT ANSWER-The right to use another's land
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
QUESTIONS WITH CORRECT
ANSWERS 100% PASS
A legal description in land that includes language like "the old oak tree" or "the big
rock" would be - CORRECT ANSWER-Metes and bounds
As a licensee is showing a property contiguous to a lake, the licensee notices that
the lake has a large amount of algae. The buyer wishes to make an offer. What
should the licensee do? - CORRECT ANSWER-Encourage the buyer to have an
authoritative party investigate the algae growth.
All the following are protected classifications except - CORRECT ANSWER-
Homosexuals
As licensees usually work as independent contractors, a broker will have a contract
for the independent contractor which (for federal purposes) must outline -
CORRECT ANSWER-Statement that FICA (taxes) are the associates
responsibility
In a rescission agreement: - CORRECT ANSWER-All parties return to original
position and earnest money is refunded
, Agent A has been working at Brokerage for 4 years. Agent has listed and sold
many but desires to try industrial office sales. What is the best course of action for
houses Agent A? - CORRECT ANSWER-Move license to an industrial/office
company and train under them
A seller is listing their $350,000 house. They state their property tax bill is $1,110
per year. What should the agent do? - CORRECT ANSWER-Verify the
information with the county
A home warranty will typically provide coverage for which of the following: -
CORRECT ANSWER-Electrical and plumbing systems
The local governments have authority to ensure that properties are being built
properly. Under the authority of police power, the government can adapt and
implement: - CORRECT ANSWER-Construction standards
A married couple owns a property together as tenancy in entirety. Which of the
following about selling a property as tenancy in entirety is true? - CORRECT
ANSWER-Both spouses must sign the conveyance
What statement is true about asbestos removal - CORRECT ANSWER-
Encapsulation is the safest tactic
An easement is - CORRECT ANSWER-The right to use another's land
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
