1|Page
PSI National Exam For Real Estate 2026
| Brand New Exam Questions And
Answers
If conditions for purchase are included in a deed and these conditions are
violated, what is the penalty? - correct-answer -Return of the property to the
original owner
Which is true of BOTH special assessments and ad valorem taxes - correct-answer
-Deliquent payment is grounds for sale of property
Why was the Jones vs. Mayer decision of 1968 important? - correct-answer -By
upholding the Civil Rights Act of 1866, the Supreme Court removed all exceptions
to racial discrimination in housing
An Environmental Impact Statement (EIS - correct-answer -projects the impact on
the environment of a proposed project.
,2|Page
Which of the following BEST illustrates the concept and intent of a buffer zone? -
correct-answer -Garden apartments located between a single-family residential
neighborhood and a shopping center.
A broker has brought a ready, willing, and able buyer to a seller. In MOST listing
contracts, the broker has earned his commission when - correct-answer -the seller
accepts the offer
Which rule-of-thumb version is being offered to an investor who is told that a
house renting for $900 a month
should sell for about $90,000? - correct-answer -GRM
A judgment has been properly recorded. Any subsequent purchasers, whether
they have actually examined the
record or not, have been given - correct-answer -constructive notice
When a property owner uses his home as collateral for a loan and creates a lien in
favor of the lender, title is held
by the - correct-answer -mortgagor
,3|Page
The buyer wants to make the purchase offer contingent on a complex mortgage
arrangement. The buyer's agent Who is drawing up the contract should - correct-
answer -suggest the buyer ask a lawyer to furnish the wording
The practice of inducing panic selling in a neighborhood for financial gain is -
correct-answer -blockbusting.
The real estate contract for a specific property for use as an unlicensed whiskey
sales operation was forced to terminate. The termination was the result of -
correct-answer -impossibility of performance
The sellers have agreed to give the buyer a carpet allowance to replace the family
room carpet. They will allow $19.95 per square yard for carpet plus $5 per square
yard for pad and installation. If the family room is 22'6"x 15', how much will it cost
the sellers (to the nearest cent)? - correct-answer -$935.63
The Department of Housing and Urban Development estimates that most private
homes built before 1978 contain potentially dangerous levels of lead. Because of
this, some Federal agencies, such as FHA, - correct-answer -require the buyer to
acknowledge disclosure of the presence of any known lead paint
, 4|Page
A tenant rented an apartment, signing a 15-month lease. After the lease expired,
the tenant paid 1 month's rent and got a receipt. What kind of leasehold goes the
tenant have? - correct-answer -Holdover tenancy
How does a creditor who has obtained a judgment get satisfaction against a
debtor who will not pay? - correct-answer -Writ of execution
Timeshare ownership programs MOST often use which of the following ownership
forms? - correct-answer -tenancy in common
In every real estate transaction, a legal description of the real estate MUST appear
in the transaction documents. What kind of legal description should be used in
MOST transactions? - correct-answer -the same one used in prior transfers of the
parcel, verified by a surveyor
A landowner wishes to build a neighborhood grocery store on a busy street in an
area zoned for residential use. Which of the following would MOST likely be used
to obtain permission for this store? - correct-answer -Conditional use permit or
zoning varience
PSI National Exam For Real Estate 2026
| Brand New Exam Questions And
Answers
If conditions for purchase are included in a deed and these conditions are
violated, what is the penalty? - correct-answer -Return of the property to the
original owner
Which is true of BOTH special assessments and ad valorem taxes - correct-answer
-Deliquent payment is grounds for sale of property
Why was the Jones vs. Mayer decision of 1968 important? - correct-answer -By
upholding the Civil Rights Act of 1866, the Supreme Court removed all exceptions
to racial discrimination in housing
An Environmental Impact Statement (EIS - correct-answer -projects the impact on
the environment of a proposed project.
,2|Page
Which of the following BEST illustrates the concept and intent of a buffer zone? -
correct-answer -Garden apartments located between a single-family residential
neighborhood and a shopping center.
A broker has brought a ready, willing, and able buyer to a seller. In MOST listing
contracts, the broker has earned his commission when - correct-answer -the seller
accepts the offer
Which rule-of-thumb version is being offered to an investor who is told that a
house renting for $900 a month
should sell for about $90,000? - correct-answer -GRM
A judgment has been properly recorded. Any subsequent purchasers, whether
they have actually examined the
record or not, have been given - correct-answer -constructive notice
When a property owner uses his home as collateral for a loan and creates a lien in
favor of the lender, title is held
by the - correct-answer -mortgagor
,3|Page
The buyer wants to make the purchase offer contingent on a complex mortgage
arrangement. The buyer's agent Who is drawing up the contract should - correct-
answer -suggest the buyer ask a lawyer to furnish the wording
The practice of inducing panic selling in a neighborhood for financial gain is -
correct-answer -blockbusting.
The real estate contract for a specific property for use as an unlicensed whiskey
sales operation was forced to terminate. The termination was the result of -
correct-answer -impossibility of performance
The sellers have agreed to give the buyer a carpet allowance to replace the family
room carpet. They will allow $19.95 per square yard for carpet plus $5 per square
yard for pad and installation. If the family room is 22'6"x 15', how much will it cost
the sellers (to the nearest cent)? - correct-answer -$935.63
The Department of Housing and Urban Development estimates that most private
homes built before 1978 contain potentially dangerous levels of lead. Because of
this, some Federal agencies, such as FHA, - correct-answer -require the buyer to
acknowledge disclosure of the presence of any known lead paint
, 4|Page
A tenant rented an apartment, signing a 15-month lease. After the lease expired,
the tenant paid 1 month's rent and got a receipt. What kind of leasehold goes the
tenant have? - correct-answer -Holdover tenancy
How does a creditor who has obtained a judgment get satisfaction against a
debtor who will not pay? - correct-answer -Writ of execution
Timeshare ownership programs MOST often use which of the following ownership
forms? - correct-answer -tenancy in common
In every real estate transaction, a legal description of the real estate MUST appear
in the transaction documents. What kind of legal description should be used in
MOST transactions? - correct-answer -the same one used in prior transfers of the
parcel, verified by a surveyor
A landowner wishes to build a neighborhood grocery store on a busy street in an
area zoned for residential use. Which of the following would MOST likely be used
to obtain permission for this store? - correct-answer -Conditional use permit or
zoning varience
