PSI NATIONAL REAL ESTATE SALESPERSON PRACTICE ACTUAL EXAM 2026 QUESTIONS WITH ANSWERS GRADED A+

PSI NATIONAL REAL ESTATE
SALESPERSON PRACTICE ACTUAL EXAM
2026 QUESTIONS WITH ANSWERS
GRADED A+

>> Real Estate License
Answer: State-issued permission to act as agent


>> Broker
Answer: Licensed to operate real estate business


>> Salesperson
Answer: Works under supervising broker


>> Principal
Answer: Client in agency relationship


>> Agent
Answer: Represents principal


>> Fiduciary Duty
Answer: Loyalty, obedience, disclosure, confidentiality, reasonable care,
accounting


>> Puffing
Answer: Exaggerated opinion, not fact


>> Misrepresentation

, Answer: False statement of material fact


>> Fraud
Answer: Intentional misrepresentation


>> Negligent Misrepresentation
Answer: Unintentional false statement


>> Dual Agency
Answer: Representing both buyer and seller


>> Designated Agency
Answer: Broker designates different agents for buyer and seller


>> Transaction Broker
Answer: Facilitates transaction without advocacy


>> Buyer Agency
Answer: Represents buyer exclusively


>> Seller Agency
Answer: Represents seller exclusively


>> Subagency
Answer: Agent represents seller through cooperating broker


>> Disclosure
Answer: Must inform parties of agency status


>> Agency Disclosure Form