PSI NATIONAL REAL ESTATE
EXAMINATION TEST VERIFIED QUESTIONS
AND SOLUTIONS GRADED A+
●● The servient estate in an easement appurtenant is the property
Answer: on which the easement is placed
●● Which of the following statements concerning encumbrances is NOT
true
Answer: All encumbrances are liens
●● Which of the following is NOT a specific lien
Answer: State inheritance taxes
●● You have entered into a lease that requires you to pay 20% of the
owners expenses. Your lease would be an example of a
Answer: net lease
●● If a husband and wife own an apartment building and the husband
owns an undivided three-fourths interest and the wife owns a one-fourth
interest, what type of tenancy exists?
Answer: Tenancy in common
, ●● The highest form of ownership interest a person may hold in real
estate is
Answer: fee simple
●● Two unrelated people own a three-unit apartment building as tenants
in common. One wants to sell but the other does not which of the
following statement describes the legal rights of the party who wants to
sell?
Answer: The party may request a court to partition the building
●● Your aunt died in-estate and you inherited her house, The way in
which you acquired the title to her house is by
Answer: descent
●● All of the following statements correctly describe a legal life estate
EXCEPT
Answer: During his or her life estate, the life tenant is generally
answerable to the holder of the future interest
●● A time share estate isn't a
Answer: lease hold estate
EXAMINATION TEST VERIFIED QUESTIONS
AND SOLUTIONS GRADED A+
●● The servient estate in an easement appurtenant is the property
Answer: on which the easement is placed
●● Which of the following statements concerning encumbrances is NOT
true
Answer: All encumbrances are liens
●● Which of the following is NOT a specific lien
Answer: State inheritance taxes
●● You have entered into a lease that requires you to pay 20% of the
owners expenses. Your lease would be an example of a
Answer: net lease
●● If a husband and wife own an apartment building and the husband
owns an undivided three-fourths interest and the wife owns a one-fourth
interest, what type of tenancy exists?
Answer: Tenancy in common
, ●● The highest form of ownership interest a person may hold in real
estate is
Answer: fee simple
●● Two unrelated people own a three-unit apartment building as tenants
in common. One wants to sell but the other does not which of the
following statement describes the legal rights of the party who wants to
sell?
Answer: The party may request a court to partition the building
●● Your aunt died in-estate and you inherited her house, The way in
which you acquired the title to her house is by
Answer: descent
●● All of the following statements correctly describe a legal life estate
EXCEPT
Answer: During his or her life estate, the life tenant is generally
answerable to the holder of the future interest
●● A time share estate isn't a
Answer: lease hold estate
