NATIONAL PSI LATEST 2026/2027
ACTUAL EXAM QUESTIONS WITH
CORRECT ANSWERS 100% VERIFIED
GRADED A+
Ambuyermismplanningmtompurchasemamhousemthatmcostsm$120,000.mIfmshemobtainsmanm85%mloanmand
mthemlendermchargesmam1.5%mloanmoriginationmfeemand
1.5mdiscountmpoints,mwhatmismthemcostmofmthesemexpenses?
$1,800
$2,550
$3,060
$3,600
$3,600m-mCORRECTmANSWERm-
Themanswermism"$3,600"masm1.5%mloanmandm1.5mdiscountmpointmaddsmtom3%.mSom3%mofm$120,000m
willmcomemoutmas
$3,600
Themprincipalmbrokermmustmretainmallmclientmrecordsmform6myears.mHowmlongmdoesmampropertymma
nagermretainmhismclientmrecords?m-mCORRECTmANSWERm6mYEARS
Themfollowingmdocumentsmmust
bemkeptmformrecordmbymthe
principalmbrokermformamperiodmof
timemaftermthemtransaction
ЕХСЕРТm-mCORRECTmANSWERma.mEmailsmusedminmthemprocessmofmthemtransaction
b.mBILLSmPAIDmTOmKEEPmTHEmCLIENT
TRUSTmACCOUNTmOPENmALL
c.mDocumentsmvoluntarilymcreated
, duringmthemtransaction
d.mEarnestmmoneymdepositmreceipts
Ambuyermismpurchasingmam40macremparcelmzonedmexclusivemfarmmusemwithmamhousemandmbarn.mThem
propertymcurrentlymhasmampropertymtaxmdeferralmbasedmuponmthemfarmmuse.
WhatmMUSTmthembuyermdomtomcontinuemthemtaxmdeferral?m-
mCORRECTmANSWERmThembuyermmustmmakemsuremthatmthemsellermagreesmtomtransfermthemdeferral
masmpartmofmthemsalemandmthesemprovisionsmmustmbemincludedminmthemsalesmcontract.
Amsellermasksmamrealmestatemagentmtomlistmtheirmlandmformsale.
Themlandmincludesmanm'untitled'mmanufacturedmhome.mCanmthemrealmestatemagentmlistmbothmthemla
ndm&muntitledmman.mhomeminmthemsamemtransaction?m-
mCORRECTmANSWERmJUSTmTHEmLAND,mREALmESTATEmAGENTSmCAN'TmSELLmANmUNTITLEDmMANUF
ACTUREDmHOME
ThemnorthmtomsouthmlineminmamrectangularmGovt.msurveym-mCORRECTmANSWERmmeridians
amfinancialmagreementminmwhichmamhomeownermrelinquishesmequityminmtheirmhomeminmexchangemf
ormregularmpayments,mtypicallymtomsupplementmretirementmincome.m-
mCORRECTmANSWERmreversemmortgage
SallymismambrokermwhosemverymgoodmfriendmJanemismambrokermwithmamcompetingmcompany.
Theymaremhavingmcoffeemandmcomparingmthemamountmofmcommissionmtheymshouldmeachmrequiremf
rommtheirmclients.
Whichmofmthemantitrustmlawsmmightmampersonmfrommanmadjoiningmtablemsuspectmtheymhavemviolat
edmifmthe
conversationmismoverheard?m-
mCORRECTmANSWERmSallymandmhermfriendmappearmtombemdiscussingmillegalmpricemfixing
ACTUAL EXAM QUESTIONS WITH
CORRECT ANSWERS 100% VERIFIED
GRADED A+
Ambuyermismplanningmtompurchasemamhousemthatmcostsm$120,000.mIfmshemobtainsmanm85%mloanmand
mthemlendermchargesmam1.5%mloanmoriginationmfeemand
1.5mdiscountmpoints,mwhatmismthemcostmofmthesemexpenses?
$1,800
$2,550
$3,060
$3,600
$3,600m-mCORRECTmANSWERm-
Themanswermism"$3,600"masm1.5%mloanmandm1.5mdiscountmpointmaddsmtom3%.mSom3%mofm$120,000m
willmcomemoutmas
$3,600
Themprincipalmbrokermmustmretainmallmclientmrecordsmform6myears.mHowmlongmdoesmampropertymma
nagermretainmhismclientmrecords?m-mCORRECTmANSWERm6mYEARS
Themfollowingmdocumentsmmust
bemkeptmformrecordmbymthe
principalmbrokermformamperiodmof
timemaftermthemtransaction
ЕХСЕРТm-mCORRECTmANSWERma.mEmailsmusedminmthemprocessmofmthemtransaction
b.mBILLSmPAIDmTOmKEEPmTHEmCLIENT
TRUSTmACCOUNTmOPENmALL
c.mDocumentsmvoluntarilymcreated
, duringmthemtransaction
d.mEarnestmmoneymdepositmreceipts
Ambuyermismpurchasingmam40macremparcelmzonedmexclusivemfarmmusemwithmamhousemandmbarn.mThem
propertymcurrentlymhasmampropertymtaxmdeferralmbasedmuponmthemfarmmuse.
WhatmMUSTmthembuyermdomtomcontinuemthemtaxmdeferral?m-
mCORRECTmANSWERmThembuyermmustmmakemsuremthatmthemsellermagreesmtomtransfermthemdeferral
masmpartmofmthemsalemandmthesemprovisionsmmustmbemincludedminmthemsalesmcontract.
Amsellermasksmamrealmestatemagentmtomlistmtheirmlandmformsale.
Themlandmincludesmanm'untitled'mmanufacturedmhome.mCanmthemrealmestatemagentmlistmbothmthemla
ndm&muntitledmman.mhomeminmthemsamemtransaction?m-
mCORRECTmANSWERmJUSTmTHEmLAND,mREALmESTATEmAGENTSmCAN'TmSELLmANmUNTITLEDmMANUF
ACTUREDmHOME
ThemnorthmtomsouthmlineminmamrectangularmGovt.msurveym-mCORRECTmANSWERmmeridians
amfinancialmagreementminmwhichmamhomeownermrelinquishesmequityminmtheirmhomeminmexchangemf
ormregularmpayments,mtypicallymtomsupplementmretirementmincome.m-
mCORRECTmANSWERmreversemmortgage
SallymismambrokermwhosemverymgoodmfriendmJanemismambrokermwithmamcompetingmcompany.
Theymaremhavingmcoffeemandmcomparingmthemamountmofmcommissionmtheymshouldmeachmrequiremf
rommtheirmclients.
Whichmofmthemantitrustmlawsmmightmampersonmfrommanmadjoiningmtablemsuspectmtheymhavemviolat
edmifmthe
conversationmismoverheard?m-
mCORRECTmANSWERmSallymandmhermfriendmappearmtombemdiscussingmillegalmpricemfixing