PSI State Exam- Real Estate Salesperson
Comprehensive Resource To Help You Ace 2026-2027 Exams
Includes Frequently Tested Questions With ELABORATED
100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
Instant Download Pdf!!
1. The law which requires that transfers of real property ownership be in
writing is known as the... - Correct Answer: statute of frauds
2. In a VA loan, there must be... - Correct Answer: an approved appraisal
3. When a land contract is entered into... - Correct Answer: the buyer
acquires equitable title
4. A 5 bedroom, 1 bathroom residence is an example of what type of
depreciation? - Correct Answer: Functional
5. Name 3 essential requirements for a valid deed... - Correct Answer: 1.
The buyer and seller must be named
2. Words of Conveyance
3. Competent Grantor
6. If 2 married brothers own property as joint tenants and one brother dies,
his wife owns... - Correct Answer: no interest
,7. In a lease... - Correct Answer: the original lessee could be liable for rent
payments even though he sublets the premisis
8. To use property for the best net return to the property is... - Correct
Answer: highest and best use
9. What is the best way to find a could on title? - Correct Answer: Title
Search
10.A life estate is... - Correct Answer: a freehold interest in real estate and
is considered real property
11.Where a title search reveals that there is a broken chain of title, it can best
be cured by... - Correct Answer: Quitclaim deed
12.When the lessor sells his leased property... - Correct Answer: the lease
is binding on the buyer
13.The phrase, "principals only" excludes... - Correct Answer: real estate
broker
14.a mechanics lein may not be levied by - Correct Answer: real estate
broker
, 15.The covenant in a deed in which the grantor guarantees he has title is -
Correct Answer: seizen
16.a judgement becomes effective when - Correct Answer: it is recorded
17.What is a private agency that buys and sells in the secondary mortgage
market? - Correct Answer: HUD (Housing of Urban Development)
18.if title is indefeasible, it cannot be - Correct Answer: voided
19.when a broker signs a contract to manage an owners property, he becomes
- Correct Answer: a fiduciary
20.a blanket mortgage - Correct Answer: covers several parcels of land
21.the holder of a life estate cannot... - Correct Answer: commit waste
22.recording acts passed by the various states - Correct Answer: provide
for constructive notice
23.in estimating the value of real estate, you should consider... - Correct
Answer: income of the buyer
Comprehensive Resource To Help You Ace 2026-2027 Exams
Includes Frequently Tested Questions With ELABORATED
100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
Instant Download Pdf!!
1. The law which requires that transfers of real property ownership be in
writing is known as the... - Correct Answer: statute of frauds
2. In a VA loan, there must be... - Correct Answer: an approved appraisal
3. When a land contract is entered into... - Correct Answer: the buyer
acquires equitable title
4. A 5 bedroom, 1 bathroom residence is an example of what type of
depreciation? - Correct Answer: Functional
5. Name 3 essential requirements for a valid deed... - Correct Answer: 1.
The buyer and seller must be named
2. Words of Conveyance
3. Competent Grantor
6. If 2 married brothers own property as joint tenants and one brother dies,
his wife owns... - Correct Answer: no interest
,7. In a lease... - Correct Answer: the original lessee could be liable for rent
payments even though he sublets the premisis
8. To use property for the best net return to the property is... - Correct
Answer: highest and best use
9. What is the best way to find a could on title? - Correct Answer: Title
Search
10.A life estate is... - Correct Answer: a freehold interest in real estate and
is considered real property
11.Where a title search reveals that there is a broken chain of title, it can best
be cured by... - Correct Answer: Quitclaim deed
12.When the lessor sells his leased property... - Correct Answer: the lease
is binding on the buyer
13.The phrase, "principals only" excludes... - Correct Answer: real estate
broker
14.a mechanics lein may not be levied by - Correct Answer: real estate
broker
, 15.The covenant in a deed in which the grantor guarantees he has title is -
Correct Answer: seizen
16.a judgement becomes effective when - Correct Answer: it is recorded
17.What is a private agency that buys and sells in the secondary mortgage
market? - Correct Answer: HUD (Housing of Urban Development)
18.if title is indefeasible, it cannot be - Correct Answer: voided
19.when a broker signs a contract to manage an owners property, he becomes
- Correct Answer: a fiduciary
20.a blanket mortgage - Correct Answer: covers several parcels of land
21.the holder of a life estate cannot... - Correct Answer: commit waste
22.recording acts passed by the various states - Correct Answer: provide
for constructive notice
23.in estimating the value of real estate, you should consider... - Correct
Answer: income of the buyer
