PSI REAL ESTATE SALESPERSON
EXAMINATION 2026 VERIFIED ANSWER
BLUEPRINT
◉A deed restriction is applicable to the activities of
1. the current owner only.
2. all owners, present and future.
3. tenants.
4. mortgagors. Answer: all owners, present and future.
◉To be valid, every deed must
1. contain a warranty.
2. include granting language.
3. be executed by the grantor.
4. be signed by the grantee if there are covenants. Answer: be
executed by the grantor.
◉A realty firm has just entered into an agreement to represent a
home builder in the sale of a new subdivision. The firm has located
,several potential buyers and five homes have been sold to
purchasers that the firm's agents have contacted. The realty firm has
an agency relationship with
1. the builder.
2. the buyers.
3. the builder and the buyers.
4. neither the builder nor the buyers. Answer: the builder.
◉Salesperson Susan was at the local coffee shop with some agents
from other offices. The subject of commissions came up, and agents
began to compare their commission rates. Susan should
1. excuse herself from the discussion as this could constitute illegal
blockbusting.
2. advise her friends this could constitute a violation of Sherman
Antitrust Act.
3. listen carefully so she can be more competitive in the market.
4. be certain her company is charging as much as the others.
Answer: advise her friends this could constitute a violation of
Sherman Antitrust Act.
◉A property is encumbered by a first mortgage of $60,000 and a
second mortgage of $23,500. The property has just been sold at a
, foreclosure auction to a speculating investor for $88,000. Assume
that all costs of the foreclosure sale are included in these balances.
Which of the following statements is FALSE regarding the
distribution of funds?
1. The first mortgagee receives $60,000.
2. The second mortgagee receives $23,500.
3. The second mortgagee receives nothing unless he forced the
foreclosure auction.
4. The former owner receives $4,500. Answer: The second
mortgagee receives nothing unless he forced the foreclosure auction.
◉A salesperson lists a property with a contract that allows for
subagency and dual agency. The salesperson is
1. an independent contractor to the broker and an agent to the
principal.
2. an agent to the broker and a subagent to the principal.
3. a subagent to the broker and an agent to the principal.
4. an agent to the broker and an agent to the principal. Answer: an
agent to the broker and a subagent to the principal.
◉The Department of Housing and Urban Development estimates
that most private homes built before 1978 contain potentially
EXAMINATION 2026 VERIFIED ANSWER
BLUEPRINT
◉A deed restriction is applicable to the activities of
1. the current owner only.
2. all owners, present and future.
3. tenants.
4. mortgagors. Answer: all owners, present and future.
◉To be valid, every deed must
1. contain a warranty.
2. include granting language.
3. be executed by the grantor.
4. be signed by the grantee if there are covenants. Answer: be
executed by the grantor.
◉A realty firm has just entered into an agreement to represent a
home builder in the sale of a new subdivision. The firm has located
,several potential buyers and five homes have been sold to
purchasers that the firm's agents have contacted. The realty firm has
an agency relationship with
1. the builder.
2. the buyers.
3. the builder and the buyers.
4. neither the builder nor the buyers. Answer: the builder.
◉Salesperson Susan was at the local coffee shop with some agents
from other offices. The subject of commissions came up, and agents
began to compare their commission rates. Susan should
1. excuse herself from the discussion as this could constitute illegal
blockbusting.
2. advise her friends this could constitute a violation of Sherman
Antitrust Act.
3. listen carefully so she can be more competitive in the market.
4. be certain her company is charging as much as the others.
Answer: advise her friends this could constitute a violation of
Sherman Antitrust Act.
◉A property is encumbered by a first mortgage of $60,000 and a
second mortgage of $23,500. The property has just been sold at a
, foreclosure auction to a speculating investor for $88,000. Assume
that all costs of the foreclosure sale are included in these balances.
Which of the following statements is FALSE regarding the
distribution of funds?
1. The first mortgagee receives $60,000.
2. The second mortgagee receives $23,500.
3. The second mortgagee receives nothing unless he forced the
foreclosure auction.
4. The former owner receives $4,500. Answer: The second
mortgagee receives nothing unless he forced the foreclosure auction.
◉A salesperson lists a property with a contract that allows for
subagency and dual agency. The salesperson is
1. an independent contractor to the broker and an agent to the
principal.
2. an agent to the broker and a subagent to the principal.
3. a subagent to the broker and an agent to the principal.
4. an agent to the broker and an agent to the principal. Answer: an
agent to the broker and a subagent to the principal.
◉The Department of Housing and Urban Development estimates
that most private homes built before 1978 contain potentially
