PSI REAL ESTATE SALESPERSON SCRIPT
2026 COMPLETE SOLVED CONTENT
◉At the closing on June 15, the buyer is assuming a mortgage
presently on the property, on which the monthly interest charge is
currently $600. The seller has made the payment due on June 1.
Assuming a VA mortgage, what is the adjustment made at closing?
1. Credit seller $300; credit buyer $300.
2. Debit seller $300; debit buyer $300.
3. Credit seller $300; debit buyer $300.
4. Debit seller $300; credit buyer $300. Answer: Credit seller $300;
debit buyer $300.
◉Unrepresented buyers ask the licensee who listed the home
whether they should order a property inspection as a part of their
due diligence for the purchase of the home. Which of the following
would be the most appropriate way for the listing agent to respond?
1. If you feel it is in your best interest, please do so.
2. Since I represent the seller I am not able to answer your question.
3. I am not aware of any issues that such an inspection would
identify.
, 4. Since the seller has provided a property disclosure, there should
be no need for any further inspection. Answer: If you feel it is in
your best interest, please do so.
◉Which of the following consumers would be able to derive the
most benefit from a reverse mortgage?
1. Any homeowner whose property is free of any mortgage
encumbrance.
2. A young couple whose mortgage loan has a higher interest rate
than the current rate for new loans.
3. A 65-year-old man who has recently bought a condominium with
a conventional loan for 90 percent of the purchase price
4. A couple in their late 60?s who need to tap their home equity to
help cover their expenses but do not want to sell their house.
Answer: A couple in their late 60?s who need to tap their home
equity to help cover their expenses but do not want to sell their
house.
◉A seller tells the listing agent that her home was treated for
termites 10 years ago, so there are no termites now. Before listing
the property, the agent should
1. tell the seller not to disclose, because the statute of limitations has
run out.
2026 COMPLETE SOLVED CONTENT
◉At the closing on June 15, the buyer is assuming a mortgage
presently on the property, on which the monthly interest charge is
currently $600. The seller has made the payment due on June 1.
Assuming a VA mortgage, what is the adjustment made at closing?
1. Credit seller $300; credit buyer $300.
2. Debit seller $300; debit buyer $300.
3. Credit seller $300; debit buyer $300.
4. Debit seller $300; credit buyer $300. Answer: Credit seller $300;
debit buyer $300.
◉Unrepresented buyers ask the licensee who listed the home
whether they should order a property inspection as a part of their
due diligence for the purchase of the home. Which of the following
would be the most appropriate way for the listing agent to respond?
1. If you feel it is in your best interest, please do so.
2. Since I represent the seller I am not able to answer your question.
3. I am not aware of any issues that such an inspection would
identify.
, 4. Since the seller has provided a property disclosure, there should
be no need for any further inspection. Answer: If you feel it is in
your best interest, please do so.
◉Which of the following consumers would be able to derive the
most benefit from a reverse mortgage?
1. Any homeowner whose property is free of any mortgage
encumbrance.
2. A young couple whose mortgage loan has a higher interest rate
than the current rate for new loans.
3. A 65-year-old man who has recently bought a condominium with
a conventional loan for 90 percent of the purchase price
4. A couple in their late 60?s who need to tap their home equity to
help cover their expenses but do not want to sell their house.
Answer: A couple in their late 60?s who need to tap their home
equity to help cover their expenses but do not want to sell their
house.
◉A seller tells the listing agent that her home was treated for
termites 10 years ago, so there are no termites now. Before listing
the property, the agent should
1. tell the seller not to disclose, because the statute of limitations has
run out.
