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PSI NATIONAL REAL ESTATE EXAM QUESTIONS & A+ ANSWERS UPDATED 2026/2027 | Contracts, Property Law, Antitrust, Water Rights, Mortgages, FHA, Finance, Real Estate Math | INSTANT DOWNLOAD

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Prepare for the **PSI National Real Estate Exam** with a comprehensive study resource covering essential national real estate concepts, terminology, laws, contracts, property rights, financing, mortgages, FHA, antitrust regulations, water rights, earnest money, depreciation, personal and real property, and real estate mathematics. This resource is designed for students preparing for the **PSI National Real Estate Exam, National Real Estate License Exam, Real Estate Salesperson Exam, Real Estate Broker Exam, and national real estate licensing examinations**. ### NATIONAL REAL ESTATE EXAM QUESTIONS & ANSWERS The material covers important national real estate examination topics, including: * Real estate contracts * Purchase and sales contracts * Buyer and seller agreements * Counteroffers * Multiple contracts * Earnest money deposits * Contract performance * Antitrust laws * Market competition * Commission agreements * Property ownership * Real property * Personal property * Severance * Water rights * Riparian rights * Littoral rights * Prior appropriation * Inverse condemnation * Fair Housing * Racial discrimination * Property disclosures * Suicide disclosure * Building measurements * Real estate brokerage responsibilities ### REAL ESTATE CONTRACTS Review essential contract concepts, including **written purchase agreements, buyer and seller obligations, offers, counteroffers, acceptance, contract validity, earnest money, and evidence of a buyer's intention to perform**. The material includes scenarios involving buyers who make multiple offers, seller counteroffers, acceptance, and the validity of competing real estate contracts. ### ⚖️ ANTITRUST & REAL ESTATE COMPETITION Study important antitrust concepts involving competing real estate brokers and prohibited business practices. Topics include: * Price fixing * Commission rate fixing * Market allocation * Market division * Boycotting * Competition * Broker commissions * Management rates * Antitrust laws ### PROPERTY OWNERSHIP & REAL PROPERTY Review fundamental property concepts including **real property, personal property, severance, fixtures, land ownership, property rights, and conversion of real property to personal property**. The material also addresses the distinction between real and personal property and the process of **severance**. ### WATER RIGHTS & LAND BORDERING WATER Understand national real estate water-right concepts including: * Riparian rights * Littoral rights * Prior appropriation * Water rights * Land bordering water * State-controlled water rights * Common-law water rights * Navigable and non-navigable waterways ### ️ EMINENT DOMAIN & INVERSE CONDEMNATION Review **inverse condemnation** and the parties who may bring claims when government action affects private property rights. ### MORTGAGES & REAL ESTATE FINANCE The study material covers major mortgage and financing topics, including: * Fully amortized loans * Mortgage payments * Loan terms * Interest rates * 15-year mortgages * 30-year mortgages * Mortgage amortization * Acceleration clauses * Mortgage default * Immediate payment of the entire note * Discount points * Interest-rate reduction * Buyer-paid points * Seller-paid points * Marketplace factors ###

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PSI National Exam for Real Estate
Questions Verified and Provided with
Complete A+ Graded Answers Latest
Updated 2026


A written agreement in which a purchaser agrees a contract
to buy and a seller agrees to sell is called


Antitrust laws prohibit competing brokers from all 1. boycotting other brokers in the marketplace.
of the following 2.dividing the market to restrict competition.
3.agreeing to set sales commissions and management rates.


When a sewer line is installed down a rural road, all current owners of real estate fronting on that road
the cost will probably be shared by


State laws differ on whether a buyer is entitled to a suicide that occurred in the house last year.
know about


A lawsuit for inverse condemnation may be a homeowner
brought by


When is racial discrimination in the rental of Under no circumstances
rooms or apartments permitted?


The real estate broker who is listing a house for the number of square feet in the building
sale should personally verify


Real property can be converted to personal Severance
property by


Prospective buyers made an offer on a property. Both contracts are valid
The seller did NOT accept, but made a
counteroffer. The
prospective buyers signed the counteroffer and
the real estate agent delivered their acceptance to
the seller.
In the interim, the same buyers had found another
house that they liked better and made an offer on
it, which was accepted. Which of the following is
TRUE?



Although states make specific laws governing prior appropriation
water rights and the rights in land that borders
water, most states
generally follow one of two basic
doctrines regarding water rights. In many
states, the
common law doctrine of riparian and littoral rights
dictates that water rights are automatically
conveyed with property. In others, all water rights
are controlled by the state under the doctrine

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