PSI NATIONAL REAL ESTATE |ACTUAL QUESTIONS
AND VERIFIED ANSWERS|BRAND NEW 2026-2027
UPDATE|GRADED A+
Question 1
Which of the following is classified as personal property?
Select one:
A. apartment lease
B. business reputation
C. tool shed attached to the brick foundation
D. both A and B
CORRECT ANSWER
both A and B
Question 2
An appurtenant easement may be terminated by:
Select one:
A. a merging of the dominant and servient estates
B. condemnation of the servient estate through eminent domain
C. abandonment by the servient estate
D. all of the above
CORRECT ANSWER
a merging of the dominant and servient estates
Question 3
1
@THE STUDY VAULT
,Which of the following is an example of a tenancy at sufferance?
Select one:
A. a farmer who refuses to give up possession when his lease expires in order to harvest his
growing crops
B. a person who leases a store and renews her lease on a month-to-month basis
C. a tenant who installed trade fixtures, but did not remove them when the lease expired
D. a tenant that uses the premises in violation of her lease
CORRECT ANSWER
a farmer who refuses to give up possession when his lease expires in order to harvest his
growing crops
Question 4
A land description that reads "T4S, R3E" is most likely based on the:
Select one:
A. monument method
B. government survey method
C. metes and bounds method
D. recorded plat method
CORRECT ANSWER
government survey method
Question 5
Former personal property that automatically conveys is most likely to:
Select one:
A. occur only by agreement
B. be a chattel
2
@THE STUDY VAULT
, C. be a trade fixture
D. be a fixture
CORRECT ANSWER
be a fixture
Question 6
Mr. & Mrs. Jones sold their home to a church, but retained the right to occupy the
property as long as they lived. The interest of the church is that of a:
Select one:
A. remainder estate
B. life estate
C. reversion estate
D. trustee
CORRECT ANSWER
remainder estate
Question 7
Three people inherit unequal shares of a single piece of property. How could they hold
ownership?
Select one:
A. as tenants in severalty
B. as tenants in common
C. as joint tenants
D. either B or C
CORRECT ANSWER
as tenants in common
3
@THE STUDY VAULT
AND VERIFIED ANSWERS|BRAND NEW 2026-2027
UPDATE|GRADED A+
Question 1
Which of the following is classified as personal property?
Select one:
A. apartment lease
B. business reputation
C. tool shed attached to the brick foundation
D. both A and B
CORRECT ANSWER
both A and B
Question 2
An appurtenant easement may be terminated by:
Select one:
A. a merging of the dominant and servient estates
B. condemnation of the servient estate through eminent domain
C. abandonment by the servient estate
D. all of the above
CORRECT ANSWER
a merging of the dominant and servient estates
Question 3
1
@THE STUDY VAULT
,Which of the following is an example of a tenancy at sufferance?
Select one:
A. a farmer who refuses to give up possession when his lease expires in order to harvest his
growing crops
B. a person who leases a store and renews her lease on a month-to-month basis
C. a tenant who installed trade fixtures, but did not remove them when the lease expired
D. a tenant that uses the premises in violation of her lease
CORRECT ANSWER
a farmer who refuses to give up possession when his lease expires in order to harvest his
growing crops
Question 4
A land description that reads "T4S, R3E" is most likely based on the:
Select one:
A. monument method
B. government survey method
C. metes and bounds method
D. recorded plat method
CORRECT ANSWER
government survey method
Question 5
Former personal property that automatically conveys is most likely to:
Select one:
A. occur only by agreement
B. be a chattel
2
@THE STUDY VAULT
, C. be a trade fixture
D. be a fixture
CORRECT ANSWER
be a fixture
Question 6
Mr. & Mrs. Jones sold their home to a church, but retained the right to occupy the
property as long as they lived. The interest of the church is that of a:
Select one:
A. remainder estate
B. life estate
C. reversion estate
D. trustee
CORRECT ANSWER
remainder estate
Question 7
Three people inherit unequal shares of a single piece of property. How could they hold
ownership?
Select one:
A. as tenants in severalty
B. as tenants in common
C. as joint tenants
D. either B or C
CORRECT ANSWER
as tenants in common
3
@THE STUDY VAULT
