PSI National Real Estate 2027 Exam Latest Complete Questions
and 100% Correct Answers (Top Score Assurance)
Question 1.
The servient estate in an easement appurtenant is the property
Correct Answer: on which the easement is placed
Question 2.
Which of the following statements concerning encumbrances is NOT true
Correct Answer: All encumbrances are liens
Question 3.
Which of the following is NOT a specific lien
Correct Answer: State inheritance taxes
Question 4.
You have entered into a lease that requires you to pay 20% of the owners expenses.
Your lease would be an example of a
Correct Answer: net lease
Question 5.
If a husband and wife own an apartment building and the husband owns an undivided
three-fourths interest and the wife owns a one-fourth interest, what type of tenancy
exists?
Correct Answer: Tenancy in common
Question 6.
The highest form of ownership interest a person may hold in real estate is
Correct Answer: fee simple
Question 7.
Two unrelated people own a three-unit apartment building as tenants in common. One
wants to sell but the other does not which of the following statement describes the legal
rights of the party who wants to sell?
Correct Answer: The party may request a court to partition the building
, Question 8.
Your aunt died in-estate and you inherited her house, The way in which you acquired the
title to her house is by
Correct Answer: descent
Question 9.
All of the following statements correctly describe a legal life estate EXCEPT
Correct Answer: During his or her life estate, the life tenant is generally
answerable to the holder of the future interest
Question 10.
A time share estate isn't a
Correct Answer: lease hold estate
• A state wants to build a publicity owned convention center to attract private
development in its largest city. Can the state use eminent domain to acquire
the land -✓✓Yes, if just compensation is paid to the owners of the land
Question 11.
The city in which you live has a zoning ordinance. The basis for the city to have such an
ordinance is
Correct Answer: Police Power
Question 12.
Police power-deed restriction
Correct Answer: are not related
Question 13.
Strict liability under Superfund means that...
Correct Answer: the owner is responsible to the injured party without excuse
Question 14.
All of the following correctly describes how real estate licensees should handle the
possibility of hazardous substances on a property being sold EXCEPT
Correct Answer: Licensees should not disclose the problem, becuase it might
harm the seller
and 100% Correct Answers (Top Score Assurance)
Question 1.
The servient estate in an easement appurtenant is the property
Correct Answer: on which the easement is placed
Question 2.
Which of the following statements concerning encumbrances is NOT true
Correct Answer: All encumbrances are liens
Question 3.
Which of the following is NOT a specific lien
Correct Answer: State inheritance taxes
Question 4.
You have entered into a lease that requires you to pay 20% of the owners expenses.
Your lease would be an example of a
Correct Answer: net lease
Question 5.
If a husband and wife own an apartment building and the husband owns an undivided
three-fourths interest and the wife owns a one-fourth interest, what type of tenancy
exists?
Correct Answer: Tenancy in common
Question 6.
The highest form of ownership interest a person may hold in real estate is
Correct Answer: fee simple
Question 7.
Two unrelated people own a three-unit apartment building as tenants in common. One
wants to sell but the other does not which of the following statement describes the legal
rights of the party who wants to sell?
Correct Answer: The party may request a court to partition the building
, Question 8.
Your aunt died in-estate and you inherited her house, The way in which you acquired the
title to her house is by
Correct Answer: descent
Question 9.
All of the following statements correctly describe a legal life estate EXCEPT
Correct Answer: During his or her life estate, the life tenant is generally
answerable to the holder of the future interest
Question 10.
A time share estate isn't a
Correct Answer: lease hold estate
• A state wants to build a publicity owned convention center to attract private
development in its largest city. Can the state use eminent domain to acquire
the land -✓✓Yes, if just compensation is paid to the owners of the land
Question 11.
The city in which you live has a zoning ordinance. The basis for the city to have such an
ordinance is
Correct Answer: Police Power
Question 12.
Police power-deed restriction
Correct Answer: are not related
Question 13.
Strict liability under Superfund means that...
Correct Answer: the owner is responsible to the injured party without excuse
Question 14.
All of the following correctly describes how real estate licensees should handle the
possibility of hazardous substances on a property being sold EXCEPT
Correct Answer: Licensees should not disclose the problem, becuase it might
harm the seller
