PSI Exam-.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/PSI%20Exam-
PSI Exam Questions & Answers
1. African American family would like to courtthisrent a clubhouse but the
owners says no because it's a members only is License by eliminating ease-
ment through discrimination?
Answer No, because it is members only
2. An example of the power of eminent domain?
Answer Condemnation
3. The seller has a beautiful dining room ceiling fixture that matches his entire
dining room set. If the sales contract does not specifically state whether the
fixture is included in the sale or excluded from it, the buyers agent can tell the
buyer to expect that the dining room fixture will be?
Answer Included in the sale
4. Which of the following behaviors demonstrates the loyalty at broker owesto
the seller who is his client
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,PSI Exam-.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/PSI%20Exam-
Answer Broker tells buyers the sellers exact timeframe formoving to expedite the
contract
5. A first-year licensee without either a degree in finance or a strong back-
ground and reinvestments should generally refrain from?
Answer Giving advice ininvesting
6. Not a necessary part of the process for changing zoning regulations
Answer Voting
7. A condominium complex is exempt from their housing requirements regard-
ing housing for families with children in it?
Answer If the capacity is 80% seniors 65 andolder
8. A sales person just attended a class on using social media to further her real
estate sales career. She was so excited about the class that she immediately
came home and signed up for Facebook, Twitter, and LinkedIn. She has chosena
listing to market via social networking a residence recently built to resembleand
antebellum mansion. Which wording or phrases may she lawfully includein her
2/9
2 of 27 11/18/2024, 3:32
,PSI Exam-.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/PSI%20Exam-
advertising?
Answer Antebellum style mansion
9. Which of the following is true about a competitive market analysis?
Answer Per-formed by agent not formal appraisal
10. I buyer received a sellers property condition disclosure in which the buyers
agent believes the seller has misrepresented the condition of the property. The
buyers agent should?
Answer Point out his or her concerns to the buyer and recommendfurther inspection
or investigation
11. A borrower who is making payments on a loan was required to make a
balloon payment at the end of the loan.This is most likely a?
Answer Partially amortized
12. Who pays for you to be fingerprinted?
Answer Real estate agent
3/9
3 of 27 11/18/2024, 3:32
PSI Exam Questions & Answers
1. African American family would like to courtthisrent a clubhouse but the
owners says no because it's a members only is License by eliminating ease-
ment through discrimination?
Answer No, because it is members only
2. An example of the power of eminent domain?
Answer Condemnation
3. The seller has a beautiful dining room ceiling fixture that matches his entire
dining room set. If the sales contract does not specifically state whether the
fixture is included in the sale or excluded from it, the buyers agent can tell the
buyer to expect that the dining room fixture will be?
Answer Included in the sale
4. Which of the following behaviors demonstrates the loyalty at broker owesto
the seller who is his client
1/9
1 of 27 11/18/2024, 3:32
,PSI Exam-.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/PSI%20Exam-
Answer Broker tells buyers the sellers exact timeframe formoving to expedite the
contract
5. A first-year licensee without either a degree in finance or a strong back-
ground and reinvestments should generally refrain from?
Answer Giving advice ininvesting
6. Not a necessary part of the process for changing zoning regulations
Answer Voting
7. A condominium complex is exempt from their housing requirements regard-
ing housing for families with children in it?
Answer If the capacity is 80% seniors 65 andolder
8. A sales person just attended a class on using social media to further her real
estate sales career. She was so excited about the class that she immediately
came home and signed up for Facebook, Twitter, and LinkedIn. She has chosena
listing to market via social networking a residence recently built to resembleand
antebellum mansion. Which wording or phrases may she lawfully includein her
2/9
2 of 27 11/18/2024, 3:32
,PSI Exam-.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/PSI%20Exam-
advertising?
Answer Antebellum style mansion
9. Which of the following is true about a competitive market analysis?
Answer Per-formed by agent not formal appraisal
10. I buyer received a sellers property condition disclosure in which the buyers
agent believes the seller has misrepresented the condition of the property. The
buyers agent should?
Answer Point out his or her concerns to the buyer and recommendfurther inspection
or investigation
11. A borrower who is making payments on a loan was required to make a
balloon payment at the end of the loan.This is most likely a?
Answer Partially amortized
12. Who pays for you to be fingerprinted?
Answer Real estate agent
3/9
3 of 27 11/18/2024, 3:32
