PSI Iowa Real Estate Exam (National
Portion) - Amy Schaffer Questions And
Answers
Discrimination on the basis of any of the following could be
constructed as violations of fair housing laws EXCEPT for
discrimination based on
a. Ethnic considerations
b. Sexual considerations
c. Economic considerations
d. Religious considerations -
correct answer ✅C
The amount of a loan expressed as a percentage of the value of the
real estate offered as collateral is the
a. Amortization ratio
b. Loan to value ratio
c. Debt to equity ratio
d. Capital use ration -
correct answer ✅B
A listing contract in which the broker's commission is contingent on
the broker being able to produce a buyer before the property is
sold by the owner or another broker is called a (n):
,PSI Iowa Real Estate Exam (National
Portion) - Amy Schaffer Questions And
Answers
a. Open listing
b. Net listing
c. Exclusive right to sell listing
d. Exclusive agency listing -
correct answer ✅A
A property owner lists his property for sale with a broker. During
the negotiations, the owner told the broker that the owner wanted
$138,000 for the property, and anything above that amount the
broker could keep as his commission. The listing with this type of
provisions is known as
a. Gross listing
b. Net listing
c. Open listing
d. Non-exclusive listing -
correct answer ✅B
Using the mortgage factor chart, what is the monthly payment for
$150,000 loan at 8.5 percent for 30 years?
a. $1,429.50
,PSI Iowa Real Estate Exam (National
Portion) - Amy Schaffer Questions And
Answers
b. $1,486.50
c. $1,153.50
d. $1,581.00 -
correct answer ✅C
A house for sale was advertised "fine executive home in an
exclusive neighborhood, suitable for an older couple; near St.
Mary's Church" all of the following are true EXCEPT:
a. a. This is a descriptive of the property for sale and a good ad
b. An exclusive neighborhood could be interpreted to mean that
minorities are not welcome
c. It appears that families with children are not welcome
d. The neighborhood could appear to be undesirable for people
who do not follow the same religion as St. Mary's church -
correct answer ✅A
Statements by a real estate license exaggerating the benefits of a
property are called
a. Polishing
b. Puffing
, PSI Iowa Real Estate Exam (National
Portion) - Amy Schaffer Questions And
Answers
c. Prospecting
d. Marketing -
correct answer ✅B
When a company furnishes materials for the construction of a
house and is subsequently not paid, it may file a(n):
a. Deficiency judgment
b. Lis pendens
c. Estoppel certificate
d. Mechanics lien -
correct answer ✅D
Steering is
a. Leading prospective homeowners to or away from certain
neighborhoods
b. Refusing to make loans on properties located in certain areas
c. A requirement for the broker to join MLS
d. A practice of standardizing commission rates -
correct answer ✅A
Portion) - Amy Schaffer Questions And
Answers
Discrimination on the basis of any of the following could be
constructed as violations of fair housing laws EXCEPT for
discrimination based on
a. Ethnic considerations
b. Sexual considerations
c. Economic considerations
d. Religious considerations -
correct answer ✅C
The amount of a loan expressed as a percentage of the value of the
real estate offered as collateral is the
a. Amortization ratio
b. Loan to value ratio
c. Debt to equity ratio
d. Capital use ration -
correct answer ✅B
A listing contract in which the broker's commission is contingent on
the broker being able to produce a buyer before the property is
sold by the owner or another broker is called a (n):
,PSI Iowa Real Estate Exam (National
Portion) - Amy Schaffer Questions And
Answers
a. Open listing
b. Net listing
c. Exclusive right to sell listing
d. Exclusive agency listing -
correct answer ✅A
A property owner lists his property for sale with a broker. During
the negotiations, the owner told the broker that the owner wanted
$138,000 for the property, and anything above that amount the
broker could keep as his commission. The listing with this type of
provisions is known as
a. Gross listing
b. Net listing
c. Open listing
d. Non-exclusive listing -
correct answer ✅B
Using the mortgage factor chart, what is the monthly payment for
$150,000 loan at 8.5 percent for 30 years?
a. $1,429.50
,PSI Iowa Real Estate Exam (National
Portion) - Amy Schaffer Questions And
Answers
b. $1,486.50
c. $1,153.50
d. $1,581.00 -
correct answer ✅C
A house for sale was advertised "fine executive home in an
exclusive neighborhood, suitable for an older couple; near St.
Mary's Church" all of the following are true EXCEPT:
a. a. This is a descriptive of the property for sale and a good ad
b. An exclusive neighborhood could be interpreted to mean that
minorities are not welcome
c. It appears that families with children are not welcome
d. The neighborhood could appear to be undesirable for people
who do not follow the same religion as St. Mary's church -
correct answer ✅A
Statements by a real estate license exaggerating the benefits of a
property are called
a. Polishing
b. Puffing
, PSI Iowa Real Estate Exam (National
Portion) - Amy Schaffer Questions And
Answers
c. Prospecting
d. Marketing -
correct answer ✅B
When a company furnishes materials for the construction of a
house and is subsequently not paid, it may file a(n):
a. Deficiency judgment
b. Lis pendens
c. Estoppel certificate
d. Mechanics lien -
correct answer ✅D
Steering is
a. Leading prospective homeowners to or away from certain
neighborhoods
b. Refusing to make loans on properties located in certain areas
c. A requirement for the broker to join MLS
d. A practice of standardizing commission rates -
correct answer ✅A
