Exam (elaborations)

National PSI Broker Exam Post test questions with answers

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National PSI Broker Exam Post test questions with answers

Institution

PSI National Real Estate

Course

PSI National real estate

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Institution: PSI National real estate
Course: PSI National real estate

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Uploaded on: November 24, 2025
Number of pages: 157
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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national psi broker exam post test questions with

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National /

PSI
/ /

Broker
/ /

Exam Post test questions with answers
/ // // // // // //

In /

the appraisal process, the capitalization rate is used by an appraiser
/ // // // // // // // // // //

to determine which type of value?
// // // // // //

A)
Future value of any type of property
// // // // // //

// B)
Past value of a unique and income-producing property
// // // // // // //

// C)
Present value of an income-producing property
// // // // //

// D)
Probable /

value of residential property - CORRECT ANSWERS(S)✔✔C)
/ // // // // // //

,The answer is present value of an income-
// // // // // // //

producing /

property.
/ /

The
/ /

capitalization
/ /

formula
/ /

uses
/ /

current
/ /

net
/ /

operating
/ /

income (NOI) to determine the present value of an income-
/ // // // // // // // // //

producing property. //

If the current monthly GRM on a single-
// // // // // // //

family /

home
/ /

is
/ /

100
/ /

with
/ /

an
/ /

estimated
/ /

annual
/ /

income of $24,000, what is the estimated value of the property?
/ // // // // // // // // // //

A)
$120,000

,// B)
$200,000
// C)
$240,000
// D)
$2,400,000 - CORRECT ANSWERS(S)✔✔B) // // //

The /

answer
/ /

is
/ /

$200,000.
/ /

Monthly
/ /

gross
/ /

rent
/ /

multiplier (GRM) × monthly income = value. 100 × 2,000 ($24,000
/ // // // // // // // // // //

÷ 12) = $200,000.
// // // //

An /

appraiser
/ /

is
/ /

using
/ /

the
/ /

sales
/ /

comparison
/ /

approach to estimate the value of a residential home. The appraiser
/ // // // // // // // // // //

, // will /

/ make /

/ positive /

/ and /

/ negative /

/ adjustments /

/ to the sold comparables for all of the following factors EXCEPT
// // // // // // // // // //

A)
square footage of the sold properties.
// // // // //

// B)
lot /

size and location of each sold comparable in relation to the subject.
/ // // // // // // // // // // //

// C)
actual replacement and reproduction cost.
// // // //

// D)
date /

of sale of each sold comparable. - CORRECT ANSWERS(S)✔✔C)
/ // // // // // // // //

The /

answer
/ /

is
/ /

actual
/ /

replacement
/ /

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National PSI Broker Exam Post test questions with answers

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