OK PSI EXAM TEST QUESTIONS AND
ANSWERS 2025 UPDATE.
Question 1
A homeowner has negotiated with a neighbor to obtain the permanent right to pass over
the northern part of the neighbor's land to gain access to the river. He pays the neighbor
$9,000 for the right of access and receives a deed. This is an easement
Correct Answer
appurtenant
Question 2
A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant
paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have?
Correct Answer
Tenancy at will
Question 3
The main difference between tenancy in common and joint tenancy is that with tenancy in
common, when a co-owner dies,
Correct Answer
his undivided interest passes to his heirs
Question 4
Although states make specific laws governing water rights and the rights in land that borders
water, most states generally follow one of two basic doctrines regarding water rights. Either
riparian and littoral rights are automatically conveyed with property, or all water rights are
controlled by the state under the doctrine of prior appropriation. The doctrine of prior
appropriation is MOST likely to be followed in states where
Correct Answer
water is scarce
Question 5
A legal easement can be created by any of the following EXCEPT
Correct Answer
merger of the titles
Question 6
Legal descriptions using the government survey system are NOT generally used in
Correct Answer
the original 13 states
Question 7
Real property can be converted to personal property by
Correct Answer
, severance
Question 8
A lawsuit for inverse condemnation may be brought by
Correct Answer
homeowner
Question 9
Building codes are
Correct Answer
ordinances that specify construction standards
Question 10
A landowner wishes to build a neighborhood grocery store on a busy street in an area zoned
for residential use. Which of the following would MOST likely be used to obtain permission
for this store?
Correct Answer
Conditional use permit or zoning variance.
Question 11
An environmental impact statement typically describes the effects of a proposed project on
factors such as
Correct Answer
public health and safety.
Question 12
A deed restriction is applicable to the activities of
Correct Answer
all owners, present and future
Question 13
A commercial property lost value because a recently constructed highway moved traffic away
from the property. This is an example of
Correct Answer
economic or external obsolescence.
Question 14
A competitive market analysis is MOST often used fo
Correct Answer
setting a listing price.
Question 15
When compiling a competitive market analysis, a broker would look for comparable
properties that
ANSWERS 2025 UPDATE.
Question 1
A homeowner has negotiated with a neighbor to obtain the permanent right to pass over
the northern part of the neighbor's land to gain access to the river. He pays the neighbor
$9,000 for the right of access and receives a deed. This is an easement
Correct Answer
appurtenant
Question 2
A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant
paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have?
Correct Answer
Tenancy at will
Question 3
The main difference between tenancy in common and joint tenancy is that with tenancy in
common, when a co-owner dies,
Correct Answer
his undivided interest passes to his heirs
Question 4
Although states make specific laws governing water rights and the rights in land that borders
water, most states generally follow one of two basic doctrines regarding water rights. Either
riparian and littoral rights are automatically conveyed with property, or all water rights are
controlled by the state under the doctrine of prior appropriation. The doctrine of prior
appropriation is MOST likely to be followed in states where
Correct Answer
water is scarce
Question 5
A legal easement can be created by any of the following EXCEPT
Correct Answer
merger of the titles
Question 6
Legal descriptions using the government survey system are NOT generally used in
Correct Answer
the original 13 states
Question 7
Real property can be converted to personal property by
Correct Answer
, severance
Question 8
A lawsuit for inverse condemnation may be brought by
Correct Answer
homeowner
Question 9
Building codes are
Correct Answer
ordinances that specify construction standards
Question 10
A landowner wishes to build a neighborhood grocery store on a busy street in an area zoned
for residential use. Which of the following would MOST likely be used to obtain permission
for this store?
Correct Answer
Conditional use permit or zoning variance.
Question 11
An environmental impact statement typically describes the effects of a proposed project on
factors such as
Correct Answer
public health and safety.
Question 12
A deed restriction is applicable to the activities of
Correct Answer
all owners, present and future
Question 13
A commercial property lost value because a recently constructed highway moved traffic away
from the property. This is an example of
Correct Answer
economic or external obsolescence.
Question 14
A competitive market analysis is MOST often used fo
Correct Answer
setting a listing price.
Question 15
When compiling a competitive market analysis, a broker would look for comparable
properties that
