- Study guides, Class notes & Summaries

The National PSI Broker Exam 2025/2026 includes 200 real exam-style questions with 100% correct verified answers and detailed rationales, covering all essential areas such as contracts, financing, property ownership, agency, ethics, and national real estate laws. This brand-new edition is designed to mirror the actual PSI Broker licensing exam format, giving you the confidence and knowledge to pass on your first attempt—guaranteed. Perfect for brokers seeking a reliable, updated, and comprehen...

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34 pages

Written in 2025/2026

Grade A+

JAYDEN254

Government rights in land 1 2 3 4 - Answer 1. Police Power 2. Eminent Domain 3. Property Taxes 4. Escheat police power - Answer Enacts and Enforces laws governing land use - public control of land ( Eg. zoning, building codes, etc) eminant domain - Answer Power of a government to take private property for public use. Property Taxes - Answer Ad valorem ( at assessed value) Escheat - Answer governments reversionary right. Abandoned property of intestate owners wit...

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25 pages

Written in 2025/2026

Grade A+

TestSolver9

Amenity - Answer A tangible or intangible feature that enhances and adds value to real estate. Arm's Length Transaction - Answer A transaction that occurred under typical conditions in the marketplace where each of the parties were acting in their own best interests. Assemblage - Answer The combining of two or more parcels of land into one larger parcel. Balance - Answer A condition that exists in the real estate market when there are slightly more homes available than bu...

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3 pages

Written in 2025/2026

Grade A+

TestSolver9

Water Rights - Answer The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is - Answer an agent to the broker and a subagent to the principal. Depreciation is calculated based on the - Answer Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title is held by the - An...

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14 pages

Written in 2025/2026

Grade A+

TestSolver9

Legal descriptions using the government survey system are NOT generally used in - Answer the original 13 states. Real property can be converted to personal property by - Answer severance A homeowner is willing to let his neighbor park an RV in his backyard. He does NOT want to make the permission permanent in case he dislikes others who might move next door in the future. What should he give his neighbor? - Answer A license. A broker hires a salesperson as an independent contra...

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9 pages

Written in 2025/2026

Grade A+

TestSolver9

Which of the following would NOT be considered Real Property? 1. Mineral Rights 2. A Leasehold Estate 3. Fixtures 4. Air - Answer 2. A Leasehold Estate The servient estate in an easement appurtenant is the property 1. owned by the landlord 2. on which the easement is placed 3. owned by the tenant 4. that benefits from the easement - Answer 2. on which the easement is placed Which of the following statements concerning encumbrances is NOT true 1. All encumbrances are li...

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16 pages

Written in 2025/2026

Grade A+

TestSolver9

A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an advance fee listing. - Answer an exclusive agency listing What critical aspect of the property inspection process MUST licensees convey to prospective buyers? 1. Difficulty of finding competent ...

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19 pages

Written in 2025/2026

Grade A+

TestSolver9

Acceptance - Answer 1. Agreeing to the terms of an offer to enter into a contract, thereby creating a binding contract. 2. Taking delivery of a deed. Consideration - Answer Anything of value, such as money, services, goods, or promises, given to induce another to enter into a contract. Sometimes called valuable _________ Contingency Clause - Answer A provision in a contract or deed that makes the parties’ rights and obligations depend on the occurrence (or nonoccurren...

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2 pages

Written in 2025/2026

Grade A+

TestSolver9

Recently a homeowner suffered damage to their heating and cooling system due to normal wear and tear through the years. What offers coverage for this type of property damage? - Answer Home Warranty Which act can a transaction broker not perform? - Answer negotiate a sales price Which of the following forces has an impact on value? - Answer both economic and political Which category of water is a stream? - Answer Watercourse A building that is valued at $510000 isbeing dep...

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7 pages

Written in 2025/2026

Grade A+

TestSolver9

A legal description in land that includes language like "the old oak tree" or "the big rock" would be - Answer Metes and bounds As a licensee is showing a property contiguous to a lake, the licensee notices that the lake has a large amount of algae. The buyer wishes to make an offer. What should the licensee do? - Answer Encourage the buyer to have an authoritative party investigate the algae growth. All the following are protected classifications except - Answer Homos...

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8 pages

Written in 2025/2026

Grade A+

TestSolver9

Rectangular Survey - Answer The land description T3N, R4W Principal Meridian refers to what method of property description? B)Situs - Answer Two lots the same size are sold on a street the lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics most likely explains the price difference? a) Uniqueness b)Situs c)indestructibility d)permanence of investment of indeterminable duration - Answer A major difference between...

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4 pages

Written in 2025/2026

Grade A+

TestSolver9

A broker is completing a CMA to determine the potential listing price of a seller's home. Which of the following is NOT part of the final CMA given to the seller? A) Highest and best use evaluation B) Comparable sales analysis C) Adjustments to past sales D) Pictures of comparables - Answer A) The answer is highest and best use evaluation. An appraiser does a highest and best use evaluation, which does not appear in a CMA. Houses in the local area have had an increase in...

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37 pages

Written in 2025/2026

Grade A+

TestSolver9

National PSI EXAM PRACTICE TEST With 50 Questions and answers Newest RATED A+ 2025/2026 2 Exam (elaborations) National PSI Exam prep question and answers New!! question like this will be on the test, learn the meaning behind everything. 2025/2026 3 Exam (elaborations) National PSI Broker Exam prep 100% verified correct 2025/2026 Newest RATED A+

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4 items

STUVANA

National PSI Broker Exam Post test With 80 Questions and answers New!! 100% verified correct 2025/2026National PSI Broker Exam Post test With 80 Questions and answers New!! 100% verified correct 2025/2026National PSI Broker Exam Post test With 80 Questions and answers New!! 100% verified correct 2025/2026National PSI Broker Exam Post test With 80 Questions and answers New!! 100% verified correct 2025/2026National PSI Broker Exam Post test With 80 Questions and answers New!! 100% verified correct...

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49 pages

Written in 2024/2025

Grade A+

STUVANA

National PSI Broker Exam prep 100% verified correct 2025/2026 Newest RATED A+National PSI Broker Exam prep 100% verified correct 2025/2026 Newest RATED A+National PSI Broker Exam prep 100% verified correct 2025/2026 Newest RATED A+National PSI Broker Exam prep 100% verified correct 2025/2026 Newest RATED A+National PSI Broker Exam prep 100% verified correct 2025/2026 Newest RATED A+National PSI Broker Exam prep 100% verified correct 2025/2026 Newest RATED A+National PSI Broker Exam prep 100% ver...

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50 pages

Written in 2024/2025

Grade A+

STUVANA

NATIONAL PSI BROKER EXAM POST TEST EXAM WITH CORRECT ACTUAL QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST ALREADY GRADED A+

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61 pages

Written in 2024/2025

Grade A+

NurseLNJ

NATIONAL PSI BROKER EXAM PREP EXAM WITH CORRECT ACTUAL QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST ALREADY GRADED A+

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63 pages

Written in 2024/2025

Grade A+

NurseLNJ

2024/2025 National PSI Broker Exam prep with Complete Solutions

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31 pages

Written in 2024/2025

Grade A+

CLOUND

National PSI Broker Exam prep Questions With Complete Solutions

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54 pages

Written in 2024/2025

Classroom

National PSI Broker Exam prep 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

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78 pages

Written in 2024/2025

Grade A+

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