- Study guides, Class notes & Summaries

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. an exclusive agency listing What critical aspect of the property inspection process MUST licensees convey to prospective buyers? 1. Difficulty of finding competent inspectors...

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37 pages

Written in 2023/2024

Grade A+

StudyLoom01

PSI Real Estate Salesperson Exam 1 with Approved Answers | Latest 2023/2024 Which of the following would NOT be considered Real Property? 1. Mineral Rights 2. A Leasehold Estate 3. Fixtures 4. Air ️ 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 ️ 2. on which the easement is placed Which of the following statements concerning e...

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12 pages

Written in 2023/2024

Grade A+

AcademiaExpert

PSI Services LLC Real Estate Salesperson National Exam Study Guide 2026–2027 is designed for candidates preparing for the national portion of a PSI-administered real estate salesperson licensing examination. The resource supports review of national real estate principles and practices, including property ownership, land use controls, valuation, financing, contracts, agency relationships, property disclosures, leasing and property management, and real estate calculations. PSI's national sale...

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71 pages

Written in 2026/2027

Grade A+

ruthmuthoni

PSI Services LLC Real Estate Salesperson — National 2026/2027 study guide and exam-preparation resource for candidates preparing for the national portion of the PSI Real Estate Salesperson licensing examination. The current PSI national examination outline identifies 100 scored items, a 70% passing score and 150 minutes for the Salesperson National portion, with content covering property ownership, land use controls, valuation, financing, general principles of agency, property disclosures, con...

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75 pages

Written in 2026/2027

Grade A+

Prepstudyessentials

PSI Services LLC Real Estate Salesperson — National 2026/2027 is an exam-prep resource for candidates preparing for the National portion of PSI real estate salesperson licensing examinations. The current PSI National content outline covers property ownership, land use controls, valuation, financing, general principles of agency, contracts and conveyances, practice and disclosures, property management, transfer of title, and real estate calculations. PSI's examination summary currently lists...

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49 pages

Written in 2026/2027

Grade A+

BrightVarsity

PSI Services LLC Real Estate Salesperson — National 2026/2027 is a focused study and exam-prep resource for candidates preparing for the National portion of PSI-administered real estate salesperson licensing examinations. The PSI national content outline covers core real estate principles and practices including property ownership, land characteristics and legal descriptions, contracts and agency, financing, valuation and market analysis, property disclosures, title transfer, land use controls...

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64 pages

Written in 2026/2027

Grade A+

Prepstudyessentials

Psi Real Estate Salesperson Practice Exam 2026 Questions And Answers | A+ Graded | With Expert Solutions

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24 pages

Written in 2025/2026

Grade A+

NursAid

Psi Real Estate Salesperson Practice Exam 2026 Questions And Answers | A+ Graded | With Expert Solutions

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37 pages

Written in 2025/2026

Grade A+

TRUSTEDHUB

Psi Real Estate Salesperson Exam 1 Practice Script 2026 Questions With Answers Graded A+

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26 pages

Written in 2025/2026

Grade A+

alcorbgeneralstore

Psi Real Estate Salesperson Exam 1 Final Study Guide 2026 Questions With Answers Graded A+

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48 pages

Written in 2025/2026

Grade A+

alcorbgeneralstore

Psi Real Estate Salesperson Exam 1 Comprehensive Test Paper 2026 Questions With Answers Graded A+

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31 pages

Written in 2025/2026

Grade A+

alcorbgeneralstore

Psi Real Estate Salesperson Exam 1 Certification Review Set 2026 Questions With Answers Graded A+

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13 pages

Written in 2025/2026

Grade A+

alcorbgeneralstore

Psi Real Estate Salesperson Exam 1 Actual Examination 2026 Questions With Answers Graded A+

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29 pages

Written in 2025/2026

Grade A+

alcorbgeneralstore

All of the above - Answer In Virginia, what action is prohibited in an advertisement for real estate? Select one: A. Failing to get a client's written consent to advertise his property B. Failing to identify the type of services offered in a general property description C. Advertising that a property listed by a firm is for sale by owner D. All of the above 7 days - Answer The initial purchaser of a time-share estate has a statutory right to rescind a contract to purchase....

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12 pages

Written in 2025/2026

Grade A+

TestSolver9

An owner selling his house himself goes with a buyer to a Missouri real estate office to ask the broker to prepare their sales contract. In this situation the broker should? — Brokerage relationships - Answer Refused to handle the transaction as there is no broker relationship. (unless the seller is willing to pay commission?) The Missouri Real Estate Commission received a complaint regarding the distribution of a commission between licensees. Which of the following will the Commissio...

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7 pages

Written in 2025/2026

Grade A+

TestSolver9

A licensee was showing property in an eight-unit complex to a prospective tenant using a motorized wheelchair. The tenant wanted to rent a unit, install grab bars in the bathroom, and lower all the door handles. The landlord... - Answer Must allow the tenant to make the modifications at the tenant’s expense, but can require, by the terms of the lease, restoration of the property Which of the following is the best description of a fee simple estate? - Answer The most complete own...

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10 pages

Written in 2025/2026

Grade A+

TestSolver9

straight note - Answer promissory note principal do in one lump sum at the end of the loan term installment note - Answer promissory note with specific principal and interest principle of Leverage - Answer business tool to earn profit like a landlord with rent FICO - Answer most commonly used credit rating system negative amortization - Answer payment is less than interest amount owing increases equity - Answer market value minus amount of exist...

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27 pages

Written in 2025/2026

Grade A+

TestSolver9

Under what condition can confidential info be released? - Answer The party gives consent to the disclosure in writing. The seller makes a counteroffer. The Buyer accepts and decides to reply using "snail mail". When is a valid purchase contract created using the post office? - Answer When the offeree puts the acceptance in the mail. Title insurance is always paid... - Answer By the buyer. The revolving fund is under the management of? - Answer The Oklahoma ...

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17 pages

Written in 2025/2026

Grade A+

TestSolver9

About your licensing exam - Answer Georgia real estate licensing exams are administered by PSI. The exam consists of 2 portions, but the questions are intermixed. -Time limit: 4 hours -National portion: 100 scored questions (may include 5 pretest/unscored questions) -State portion: 52 scored questions (may include 5 pretest/unscored questions) -Minimum scaled passing score: 72 (or 109 questions answered correctly) If you don't pass the exam, you'll receive reapplication instruc...

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14 pages

Written in 2025/2026

Grade A+

TestSolver9

Real Estate brokerage is governed by: - Answer 1. Statutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: - Answer For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant Engage regularly...

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31 pages

Written in 2025/2026

Grade A+

TestSolver9

Requires the seller to provide notice to a purchaser about whether a structure on the land is entitled to support from the underlying coal. - Answer Coal Notice Three conditions that must be met for a mobile home to be considered real estate - Answer 1. Mobile home is transferred in conjunction with and as a part of an assignment of a land lease or the transfer of an interest in land on which the mobile home is situated; or 2. Mobile home is permanently attached to a foundation, ...

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12 pages

Written in 2025/2026

Grade A+

TestSolver9

If an older building cannot be air-conditioned, it is an example of ___________ ? A. Economic obsolescence. B. Functional obsolescence. C. Physical deterioration. D. External deterioration - Answer B. Functional obsolescence. An appraiser MUST be licensed or certified to handle Federally related work on residential property valued at more than ___________? A. $100,000. B. $250,000. C. $500,000. D. $1,000,000. - Answer B. $250,000. The main difference between tenancy...

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20 pages

Written in 2025/2026

Grade A+

TestSolver9