National PSI Broker Exam 2025/2026 | Complete Exam
with 100 Real Questions & 100% Correct Answers
PSI Real Estate Broker Licensing Exam | Key Concepts: Real Estate Law, Brokerage Practices,
Property Management, Contracts, Financing, Appraisals, Ethics, Risk Management, and
Professional Standards | Expert-Verified Q&A | Licensing & Exam-Ready
Introduction
This updated 2025/2026 National PSI Broker Exam resource contains 100 fully verified real
exam questions with 100% correct answers, designed to reflect the PSI Real Estate Broker
Licensing Exam’s focus. Content covers Real Estate Law (20%, 20 questions), Brokerage
Practices (15%, 15 questions), Property Management (10%, 10 questions), Contracts (15%, 15
questions), Financing (15%, 15 questions), Appraisals (10%, 10 questions), Ethics (10%, 10
questions), and Risk Management/Professional Standards (5%, 5 questions). All answers are
graded A+ and include rationales to reinforce real estate principles, ethical practices, and exam
readiness.
Answer Format
Correct answers are highlighted in bold and green, with rationales explaining real estate
principles, safe and effective practices, and critical thinking skills for exam success.
National PSI Broker Exam Testbank Questions (1–100)
Real Estate Law (20 questions)
1. What is the primary purpose of the Real Estate Settlement Procedures
Act (RESPA)?
a) Regulate property taxes
b) Ensure transparency in settlement costs
c) Control property appraisals
d) Mandate property disclosures
b) Ensure transparency in settlement costs
Rationale: RESPA requires lenders to provide borrowers with clear information about
settlement costs to prevent hidden fees.
2. Under the Fair Housing Act, which is a protected class?
a) Occupation
b) Religion
c) Education level
d) Political affiliation
b) Religion
,Rationale: The Fair Housing Act protects against discrimination based on race, color, religion,
sex, national origin, familial status, and disability.
3. What is required under the Truth in Lending Act (TILA)?
a) Property inspection reports
b) Disclosure of loan terms and costs
c) Mandatory escrow accounts
d) Title insurance
b) Disclosure of loan terms and costs
Rationale: TILA ensures borrowers receive clear information about loan terms, including
interest rates and fees.
4. What does the term "adverse possession" mean?
a) Ownership transfer via sale
b) Acquiring property through continuous use
c) Leasing property long-term
d) Foreclosing on a property
b) Acquiring property through continuous use
Rationale: Adverse possession allows a person to claim property after occupying it openly and
continuously for a statutory period.
5. What is a key requirement of the Americans with Disabilities Act (ADA)
in real estate?
a) Limit accessibility modifications
b) Ensure accessibility in public buildings
c) Restrict property sales
d) Ignore tenant requests
b) Ensure accessibility in public buildings
Rationale: The ADA mandates accessibility features like ramps in public and commercial
properties.
6. What is the purpose of a deed restriction?
a) Increase property taxes
b) Limit property use
c) Mandate property sales
d) Control loan terms
b) Limit property use
Rationale: Deed restrictions impose limits on how a property can be used, such as prohibiting
commercial activity in a residential area.
7. What is a lien in real estate?
a) A type of property lease
b) A legal claim against property for debt
c) A property appraisal method
d) A zoning regulation
b) A legal claim against property for debt
, Rationale: A lien secures a debt by allowing the creditor to claim the property if the debt is
unpaid.
8. What does the term "eminent domain" refer to?
a) Private property sale
b) Government seizure of property for public use
c) Property leasing
d) Tax exemption
b) Government seizure of property for public use
Rationale: Eminent domain allows the government to take private property for public use with
compensation.
9. What is a key requirement of the Lead-Based Paint Hazard Reduction
Act?
a) Ignore lead disclosures
b) Disclose lead-based paint hazards
c) Mandate property taxes
d) Control property appraisals
b) Disclose lead-based paint hazards
Rationale: The Act requires disclosure of lead-based paint hazards in homes built before 1978.
10. What is the purpose of a title search?
a) Determine property value
b) Verify clear property ownership
c) Set property taxes
d) Establish zoning laws
b) Verify clear property ownership
Rationale: A title search ensures no liens or claims exist against the property.
11. What is a mechanic’s lien?
a) A lease agreement
b) A claim for unpaid construction work
c) A property tax exemption
d) A zoning permit
b) A claim for unpaid construction work
Rationale: A mechanic’s lien secures payment for contractors or suppliers for work done on a
property.
12. What is the role of an escrow agent under real estate law?
a) Appraise property
b) Hold funds and documents
c) Set interest rates
d) Conduct inspections
b) Hold funds and documents
Rationale: An escrow agent neutrally holds funds and documents until transaction conditions
are met.
with 100 Real Questions & 100% Correct Answers
PSI Real Estate Broker Licensing Exam | Key Concepts: Real Estate Law, Brokerage Practices,
Property Management, Contracts, Financing, Appraisals, Ethics, Risk Management, and
Professional Standards | Expert-Verified Q&A | Licensing & Exam-Ready
Introduction
This updated 2025/2026 National PSI Broker Exam resource contains 100 fully verified real
exam questions with 100% correct answers, designed to reflect the PSI Real Estate Broker
Licensing Exam’s focus. Content covers Real Estate Law (20%, 20 questions), Brokerage
Practices (15%, 15 questions), Property Management (10%, 10 questions), Contracts (15%, 15
questions), Financing (15%, 15 questions), Appraisals (10%, 10 questions), Ethics (10%, 10
questions), and Risk Management/Professional Standards (5%, 5 questions). All answers are
graded A+ and include rationales to reinforce real estate principles, ethical practices, and exam
readiness.
Answer Format
Correct answers are highlighted in bold and green, with rationales explaining real estate
principles, safe and effective practices, and critical thinking skills for exam success.
National PSI Broker Exam Testbank Questions (1–100)
Real Estate Law (20 questions)
1. What is the primary purpose of the Real Estate Settlement Procedures
Act (RESPA)?
a) Regulate property taxes
b) Ensure transparency in settlement costs
c) Control property appraisals
d) Mandate property disclosures
b) Ensure transparency in settlement costs
Rationale: RESPA requires lenders to provide borrowers with clear information about
settlement costs to prevent hidden fees.
2. Under the Fair Housing Act, which is a protected class?
a) Occupation
b) Religion
c) Education level
d) Political affiliation
b) Religion
,Rationale: The Fair Housing Act protects against discrimination based on race, color, religion,
sex, national origin, familial status, and disability.
3. What is required under the Truth in Lending Act (TILA)?
a) Property inspection reports
b) Disclosure of loan terms and costs
c) Mandatory escrow accounts
d) Title insurance
b) Disclosure of loan terms and costs
Rationale: TILA ensures borrowers receive clear information about loan terms, including
interest rates and fees.
4. What does the term "adverse possession" mean?
a) Ownership transfer via sale
b) Acquiring property through continuous use
c) Leasing property long-term
d) Foreclosing on a property
b) Acquiring property through continuous use
Rationale: Adverse possession allows a person to claim property after occupying it openly and
continuously for a statutory period.
5. What is a key requirement of the Americans with Disabilities Act (ADA)
in real estate?
a) Limit accessibility modifications
b) Ensure accessibility in public buildings
c) Restrict property sales
d) Ignore tenant requests
b) Ensure accessibility in public buildings
Rationale: The ADA mandates accessibility features like ramps in public and commercial
properties.
6. What is the purpose of a deed restriction?
a) Increase property taxes
b) Limit property use
c) Mandate property sales
d) Control loan terms
b) Limit property use
Rationale: Deed restrictions impose limits on how a property can be used, such as prohibiting
commercial activity in a residential area.
7. What is a lien in real estate?
a) A type of property lease
b) A legal claim against property for debt
c) A property appraisal method
d) A zoning regulation
b) A legal claim against property for debt
, Rationale: A lien secures a debt by allowing the creditor to claim the property if the debt is
unpaid.
8. What does the term "eminent domain" refer to?
a) Private property sale
b) Government seizure of property for public use
c) Property leasing
d) Tax exemption
b) Government seizure of property for public use
Rationale: Eminent domain allows the government to take private property for public use with
compensation.
9. What is a key requirement of the Lead-Based Paint Hazard Reduction
Act?
a) Ignore lead disclosures
b) Disclose lead-based paint hazards
c) Mandate property taxes
d) Control property appraisals
b) Disclose lead-based paint hazards
Rationale: The Act requires disclosure of lead-based paint hazards in homes built before 1978.
10. What is the purpose of a title search?
a) Determine property value
b) Verify clear property ownership
c) Set property taxes
d) Establish zoning laws
b) Verify clear property ownership
Rationale: A title search ensures no liens or claims exist against the property.
11. What is a mechanic’s lien?
a) A lease agreement
b) A claim for unpaid construction work
c) A property tax exemption
d) A zoning permit
b) A claim for unpaid construction work
Rationale: A mechanic’s lien secures payment for contractors or suppliers for work done on a
property.
12. What is the role of an escrow agent under real estate law?
a) Appraise property
b) Hold funds and documents
c) Set interest rates
d) Conduct inspections
b) Hold funds and documents
Rationale: An escrow agent neutrally holds funds and documents until transaction conditions
are met.
