1
PSI REAL ESTATE SALESPERSON EXAM 2025
ACTUAL EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
ALL ANSWERED / ALREADY GRADED A+ |
GUARANTEED PASS
"A licensee is listing a property in a known flood plain. The seller
flatly denies that the structure and the property have ever been
flooded. What is the licensee required to do in this situation?
1. Rely on the face value of seller's statement.
2. Inform the seller of potential legal consequences if this claim is
untrue.
3. Inform the seller of the legal obligation to disclose facts
regarding flood plains.
4. Refuse to list the property and explain to the seller that all
properties in this area flood. - CORRECT ANSWER Inform the
seller of the legal obligation to disclose facts regarding flood
plains."
"A deed restriction is applicable to the activities of
1. the current owner only.
2. all owners, present and future.
3. tenants.
4. mortgagors. - CORRECT ANSWER all owners, present and
future."
1|Page
,2
"Which restrictive covenant would be considered illegal?
1. A covenant that is more restrictive than local zoning ordinances.
2. A restriction that is time-limited and expires after a stated
period.
3. A covenant that restricts the type of building that may be
constructed.
4. A covenant that restricts selected parcels within a defined
subdivision. - CORRECT ANSWER A covenant that restricts
selected parcels within a defined subdivision."
"A broker has signed a listing contract for the sale of a home.
Which of the following could make this contract voidable?
1. The seller cannot write and sign with an "X".
2. The listing contract specifies that no other broker may show the
house.
3. The seller is heavily under the influence of alcohol at the time
of signing.
4. The listing contract specifies that a commission will be paid only
if the house is sold within 3 weeks. - CORRECT ANSWER The seller
is heavily under the influence of alcohol at the time of signing."
"If an older building cannot be air-conditioned, it is an example of
1. economic obsolescence.
2. functional obsolescence.
3. physical deterioration.
4. external deterioration. - CORRECT ANSWER functional
obsolescence."
2|Page
, 3
"A competitive market analysis takes into consideration
1. square footage of the subject property.
2. neighborhood nuisances.
3. unemployment levels in the community.
4. age of the sellers. - CORRECT ANSWER square footage of the
subject property."
"In MOST states, foreclosed property is sold through
1. sealed bids.
2. public auction.
3. deficiency judgment.
4. right of redemption. - CORRECT ANSWER public auction."
"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?
1. Deed amendment.
2. Approval of surrounding property owners.
3. Inclusionary zoning.
4. Conditional use permit or zoning variance. - CORRECT ANSWER
Conditional use permit or zoning variance."
"Earnest money should be deposited into a trust account
1. in a timely manner, according to state laws.
2. upon removal of all contingencies.
3. at the broker's discretion.
3|Page
PSI REAL ESTATE SALESPERSON EXAM 2025
ACTUAL EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
ALL ANSWERED / ALREADY GRADED A+ |
GUARANTEED PASS
"A licensee is listing a property in a known flood plain. The seller
flatly denies that the structure and the property have ever been
flooded. What is the licensee required to do in this situation?
1. Rely on the face value of seller's statement.
2. Inform the seller of potential legal consequences if this claim is
untrue.
3. Inform the seller of the legal obligation to disclose facts
regarding flood plains.
4. Refuse to list the property and explain to the seller that all
properties in this area flood. - CORRECT ANSWER Inform the
seller of the legal obligation to disclose facts regarding flood
plains."
"A deed restriction is applicable to the activities of
1. the current owner only.
2. all owners, present and future.
3. tenants.
4. mortgagors. - CORRECT ANSWER all owners, present and
future."
1|Page
,2
"Which restrictive covenant would be considered illegal?
1. A covenant that is more restrictive than local zoning ordinances.
2. A restriction that is time-limited and expires after a stated
period.
3. A covenant that restricts the type of building that may be
constructed.
4. A covenant that restricts selected parcels within a defined
subdivision. - CORRECT ANSWER A covenant that restricts
selected parcels within a defined subdivision."
"A broker has signed a listing contract for the sale of a home.
Which of the following could make this contract voidable?
1. The seller cannot write and sign with an "X".
2. The listing contract specifies that no other broker may show the
house.
3. The seller is heavily under the influence of alcohol at the time
of signing.
4. The listing contract specifies that a commission will be paid only
if the house is sold within 3 weeks. - CORRECT ANSWER The seller
is heavily under the influence of alcohol at the time of signing."
"If an older building cannot be air-conditioned, it is an example of
1. economic obsolescence.
2. functional obsolescence.
3. physical deterioration.
4. external deterioration. - CORRECT ANSWER functional
obsolescence."
2|Page
, 3
"A competitive market analysis takes into consideration
1. square footage of the subject property.
2. neighborhood nuisances.
3. unemployment levels in the community.
4. age of the sellers. - CORRECT ANSWER square footage of the
subject property."
"In MOST states, foreclosed property is sold through
1. sealed bids.
2. public auction.
3. deficiency judgment.
4. right of redemption. - CORRECT ANSWER public auction."
"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?
1. Deed amendment.
2. Approval of surrounding property owners.
3. Inclusionary zoning.
4. Conditional use permit or zoning variance. - CORRECT ANSWER
Conditional use permit or zoning variance."
"Earnest money should be deposited into a trust account
1. in a timely manner, according to state laws.
2. upon removal of all contingencies.
3. at the broker's discretion.
3|Page
