Take a 25 question PSI real estate practice exam with our head instructor, Robert Rico. Robert explains the answers to each question and ways you can learn them easier.
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The real estate exam administered by PSI will test you on a variety of categories in real estate. This video will give you taste test of what to expect. These questions are pulled from our database of questions, which you can get access to. All you have to do is click the link above and join the program.
Chapters:
0:00 How to use this real estate practice exam
0:13 Which method is most commonly used by real estate licensees and brokers?
1:20 What is the best way to describe a fee simple estate?
2:16 The right to possess, use, transfer, enjoy, and dispose of something describes:
3:22 Which of the following describes the government taking private property?
5:05 What would be used to transfer the title of personal property?
7:27 What is the seller's total cost for the sale of her property?
9:26 How do you calculate a cap rate?
11:14 What would the new tax basis be for Josh for tax purposes?
12:24 The listing type gives the broker the option to buy a listing property.
14:08 What causes the los of value when referring to real property?
15:40 What is the acreage in the parcel E 1/2 of the S 1/4 of the SW 1/4 of section 5?
18:02 What type of depreciation is this?
19:31 What is the first thing that should be determined when determining value?
20:40 What is an investor's best protection against inflation?
21:19 How does accretion result in acquisition of title.
22:14 Joint tenant can dispose of interest in real property by all of the following except:
23:56 What can the licensee do when filling in a purchase agreement?
24:52 The recording of an instrument gives:
25:39 How could the state acquire title?
26:32 What happens to the property value in this instance:
27:43 What is the name of the document written to provide information on a title search?
28:25 What is the most challenging type of depreciation to remedy?
29:43 Which is not an example of economic obsolescence?
31:26 Is this address acceptable?
32:36 How can you compare the economic life to the physical life of an improvement?
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