PSI Real Estate Exam (25 Practice Questions)

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.

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?

#realestateexam #psirealestateexam #pearsonvuerealestateexam

[beentertained]

I had passed the exam about 30 years ago. I was in my 20's and simply enjoyed the Real Estate environment back then. FF to getting a regular (steady income) job since 2003. 20 years later I am looking for work again. Life happens and unfortunately I let my license lapse, so here I am getting ready to take the exam again. I love your videos. It really helps me grasp things. Everyone learns differently and every little bit helps. Thank you!

[NinnaMoon]

I passed my tests!!! Listen!!! You have been the greatest teacher! I absolutely loved every video you were in. Your way of teaching works perfectly for how I learn. You also have this very warm, inviting and FAMILIAR personality in these videos. Very encouraging thank you so very much for helping me in VA!

[toniphoenix]

Finally!!!! Someone who actually post PSI test questions. I’ve taken the Georgia test twice and failed by 1 point each time 😫😫😫😫

[joyspencer-ahlstrom]

I love these videos this man is so amazing.

[jazzyjaz]

I am truly enjoying all of your videos -

[hemimmigrationconsultant]

Today, I passed my California Real Estate Exam by watching your videos and reviewing my notes from the Class. Thank you God Bless You

[trafficjamradio]

i jus got it...omg he's the best nice and slow broke it down.

[lizmodupe]

Thank you, I appriciate your teaching.. I'm confuse about question #17, how is it "all the above"? Since a licensee are not allowed to give legal advice.

[mikekaram]

What can I say Robert! I stumbled on your videos by accident. I’ve watched all of them and learned and understood concepts that were not easy. I enrolled in your course but didn’t know you also had an app. It takes a very talented person to explain concepts that are foreign and makes the listener understand watching it one time.
Thank you

[durtyd]

Gonna go for my Hawaii liscense. After I try and convince the board my misdemeanor trespass charge 10 years ago was just a drunk kid after a bar night wandering into the wrong property in an unfamiliar area.

[gezelhoss]

You are awesome please keep going thank you ❤

[mzxpsmm]

Can you do Illinois STATE PORTION QUESTIONS?

[talkswithty]

lol I love your energy off the rip. Thanks for this video.. 👍🏽

[akeishaharris]

I just took it and missed by 6 points.

[christinepridgen]

I GO TO TAKE MINES IN MD ON MARCH 24TH SECOND TRY

[soniacepeda]

I just took the National test and fail for the second time 😭😭😭 Help