Retake Recovery Practice Set Preview

Use the diagnostic categories on your PSI score report to choose the first weak portion, then narrow by official area. A retake set should repair the reason for each miss rather than replay the same mixed mock. Answer this 4-question public preview here, then continue the complete experience in Pass Georgia.

Facts checked against the current PSI Candidate Information Bulletin and GREC sources.

Choose a topic from your study plan

Mixed recovery Contracts Agency Practice of Real Estate Property Ownership Financing Valuation Calculations Disclosures Transfer of Title Land Use Property Management State Laws and Rules Real Estate Practice in Georgia Finance and Closing

Add the error pattern from your review notes

Missing rule Georgia distinction Wording or distractor Math setup

4-question public previewNo sign-upExplanations and repair links

1 / 4Study mode: Financing

A buyer purchases a $225,000 home with a $180,000 loan. What does one discount point cost?

Filled circles are answered. A dot means marked for review. Choose a number to return and change an answer.

34% of the real exam is Georgia law. 52 of 152 questions.

Read, reason, review

All 4 questions and explanations

Studying instead of taking a test? Open any question to read its choices, the answer, and the reason each option is right or wrong. The numbering matches the public set above.

For a useful score, finish the test above before opening these answers. These are original practice questions based on published topics and sources.

1. A buyer purchases a $225,000 home with a $180,000 loan. What does one discount point cost?Financing. Open choices and explanation.

A.$180
B.$18,000
C.$2,250
D.$1,800

Answer D: $1,800

A discount point is 1 percent of the loan amount, paid at closing to lower the interest rate. The price is a distractor: 1 percent of the $180,000 loan is $1,800.

Why each choice works or fails

A. $180 treats a point as 0.1 percent of the loan.
B. $18,000 treats a point as 10 percent.
C. $2,250 is 1 percent of the price, not the loan.
D. Correct. 1% of the $180,000 loan is $1,800.

Work it through

One point = 1% of the loan
$180,000 x 0.01 = $1,800

Rule to remember: A point is 1% of the loan, never 1% of the price.

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2. Which loan type is insured by the federal government to protect the lender against borrower default?Financing. Open choices and explanation.

A.FHA
B.Conventional with PMI
C.VA
D.Fannie Mae conforming

Answer A: FHA

FHA, part of HUD, insures the lender against loss if the borrower defaults. VA guarantees part of the loan instead, PMI is private insurance rather than federal, and Fannie Mae buys loans on the secondary market without insuring them.

Why each choice works or fails

A. FHA insures the loan against borrower default.
B. PMI insures the lender, but it is private, not federal.
C. VA guarantees part of the loan rather than insuring it.
D. Fannie Mae buys conforming loans; it does not insure them.

Rule to remember: FHA insures, VA guarantees, conventional does neither.

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3. A buyer purchases a home for $250,000, which is also its appraised value, with $50,000 down. What is the loan-to-value ratio?Financing. Open choices and explanation.

A.20%
B.25%
C.80%
D.125%

Answer C: 80%

First find the loan: $250,000 price minus $50,000 down is $200,000. Then divide loan by value: $200,000 / $250,000 = 80 percent.

Why each choice works or fails

A. 20% is the down payment divided by the price, the buyer's equity share.
B. 25% divides the down payment by the loan amount.
C. Correct. $200,000 / $250,000 = 80%.
D. 125% inverts the ratio, dividing value by loan.

Work it through

$250,000 - $50,000 = $200,000 loan
$200,000 / $250,000 = 0.80, so 80%

Rule to remember: LTV is the loan amount divided by the property value.

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4. An ARM starts at 4 percent with a 2 percentage point periodic cap and a 6 percentage point lifetime cap. At the first adjustment, the rate can rise no higher than:Financing. Open choices and explanation.

A.4 percent
B.6 percent
C.10 percent
D.12 percent

Answer B: 6 percent

The periodic cap limits any single adjustment, so the first change cannot exceed 2 percentage points: 4 plus 2 gives 6 percent. The lifetime cap sets the ceiling across the whole loan, here 4 plus 6, or 10 percent, which cannot be reached in one step.

Why each choice works or fails

A. 4 percent assumes the rate cannot change at the first adjustment.
B. The 2 point periodic cap allows 4 plus 2, or 6 percent.
C. 10 percent is the lifetime ceiling, not the limit on one step.
D. 12 percent adds both caps to the start rate.

Rule to remember: The periodic cap limits each adjustment; the lifetime cap limits the total rise over the loan.

Read the topic outline Study the related lesson Back to question index

What does this assessment cover?

PSI says a failing score report includes diagnostic strengths and weaknesses by examination type. Translate that evidence into the closest published area, then gather a larger fresh sample before the next attempt.

Question coverage in this assessment
Official content area	Published weight	Questions here	Complete lesson
Financing	10% of the national portion	4	Study Financing

The Georgia-specific distinction

Keep the national and Georgia subtotals separate. If Georgia is weak, split the work again into Laws and Rules, Georgia Practice, and Finance and Closing rather than reading one general state summary.

Worked result example

If the report points to Georgia and review notes show national-instinct errors, build a Georgia-only set, read the Georgia distinction after each item, and follow with a fresh 52-question simulation.

Common exam traps

Retaking a full practice exam before repairing anything.
Studying only the lowest raw score without considering sample size.
Memorizing questions from the failed attempt.
Booking again because the average improved while one group stayed weak.

Ready to move on?

Score the set before opening notes.
Explain the winning rule without repeating the answer choice.
Classify every miss as knowledge, distinction, wording, math setup, or timing.
Repair the weakest official area, then answer a fresh set on another day.
Move on only when the result is stable and guesses are being marked as gaps.

Recommended next lesson

Use the complete retake recovery plan. Use the result above to choose the first lesson or drill rather than following a generic order.

Assessment integrity

The questions are original and mapped to the current PSI outline. This preview introduces the assessment; the complete version is in Pass Georgia. PSI says practice exams help candidates become familiar with general question types, but they do not replace education and a good practice score does not guarantee an examination outcome. This page reports evidence, not a pass probability.

About this practice set

Facts checked against the current PSI Candidate Information Bulletin and GREC sources.

Are these actual PSI exam questions?

No. Every item is original, written from the current published outline and primary sources. No question is copied, recalled, reconstructed, or represented as a live PSI item.

Does this score predict whether I will pass?

No. One practice result is evidence about this question sample. Use the area breakdown, review guesses as well as misses, and confirm improvement with fresh questions on another day.

What should I do after the result?

Open the explanation for every miss and guess, restate the rule, use the linked repair lesson, then continue with the next lesson: Use the complete retake recovery plan.

Is the assessment free?

Yes. This 4-question preview has no email gate, account requirement, or card. The complete assessment, saved mastery, spaced review, and adaptive recommendations are in Pass Georgia.