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.

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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: Valuation and Market Analysis

Which approach to value is MOST appropriate for a resale single-family home in an established subdivision with many recent sales?

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. Which approach to value is MOST appropriate for a resale single-family home in an established subdivision with many recent sales?Valuation and Market Analysis. Open choices and explanation.

A.Cost approach
B.Income approach
C.Sales comparison approach
D.Gross rent multiplier

Answer C: Sales comparison approach

Sales comparison relies on recent sales of similar nearby homes, which an active subdivision supplies. The cost approach suits new or special-purpose buildings, and the income approach suits rental property.

Why each choice works or fails

A. Cost suits new or special-purpose buildings.
B. Income suits property bought for its rental income.
C. An active subdivision supplies many recent comparable sales.
D. GRM is an income technique, not the primary approach for a home.

Rule to remember: Houses use sales comparison. Income property uses income. Unique buildings use cost.

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

2. A comparable sold for $310,000 and has an extra bathroom worth $8,000 that the subject lacks. The adjusted value of the comparable is:Valuation and Market Analysis. Open choices and explanation.

A.$318,000
B.$302,000
C.$310,000
D.$294,000

Answer B: $302,000

Adjust the comparable, never the subject. The comparable has a feature the subject lacks, so subtract its value: $310,000 - $8,000 = $302,000.

Why each choice works or fails

A. Adding rewards the comparable for a feature the subject lacks.
B. $310,000 - $8,000 = $302,000.
C. Leaving it unadjusted ignores a known difference.
D. $294,000 subtracts the $8,000 twice.

Work it through

Comparable is better by $8,000
$310,000 - $8,000 = $302,000

Rule to remember: Adjust the comparable. Better comparable means subtract.

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

3. A property has $72,000 in gross income and $48,000 in net operating income. It sells for $600,000. What is the capitalization rate?Valuation and Market Analysis. Open choices and explanation.

A.8%
B.12%
C.12.5%
D.80%

Answer A: 8%

Cap rate is net operating income divided by value: $48,000 / $600,000 = 0.08, or 8 percent. Gross income is a distractor, because operating expenses must come out before capitalizing.

Why each choice works or fails

A. Correct. $48,000 / $600,000 = 8%.
B. 12% uses gross income instead of NOI.
C. 12.5 is the inverse ratio, value divided by NOI.
D. 80% misplaces the decimal.

Work it through

$48,000 / $600,000 = 0.08
0.08 = 8%

Rule to remember: Cap rate is NOI divided by value.

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

4. Market value assumes a transaction in which the buyer and seller are:Valuation and Market Analysis. Open choices and explanation.

A.Under pressure to complete the sale quickly
B.Related parties settling a private family arrangement
C.Using special seller financing below market rates
D.Typically motivated, informed, and acting freely

Answer D: Typically motivated, informed, and acting freely

Market value describes a hypothetical arm's length sale: both parties informed, neither under duress, with the property exposed to the market for a reasonable time. Take away any of those and what you observe is a price, not market value.

Why each choice works or fails

A. Duress produces a distressed price rather than market value.
B. A family arrangement is not an arm's length sale.
C. Market value assumes cash or equivalent terms; special financing distorts price.
D. Correct. Informed, unpressured parties dealing at arm's length.

Rule to remember: Market value assumes an arm's-length sale between informed, typically motivated parties under no duress.

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
Valuation and Market Analysis	8% of the national portion	4	Study Valuation

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.