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Real estate practice exam
Your real estate empire starts here. Practice for you real estate test using the same kind of questions you’ll be answering on the actual written examination.
Real estate practice exam
We have worked our tail off to bring you the most comprehensive real estate exam prep material.
The real estate practice exam is identical to the real estate exam you will face in the coming weeks.
We invite you to review very carefully all the real estate practice exam questions here and that will give you a good idea on how close you are to passing your real estate exam.
What content is on the real estate exam?
I’m assuming by the time you are reading this, you have already taken your real estate licensure courses so you should have an overall glimpse of what topics you will find on your real estate exam.
So once you are qualified to take the real estate exam it’s time to hammer home what you will find on the test.
Now, you can go to any State’s real estate exam commission and they will have an “official” breakdown of what % of the exam is each topic.
Here at Real Estate Exam Ninja, we don’t want vague, we want to nail this baby down to a 3% margin of error so we know exactly what to study and how much time to dedicate to each section.
To accomplish this, we survey all of our students after they pass their real estate exam so we know not only what is on the exam but we also know how much of each section is on the exam.
Here is our latest breakdown as of 2021
- Real Property
- Dual Agency
- Freehold Estate
- Real Estate Ownership
- Property Descriptions
- Easements
- Encumbrances
- Contingencies
- Local, State, and other Government Restrictions
- Real Property Liens
- Agency Relationships
- Real Estate Brokerage
- Buyer and Listing Agency Agreements
- Contract Law
- Bundle Of Rights
- Transfer of Property Title
- Financing Principles
- Real Estate Puffing
- Property Management
- Real Estate Vocabulary
To accomplish this, we survey all of our students after they pass their real estate exam so we know not only what is on the exam but we also know how much of each section is on the exam.
How Many Questions Are on the Real Estate Exam?
There will be approximately 80 questions on the national portion of the real estate exam. In almost all States, you will need to answer 56 questions (70%) to pass.
State License instructions
State Specific Exam Information
Exam Provider
State Authority
Practice Exam
Montana
AMP
Alabama Real Estate Commission
-
Nebraska
AMP
Alabama Real Estate Commission
-
nevada
AMP
Alabama Real Estate Commission
-
New Hampshire
AMP
Alabama Real Estate Commission
-
New Mexico
AMP
Alabama Real Estate Commission
-
Study Resources For The Real Estate Exam
When we put this guide together, our goal was not to sell you our real estate exam study guide, it was to aggregate enough resources that you can study for free. However, if you are one of those people who prefer convenience, you can sign up below.
Below we have aggregated a list of free study resources in hopes that you can pass your real estate exam on your first try (although that is not the norm). If you know of a free resource that we can add to this list, please e-mail us and let us know.
Nelnet Solutions provides a free 300 page real estate practice PDF that can be accessed here. We have reviewed the material and found it to be slightly better than average content that will help you study for your real estate exam.
Quizlet is a flashcard website that has many real estate practice exam questions that are 100% free. This link is one of our favorites and we can vouch for the material.
Dummies.com has a small guide which they call a “cheat sheet”. It is basically some terminology that you will 100% see on the real estate exam.
Pearson Vue Practice Exam – This one is not free on the link I am providing but if you search the internet you can find it. For legal purposes, I can not provide a link. We really think this content is fantastic.
PSI Real Estate Practice Exam – Once again, this one is not free but if you know how to search google you can find it really easy.
Tests.com has a practice test with 41 questions that you can use to practice as well. We don’t like the exam material in this one as much but it can still be fantastic review and practice for your real estate test.
Questions That Are On Every Real Estate Exam Estate Exam
As you guys know, the real estate exam is broken up into a national section and a state section. The real estate exam practice exam questions below are for the national portion. For the state portion, do not trust ANY real estate exam prep website as these questions change all the time due to State laws.
What are the four kinds of real estate ownership?
Tenancy In Severalty
Tenancy In Common
Joint Tenancy
Tenancy by the Entirety
What are the 6 Fiduciary Duties of a Real Estate Agent?
Accounting
Care
Confidentiality
Disclosure
Loyalty
Obedience
The primary purpose of Truth in Lending is to:
Truth in Lending (otherwise known as Regulation Z) is intended to do away with deceptive financing tactics.
What is the difference between a Grantor and A Grantee?
The grantor gives, sells, or transfers the property to the grantee. The grantee receives the property.
What is the difference between a Mortgagor and a Mortgagee?
The mortgagor is the borrower. The mortgagee is the lender. The borrower gives a mortgage to the lender. The lender gives money to the borrower.
The above 5 questions are a sample of what you will see on your real estate exam. We interview over 500 test-takers per year so our company has a much better knowledge of what questions you will find on your real estate exam. Keep this in mind when you are practicing!
Real Estate Exam Content
If you’ve made it this far, you are obviously very interested in what is exactly on the real estate exam so we are pumped to keep helping you!
Our practice exams (like the one above) are not just random questions and answers. We have broken it down into the percentages like you will find on your actual real estate exam.
PROPERTY OWNERSHIP AND LAND USE CONTROLS AND REGULATIONS
(15% OF EXAM)
Classes of Property
Property Characteristics
Encumbrances
Types of Ownership
Descriptions of Property
Government Rights in Land
Public Controls
Environmental Hazards and Regulations
Private Controls
Water Rights
Special Categories of Land
LAWS OF AGENCY AND FIDUCIARY DUTIES
(17% OF EXAM)
Law, Definition and Nature of Agency Relationships, Types of Agencies, and Agents
Creation of Agency and Agency Agreements
Responsibilities of Agent to Seller/Buyer as Principal
Disclosure of Agency
Disclosure of Acting as Principal or Other Interest
Termination of Agency
Commission and Fees
Responsibilities of Agent to Non-Client Third Parties
PROPERTY VALUATION AND FINANCIAL ANALYSIS
(APPROXIMATELY 14% OF EXAM)
Value
Methods of Estimating Value
Financial Analysis
FINANCING
(APPROXIMATELY 9% OF EXAM)
General Concepts
Types of Loans
Sources of Financing
Government Programs
Mortgages/Deeds of Trust/Notes
Financing/Credit Laws
Loan Brokerage
Types of Loan Originators
TRANSFER OF PROPERTY
(8% OF EXAM)
Title Insurance
Deeds
Escrow
Tax Aspects
Special Processes
Transfer through Court Supervision
Types of Vesting
PRACTICE OF REAL ESTATE AND DISCLOSURES
(25% OF EXAM)
Trust Account Management
Fair Housing
Truth in Advertising
Record Keeping
Agency Supervision
Permitted Activities of Unlicensed Sales Assistants
Licensing, and Continuing Education Requirements and Procedures
General Ethics
Technology
Property Management
Commercial/Industrial/Income Properties
Specialty Areas
Transfer Disclosure Statement
Natural Hazard Disclosure Statements
Disclosure of Material Facts Affecting Property Value
Need for Inspection and Obtaining/Verifying Information
Reports
Servicing Diverse Populations
CONTRACTS (APPROXIMATELY 12% OF EXAM)
General
Listing Agreements
Buyer Broker Agreements
Offers/Purchase Contracts
Agreements
Promissory Notes/Securities
Purchase/Lease Options
Advanced Fee
Where To Sign Up For The Real Estate Exam
Although this is State dependent, there are three main providers of the national real estate exam where our practice tests are focused. New York provides it’s own national exam so you will need to contact them directly after you have your qualifying education.
Real Estate License State Resources
Real Estate Exam & Application Fees
Frequently Asked Questions
How Do I Study For The Real Estate Exam
The real estate exam is no different than any other exam you have taken in your life. Let’s not over complicate things. You need to learn the material in your class. It’s that simple. Now the advantage we have is we know the percentage breakdown of topics so you can study smarter and not spend 80% of your time on a section that is worth 5% of the test score. Let’s work smarter and not harder.
Is The Real Estate Licensing Exam Multiple Choice
Yes. Every State’s exam is multiple choice. They have been discussing moving a portion of the national exam to fill in the blank so we do expect the exam to get harder in the future.
How Long Should I Study For The Real Estate Exam
This is a loaded question (and rightfully so) as it depends on the person, their background and level of intellect. Some of our students studied over 20 hours and did not pass while others indicated that they put in less than 3 hours. With our program, you will pass after you can complete all the modules. The average length of time needed is 1 hour per day for 20 days.
Is A Real Estate License Worth Getting?
What are your goals? Surprisingly, the answer is often “No”. We have hundreds of emails every year asking us this question. If your goal is just to learn about real estate, you can do that for free on Google and YouTube. We only recommend getting your real estate license if your goal is to sell real estate.