HOME > REAL ESTATE PRACTICE EXAM
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.
Quiz Summary
0 of 20 questions completed
Questions:
Information
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
Results
Results
0 of 20 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Categories
- Not categorized 0%
-
test this area
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- Current
- Review / Skip
- Correct
- Incorrect
-
Question 1 of 20
1. Question
One of the main benefits of a sale-leaseback transaction would be:
CorrectIncorrect -
Question 2 of 20
2. Question
None of the following would automatically terminate an offer to buy real property except:
CorrectIncorrect -
Question 3 of 20
3. Question
In a listing, which clause will allow a broker to collect a commission for a specified period of time after the term of the Listing has expired?
CorrectIncorrect -
Question 4 of 20
4. Question
The duration of a listing agreement is:
CorrectIncorrect -
Question 5 of 20
5. Question
Which of the following is an acceptable termination date for an enforceable exclusive listing of residential real property:
CorrectIncorrect -
Question 6 of 20
6. Question
Which of the following is created when possession and title do not occur at the same time?
CorrectIncorrect -
Question 7 of 20
7. Question
Which of the following best describes an “option”?
CorrectIncorrect -
Question 8 of 20
8. Question
A safety clause is found in a:
CorrectIncorrect -
Question 9 of 20
9. Question
If a person obtains a contract through duress, that contract is:
CorrectIncorrect -
Question 10 of 20
10. Question
All of the following are essentials of each and every contract, except:
CorrectIncorrect -
Question 11 of 20
11. Question
The law that requires real estate contracts to be in writing to be enforceable is the:
CorrectIncorrect -
Question 12 of 20
12. Question
A property owner lists his property for sale with a broker. During the negotiations, the owner told the broker that the owner wanted $138,000 for the property, and anything above that amount the broker could keep as his commission. The listing with this type of provision is known as the:
CorrectIncorrect -
Question 13 of 20
13. Question
To assign a contract for the sale of real estate means to:
CorrectIncorrect -
Question 14 of 20
14. Question
Undue influence or duress applied to one party to a contract makes the contract:
CorrectIncorrect -
Question 15 of 20
15. Question
Albert is a tenant and agrees to perform certain repairs for Bob who is the owner. Despite repeated promises, Albert fails to perform the repairs. Bob then writes up a contract, and compels Albert to sign it by threatening to evict him if he does not. Such a contract would be:
CorrectIncorrect -
Question 16 of 20
16. Question
The buyer of a home was not informed that the house was on a septic tank system. The buyer has the right to:
CorrectIncorrect -
Question 17 of 20
17. Question
In which of the following contracts does one of the parties agree not to revoke an offer for a certain period of time:
CorrectIncorrect -
Question 18 of 20
18. Question
A listing agreement is essentially a/an:
CorrectIncorrect -
Question 19 of 20
19. Question
What listing requires an owner to pay a commission, even though she sells the property herself?
CorrectIncorrect -
Question 20 of 20
20. Question
The prospective purchaser may withdraw the offer at any time before the seller’s acceptance of an offer:
CorrectIncorrect
Free real estate practice exam prep
We have worked our tail off to bring you the most comprehensive real estate exam prep material. Check out the table of contents below to jump to the section that answers your question.
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 2020
- 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.
Insert Button For Sign Up Page
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.