Free Real Estate Practice Exam Questions (March 2024) 100+

National Real Estate Exam

1 / 100

What of the following is required by the Americans with Disabilities Act(ADA)?

2 / 100

A contract for the sale of real estate that does not state the consideration to be paid for the property and is not signed by the parties is considered what?

3 / 100

During your time as agent you will run into many different types of people from areas across the world. Closing is called many names depending on which region of the U.S you are from. Which of the following is NOT a legal name for closing?

4 / 100

Unlike apartments, which are leased by their tenants, condominium units are owned outright. A condominium is often shortened to

5 / 100

Requires public accommodations to remove barriers in existing buildings such as adding braille markings to elevator buttons, is a requirement of which law?

6 / 100

Using a trust typically has advantages and disadvantages. One of the main advantages of Land Trusts are:

7 / 100

When a home is purchased using an adjustable rate mortgage or ARM, the monthly loan payment on the mortgage will:

8 / 100

The fact that land has a number of important uses is the basis for what essential element of value?

9 / 100

Which of the following best describes Eminent Domain?

10 / 100

An individual seeking to be excused from the requirements of a zoning ordinance needs a

11 / 100

Which of the following is a physical characteristic of real estate?

12 / 100

What type of ownership model is used for vacation real estate in which multiple purchasers own allotments of usage, typically in one-week increments, for the same property?

13 / 100

An agent took a listing and later discovered that her client had previously been declared incompetent by the court. The listing is now

14 / 100

A legal way to dissolve the relationship when the parties don't voluntarily agree to its termination is called

15 / 100

Which of the following would be classified as “consideration” in a real estate contract?

16 / 100

If a seller rejects a written offer made by a buyer, changes the terms of the offer, and has the new offer delivered to the buyer, it is considered what?

17 / 100

A property owner enters into a listing agreement with an agent. The seller obtains a buyer for the house, but the agent receives a commission. The listing agreement between the agent and the property owner was probably

18 / 100

In most cases, a tenant in an apartment holds:

19 / 100

Which of the following would NOT be covered under a builder's new home warranty?

20 / 100

Which action is legal as a real estate agent? (Antitrust Laws)

21 / 100

Who dictates trust accounts and when to deposit earnest money or other trust funds?

22 / 100

Liquidated damage is most likely to be found in which of the following documents?

23 / 100

The type of easement that is a right-of-way for a utility company's power lines is what?

24 / 100

A mortgage loan that requires monthly payments of $400.00 for 15 years and a final payment of $20,000. Typically a loan structured like is called a

25 / 100

A buyer wants to be represented by several different agents while looking at various properties. This is an example of what?

26 / 100

The Civil Rights Act of 1866 prohibits discrimination in real estate based on:

27 / 100

Fees that the buyer pays to close the deal are called:

28 / 100

Which of the following consumers would most likely qualify and be able to derive the most benefit from a reverse mortgage?

29 / 100

Local zoning ordinances often regulate all of the following except

30 / 100

Mr. Jay lives on a property right next to a bridge. The state wants to widen the bridge due to the higher amounts of traffic reported. The state needs the space on either side of the bridge to widen the road. The government seizes Mr. Johnson’s property and gives him $150,000 for it. This government's right to take over privately-owned real for public use is an example of:

31 / 100

The real estate contract clause that almost always begins with the words "to have and to hold."

32 / 100

Which of the following statements is TRUE about trusts and trustors?

33 / 100

Justin takes out a mortgage loan that requires monthly payments of $650.50 for 25 years and a final payment of $30,000. What type of loan is this?

34 / 100

What best describes the type of agency typical in property management - in which an agent has limited power?

35 / 100

Which of the following best describes a blind offer?

36 / 100

One individual or married couple in business alone (The most common form of business structure):

37 / 100

Compliance with zoning ordinances is monitored through the issuance of

38 / 100

The lender in a traditional mortgage loan transaction is known as what?

39 / 100

A contract that legally binds two or more parties together, to specific obligations, that create a legally binding contract between the buyer and the seller.

40 / 100

An example of functional obsolescence in real estate is

41 / 100

Mortgage points, also known as discount points, are

42 / 100

Is replacement cost and reproduction cost the same thing and if it is different, what is the difference?

43 / 100

In a typical real estate market, if the demand for commercial office space declines and the supply of office space also declines at the same ratio, market rent per square foot should:

44 / 100

The fact there is a limited amount of land on earth represents what essential element of value?

45 / 100

Acceleration is a term associated with which type of document?

46 / 100

What best describes an agent hired to perform a specific duty?

47 / 100

What is the test done to locate where to place a septic system?

48 / 100

What does the Federal Housing Administration do?

49 / 100

Richard is renting property from Becky. Richard is on a month to month lease agreement. This past month he did not pay his rent. Richard's interest would be classified as:

50 / 100

What type of court handles the analysis and transfer of real estate or general estate assets of a deceased person (without a will)?

51 / 100

What is the difference between the market value of your home, and the amount you owe the lender who holds the mortgage?

52 / 100

All of the following will void an offer except

53 / 100

When a furnishing company creates materials for the construction of a house and is subsequently not paid, it may file a(n):

54 / 100

In an offer to purchase property, the buyer states, "If we cannot obtain a mortgage loan for 4.5 percent or less, we will not purchase the property and expect the earnest money to be refunded in full." This is an example of what?

55 / 100

Which of the following would not be considered appurtenant?

56 / 100

Choose the best answer. Which of the following is an example of a Special Use property?

57 / 100

In order for a month-to-month tenancy to be legally valid which of the following MUST the contract include?

58 / 100

Appraiser Leo was hired to prepare a feasibility study for a 12-unit apartment complex in which the owner is considering putting in a swimming pool. Which basic principle of appraising should Leo use?

59 / 100

The owner of a secluded area adjacent to the ocean noticed that people from the local town walked along the shore in front of his property. The owner learned that the local citizens had been walking along this beach for half a century. The owner went to court to try to stop people from walking along the water's edge in front of his property. The owner is likely to be:

60 / 100

What is best defined as, a document in which a property owner contracts with a real estate agent to find a buyer for the owner's property?

61 / 100

What is the procedure used by a public or private entity with the powers granted to take privately owned real estate?

62 / 100

After smoking, this is the second leading cause of lung cancer in the United States. A naturally occurring gas that forms in rocks, soil, and water.

63 / 100

Which of the following would generally constitute an antitrust violation?

64 / 100

In real estate, alienation is best described as:

65 / 100

Altering a written document by improperly signing someone else's name to an instrument is what?

66 / 100

A property owner wishes to build a neighborhood grocery store in an area zoned for residential use. Which of the following would MOST likely be used to obtain permission to build the store?

67 / 100

What is a written supplement or amendment to an existing will such as one affecting the transfer of real estate upon death?

68 / 100

Which of the following two real estate contract clauses protect the lenders in some way, usually by asking for some form of payment(insurance)?

69 / 100

Which of the following fits the description? "A mortgage loan available for military service members, veterans, and eligible surviving spouses; which often comes with better terms than a traditional mortgage."

70 / 100

Philip has a contract with his neighbor Jessica for lawn service. Philip can no longer mow the lawn due to an ankle injury. Paul, Jessica's other neighbor, agrees to carry out the terms of Philips contract. In order to do this, Jessica must substitute Philip's name with Pauls on the contract. What is this an example of?

71 / 100

What is the LAST requirement in the process of offer and acceptance that creates an executory contract?

72 / 100

Which of the following real estate contract clauses is typically seen in blanket mortgages and allows for the freeing of all or part of a property from a claim through a proportional or full amount of the mortgage being paid off?

73 / 100

To whom does an agent always owe their fiduciary responsibility?

74 / 100

What is the measurement or boundary between a plot of land or a building and the road onto which the plot or building fronts?

75 / 100

What is the proper procedure for changing a contract that already has become binding?

76 / 100

Typically a warranty deed contains how many covenants?

77 / 100

The Bundle of Rights include:

78 / 100

A buyer and seller entered into a contract, they negotiated the sale of the side lot at the same time as the transfer of the home. What is the second document called?

79 / 100

While the economy is experiencing inflation, interest rates typically:

80 / 100

Commingling is the opposite of what?

81 / 100

If a leased premises becomes uninhabitable deliberately in an attempt to remove the tenant. What is this action called?

82 / 100

The deed that offers the grantee the most protection. With this type of deed, the grantor makes a series of legally binding promises (called covenants) and warranties to the grantee agreeing to protect the grantee against any prior claims and demands of all persons whomsoever in regards to the conveyed land.

83 / 100

Joint tenants with a right of survivorship means

84 / 100

A non licensed buyer negotiated the purchase of a house. During a conversation with the seller, the seller agreed to include both the washer and the dryer, in the sale, and this was included in the sales contract. In this situation, if the seller takes the appliances, what recourse (if any) does the buyer have?

85 / 100

A contract agreed to and signed under duress is what?

86 / 100

The term "Licensee," is commonly used in real estate law. A licensee is just:

87 / 100

In preparing for variable expenses in a property management budget, the property manager should set up a what?

88 / 100

Market value is

89 / 100

Which of the following is not a type of depreciation used in the cost approach?

90 / 100

Traditionally real estate agents are paid through a fee paid for performing a transaction, called a

91 / 100

What is Fannie Mae’s primary responsibility?

92 / 100

Why is an oral lease for two years not generally enforceable in law?

93 / 100

Under the terms in a mortgage, the lender must be paid in full if the property is sold to another person. This is known as the

94 / 100

An example of economic obsolescence in real estate is

95 / 100

Josh agrees to represent Susan in the sale of her home. The listing contract states that Josh will receive a fee of $15,000 from Susan at closing, regardless of the sales price. Is this a legal and a valid form of compensation?

96 / 100

A real estate commission is usually based on the:

97 / 100

A property owner enters into an exclusive agency listing with an agent. The seller ends up obtaining a buyer for the house themselves. Is the agent entitled to compensation?

98 / 100

According to the Do Not Call list and Established Business Relationship (EBR) Rules, a real estate professional may contact a past client for relationship building purposes when?

99 / 100

Which act amended the comprehensive environmental response, compensation, and liability act (also known as CERCLA)?

100 / 100

When you buy real property, you gain several different kinds of rights. One of which are rights called "subsurface rights." What are subsurface rights?

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Welcome to the National Real Estate Practice Exam

This free practice exam is here to help you master the national portion of the real estate exam. Our real estate practice exam pulls from a large pool of questions, so you can expect a different study experience each time you take it.

Don’t forget to read the explanations so you fully understand the question. At the very end of each exam, there is a recap of the questions you got right or wrong, which is also very helpful to look at.

We also have detailed state-specific practice exams located down below, along with an extensive math practice exam.

Keep scrolling for more! Have fun, study hard, and reach out if you have any questions,

Real Estate License Wizard Team


Real Estate Exam Practice Questions and Answers


State Specific Information and Practice Exams

StateState License instructionsExam ProviderState AuthorityPractice Exam
AlabamaAL License InstructionsPSIAlabama Real Estate Commission Official WebsiteAlabama Real Estate Practice Exam
AlaskaAK License InstructionsPearson VueAlaska Real Estate Commission Official Website
ArizonaAZ License InstructionsPearson VueArizona Real Estate Commission Official Website
ArkansasAR License InstructionsPearson VueArkansas Real Estate Commission Official WebsiteArkansas Real Estate Practice Exam
CaliforniaCA License InstructionsStateCalifornia Real Estate Commission Official WebsiteCalifornia Real Estate Practice Exam
ColoradoCO License InstructionsPSIColorado Real Estate Agency Official WebsiteColorado Real Estate Practice Exam
ConnecticutCT License InstructionsPSIConnecticut State Real Estate Official WebsiteConnecticut Real Estate Practice Exam
DelawareDE License InstructionsPearson VueDelaware Real Estate Commission Official WebsiteDelaware Real Estate Practice Exam
FloridaFL License InstructionsPearson VueFlorida Department of Real Estate Official WebsiteFlorida Real Estate Practice Exam
GeorgiaGA License InstructionsPSIGeorgia Real Estate Commission Official WebsiteGeorgia Real Estate Practice Exam
HawaiiHI License InstructionsPSIHawaii Real Estate Department Official WebsiteHawaii Real Estate Practice Exam
IdahoID License InstructionsPearson VueIdaho Real Estate Commission Official WebsiteIdaho Real Estate Practice Exam
IllinoisIL License InstructionsPSIIllinois Real Estate Division Official WebsiteIllinois Real Estate Practice Exam
IndianaIN License InstructionsPSIIndiana Real Estate Commission Official Website
IowaIA License InstructionsPSIIowa Real Estate Bureau Official WebsiteIowa Real Estate Practice Exam
KansasKS License InstructionsPearson VueKansas Real Estate Commission Official WebsiteKansas Real Estate Practice Exam
KentuckyKY License InstructionsPSIKentucky Real Estate Commission Official WebsiteKentucky Real Estate Practice Exam
LouisianaLA License InstructionsPSILouisiana Real Estate Commission Official Website
MaineME License InstructionsPearson VueMaine Real Estate Commission Official WebsiteMaine Real Estate Practice Exam
MarylandMD License InstructionsPSIMaryland Real Estate Commission Official WebsiteMaryland Real Estate Practice Exam
MassachusettsMA License InstructionsPSIMassachusetts ePLACE Portal Real Estate Official WebsiteMassachusetts Real Estate Practice Exam
MichiganMI License InstructionsPSIMichigan Real Estate Department Official WebsiteMichigan Real Estate Practice Exam
MinnesotaMN License InstructionsPearson VueMinnesota Real Estate License Department Official WebsiteMinnesota Real Estate Practice Exam
MississippiMS License InstructionsPSIMississippi Real Estate Commission Official WebsiteMississippi Real Estate Practice Exam
MissouriMO License InstructionsPSIMissouri Real Estate Commission Official WebsiteMissouri Real Estate Practice Exam
MontanaMT License InstructionsPSIMontana Real Estate Commission Official Website Montana Real Estate Practice Exam
NebraskaNE License InstructionsPearson VueNebraska Real Estate Commission Official WebsiteNebraska Real Estate Practice Exam
NevadaNV License InstructionsPSINevada Real Estate Commission Official WebsiteNevada Real Estate Practice Exam
New HampshireNH License InstructionsPSINew Hampshire Estate Commission Official WebsiteNew Hampshire Real Estate Practice Exam
New JerseyNJ License InstructionsPSINew Jersey Real Estate Commission Official WebsiteNew Jersey Real Estate Practice Exam
New MexicoNM License InstructionsPSINew Mexico Estate Commission Official WebsiteNew Mexico Real Estate Practice Exam
New YorkNY License InstructionsStateNew York Division of License Services Official WebsiteNew York Real Estate Practice Exam
North CarolinaNC License InstructionsPSINorth Carolina Real Estate Commission Official WebsiteNorth Carolina Real Estate Practice Exam
North DakotaND License InstructionsPSINorth Dakota Real Estate Commission Official Website
OhioOH License InstructionsStateOhio Department of Real Estate Official WebsiteOhio Real Estate Practice Exam
OklahomaOK License InstructionsPSIOklahoma Real Estate Commission Official Website
OregonOR License InstructionsPSIOregon Real Estate Commission Official WebsiteOregon Real Estate Practice Exam
PennsylvaniaPA License InstructionsPSIPennsylvania Real Estate Commission Official WebsitePennsylvania Real Estate Practice Exam
Rhode IslandRI License InstructionsPearson VueRhode Island Real Estate Commission Official WebsiteRhode Island Real Estate Practice Exam
South CarolinaSC License InstructionsPSISouth Carolina Real Estate Commission Official WebsiteSouth Carolina Real Estate Practice Exam
South DakotaSD License InstructionsPSISouth Dakota Real Estate Commission Official Website
TennesseeTN License InstructionsPSITennessee Department of Commerce and Real Estate Official WebsiteTennessee Real Estate Practice Exam
TexasTX License InstructionsPearson VueTexas Real Estate Commission Official WebsiteTexas Real Estate Practice Exam
UtahUT License InstructionsPearson VueUtah Division of Real Estate Official WebsiteUtah Real Estate Practice Exam
VermontVT License InstructionsPSIVermont Real Estate Official Website
VirginiaVA License InstructionsPSIVirginia Real Estate Board Official WebsiteVirginia Real Estate Practice Exam
WashingtonWA License InstructionsPSIWashington Real Estate License Department Official Website
West VirginiaWV License InstructionsPSIWest Virginia Real Estate Commission Official WebsiteWest Virginia Real Estate Practice Exam
WisconsinWI License InstructionsPearson VueWisconsin Department Professional Services and Real Estate Official Website
WyomingWY License InstructionsPSIWyoming Real Estate Commission Official Website

Real Estate Exam FAQ’s

If you are new to all of this, don’t worry, we gotcha covered. The real estate exam can be scary at first, but you can conquer the real estate exam with the right study materials. Have a question about the real estate exam? Find the answers to all your real estate license questions here:

What Is on the Real Estate Exam?

The real estate license exam is divided into two parts: the national and your specific state portions.

The real estate exam is mainly multiple-choice and is a mix of problem-solving, math, and vocabulary. By far, the most substantial chunk of the real estate license exam is the vocabulary.

The key concepts and words you have to study are essential for obtaining your real estate license, so you must learn and become familiarized with them. Here are what topics you are expected to know:

Property Ownership

Land Use Controls and Regulations

Property Disclosures

  • Property condition
  • Property disclosures
  • Environmental issues requiring disclosure
  • Government disclosure requirements (LEAD)
  • Material facts and defect disclosure

General Principles of Agency

Financing

  • Basic concepts and terminology
  • Types of loans and real estate transactions
  • Financing and lending
  • Lending process application through closing
  • Financing and credit laws and rules
  • Down payment vs monthly payment
  • RESPA, Equal Credit Opportunity, and Truth in Lending Act
  • Underwriting

Leasing and Property Management

  • Basic concepts/duties of property management
  • Lease agreements
  • Types of leases
  • Landlord and tenant rights and obligations
  • Property manager’s fiduciary responsibilities
  • ADA and Fair Housing compliance in property management

Contracts

Transfer of Title

Practice of Real Estate

Real Estate Calculations

  • Basic math concepts
  • Calculations for transactions
  • Calculations for valuation, rate of return

Is There Math on the Real Estate Exam?

It depends. For a full explanation, check out this video on real estate math:


How to Become a Real Estate Agent in Your State

Real estate license requirements vary from state to state. Here are the general real estate license requirements that apply to all:

  • All states require a high school diploma or G.E.D equivalent.
  • All states require U.S citizenship and proof of state-specific residency.
  • All states require up to date forms of government-approved I.D (driver’s license, U.S. Passport, birth certificate). Anything expired will NOT be accepted at the test-taking site.
  • Many states require a background check or submission of fingerprints. Normally if a background check is required so is the submission of fingerprints although they are usually handled at the same time and do not require additional steps.
  • Some but not all states require proof of errors and omissions insurance.
  • Must complete required state approved pre-licensing courses.
  • Must pass state administered real estate exam.
  • Must pay state mandated real estate agent fees.

For specifics look at our full guide on Real Estate License Requirements by State.

More Exam FAQs

How Hard is the Real Estate Exam?

The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents. 

Passing the real estate exam takes more than completing any pre-licensing course. It takes massive preparation. The good news is that there are a lot of tools out there to help with passing the real estate exam.

How Many Questions Are on the Real Estate Exam?

The number of questions on the real estate exam depends on which state you are taking the exam in.

Usually, the exam varies between 80-100 national questions and 30-50 state-specific ones, but each state is different. You’ll need a 60-75% or better, depending on your state.

How Many Questions Can You Miss on the Real Estate Exam?

You can miss 15 to 30% percent of the questions in most states and still pass the exam. Again, it varies per state, so check out our state requirements page for more detailed information.

How Long is the Real Estate Exam?

The length of the real estate exam varies from about 1.5 hours to 3.5 hours again, based on the state you’re in. 

Who Administers the Real Estate Exam?

Real estate exams are administered at hundreds of locations across the United States, depending on where you live. Likely, your real estate exam will be issued by one of the following two nationwide testing organizations:

  • PSI Online or AMP
  • Pearson Vue

You can schedule your test at one of the appropriate testing centers once you have completed your state-mandated pre-licensing and are qualified to take the exam. 


More Free Real Estate Exam Resources

Below we put together a complete list of extra free study resources in hopes that you can pass your real estate exam the first time. If you know of any additional free resources that we can add to this list, please email us and let us know.

Real Estate Exam Study Groups

Have you ever heard of Reddit? It’s essentially a massive collection of forums where people can share news, content, and a bunch of other stuff. Well, there is a subreddit or particular section of Reddit dedicated to the real estate exam.

Click the link here or head to Reddit and search for the real estate exam to find the forum. The subreddit or forum should show up. Once you’re there, you can post any exam-related question you may have or answer other people’s questions too. As of writing this, it looks like they have over 2,100 members!

If you’re not into Reddit, we also have our own study group located on Facebook. You can check that out right here.

We highly encourage you to join these groups and talk to other test takers. Remember, we’re all in this together. The best way to pass is to use all the resources available to you. Sometimes people forget there are hundreds of others in the same boat. Never feel alone!

We have almost everything real estate related, and yes, that includes real estate exam prep videos. Here is a quick list we put together of some of our top real estate exam prep videos and playlists:

Real Estate Exam Prep Videos

In this playlist, study specific real estate concepts you need to know for the real estate exam. Learn about property rights, contract clauses, government powers, agency relationships, and so much more.

One of the most essential parts of the real estate exam is vocabulary. Watch these videos to review critical real estate terms that will appear on the real estate exam. This playlist covers 255 real estate vocab terms.

Want to practice real estate exam questions every day; this is the perfect playlist for you. Time this up with when your exam is scheduled, and practice an exam question every day.

Crash courses are a fantastic way to study for the real estate exam. Some include real estate practice exams and interactive real estate exam prep. If that sounds good, check out these crash courses:


Want Real Estate Exam Prep?

Between our real estate prep course, real estate practice exams, and video lessons – there is no better way to prepare for your real estate exam.

We’ve seen our students get results time and time again so we’re proud to stand behind our content. Your satisfaction is important to us, which is why we offer a no questions asked 30-day money back guarantee.

We’ve helped thousands of people pass the real estate exam and get their real estate license. Ready to get started?