100+ Free Real Estate Practice Exam Questions (June 2022)

National Real Estate Exam

1 / 100

A contract may include a clause that limits the amount of money to which the seller is entitled in case the buyer breaches the contract. What is this called?

2 / 100

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

3 / 100

An individual owned three acres of land. When she sold one acre to her friend, she reserved for herself and family an appurtenant easement over the friend's land for ingress and egress. The friend's land is what?

4 / 100

After paying off a loan, the lender files what to release the lien?

5 / 100

If someone is unlawfully forced to execute a contract it is called what?

6 / 100

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

7 / 100

Which of the following would not be considered appurtenant?

8 / 100

In real estate, a deed is best defined as:

9 / 100

Researching recently sold homes in the area and homes that haven't been sold in the area and comparing their prices. Is an example of

10 / 100

A real estate commission is usually based on the:

11 / 100

The ability to buy and sell is also known as what essential element of value?

12 / 100

Who is most likely to win a suit for specific performance?

13 / 100

CRV stands for Certificate of Reasonable Value and is issued by who?

14 / 100

What is the highest form of real estate ownership that is recognized by law, in which the owner can enjoy the property to its fullest extent?

15 / 100

The owner of a condominium has the use of many facilities there, including a pool. Under the typical condominium arrangement, the facilities are owned by

16 / 100

A contract agreed to and signed under duress is what?

17 / 100

Tenants by the Entirety and Community Property both generally pertain to

18 / 100

A buyer was negotiating the purchase of a lot to build a new family house, the seller indicated that the land was firm enough to support the construction of a building when, in fact, the seller knew it was not. The contract is

19 / 100

During the listing agreement a commission of 6% is established. The house is sold for $250,000. What is the commission?

20 / 100

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

21 / 100

Mortgage points, also known as discount points, are

22 / 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?

23 / 100

What is the difference between a testate estate and an intestate estate?

24 / 100

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

25 / 100

What is a one-of-a-kind contract that is solely between the seller and the buyer. In this arrangement, the seller gives the buyer the option to purchase property at a given price for a set period?

26 / 100

Which term refers to the packaging of a number of mortgage loans for sale in the secondary mortgage market by a financial institution or mortgage banker who originated the loans?

27 / 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

28 / 100

Which business structure traditionally features a board of directors?

29 / 100

Mrs. Jackson signs an open listing on her home with three different brokers. In this case:

30 / 100

An offer to purchase real estate becomes a contract when it is signed by the

31 / 100

Which of the following is a lien?

32 / 100

A couple owns an older home in a neighborhood that is becoming a commercial area. Because of the change in the use of the land, the couple can expect the value of their parcel to increase at some future time. This is an example of the principle of

33 / 100

Complete the statement and make it factually accurate. “In title theory states, banks or mortgage lenders hold the title of a property until it is paid in full. In lien theory states:

34 / 100

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

35 / 100

Which of the following enforces all federal environmental rules and regulations?

36 / 100

Which of the following is NOT a main element of a valid real estate contract?

37 / 100

Which of the following is a private land-use control?

38 / 100

A married couple intends to purchase property, but only if they can qualify for a mortgage loan at a reasonable rate. The qualification is

39 / 100

The “time is of the essence” contract clause in real estate contracts generally has to do with what?

40 / 100

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

41 / 100

The statute of frauds, applies to

42 / 100

Earnest money should be deposited into a trust account:

43 / 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?

44 / 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?

45 / 100

Market value is

46 / 100

The majority of homes before _______ used lead paint.

47 / 100

Complete the following statement. The rescission of a contract occurs when:

48 / 100

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

49 / 100

When an asset is pledged as collateral to secure a loan what is it called?

50 / 100

What is the act of mixing the client’s funds with the broker’s own funds? This can be both legal and illegal depending on the state and circumstance.

51 / 100

The execution date or date executed is the day a contract is signed. The effective date is what? Choose the best answer.

52 / 100

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

53 / 100

A legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset:

54 / 100

Assuming there are no extra fees, and the broker is representing the buyer and the seller, what was the final sales price of a property if the commission rate was 5.5% and the broker received $11,000.

55 / 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

56 / 100

An interest in real property which is held for the duration of the life of a designated person is called a

57 / 100

There are three main forms of depreciation, what are they?

58 / 100

A bilateral contract is one in which

59 / 100

How many miles does a township contain?

60 / 100

What is the final step of the real estate appraisal process in which the appraiser weighs each appraisal approach and determines which one is most relevant and should be used?

61 / 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?

62 / 100

Most real estate sales contracts include contingency clauses, making them what?

63 / 100

Puffing is a term referring to

64 / 100

In real estate, alienation is best described as:

65 / 100

What is it called when parties have fully performed the terms of a contract?

66 / 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?

67 / 100

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

68 / 100

In most cases, a tenant in an apartment holds:

69 / 100

Buyer Dan is considering buying a lot to build a single family residence. Dan hires an appraiser to appraise the lot. Which approach to value would the appraiser choose to complete the task?

70 / 100

A property owner enters into a listing agreement with an agent. Another agent obtains a buyer for the house, and the first agent does not receive a commission. The listing agreement between the first agent and the property owner was probably

71 / 100

An example of an antitrust violation is

72 / 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.

73 / 100

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

74 / 100

Which of the following would generally constitute an antitrust violation?

75 / 100

A seller is asked whether any known plumbing defects exist on her property. She replies that to the best of her knowledge there are no plumbing defects. However, unknown to her the pipes are corroded and due for replacement. Is the seller in violation of her disclosure responsibilities?

76 / 100

Which of the following statements does NOT correctly describe a fiduciary?

77 / 100

This act, allowed greater control for the EPA to control contaminant levels, take legal action against public water auth. for violations, and require periodic water testing and notification to state authority and homeowners if contaminated.

78 / 100

A mortgagor is also known as the:

79 / 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?

80 / 100

The fifth and fourteenth amendments of the U.S. Constitution permit the government to exercise its power of eminent domain. Eminent Domain is commonly used for:

81 / 100

An appraiser has been hired to prepare an appraisal report of a property for loan purposes. The property is a 25-year-old strip mall. To which approach to value should the appraiser give the greatest weight when making this appraisal?

82 / 100

What is the document that defines the relationship between the broker and the seller?

83 / 100

State laws differ on whether a buyer is entitled to know about:

84 / 100

When contracting parties have signed a contract and both parties have done all they promised to do, it is called this:

85 / 100

A seller named Joan gave a buyer named Bob an option for thirty days to purchase her property for a consideration of $750. There is no anti-assignment clause in the contract. Which of the following statements is NOT true?

86 / 100

Even after an offer has been accepted and signed (by all parties), the buyer and seller may still choose to sign mutual release papers rather than proceed to closing. Which of the following circumstances would NOT give either party a justifiable reason to insist on a mutual release?

87 / 100

Enacted in 1974, which of the following is a regulation that aims to give all legal individuals an equal opportunity to apply for loans?

88 / 100

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

89 / 100

What is the difference between void and voidable contracts? Choose the best answer.

90 / 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.

91 / 100

Which of the following statements about water rights is true? Choose the best answer.

92 / 100

What is the government issued plan to guide the long-term physical development of a particular area?

93 / 100

What is radioactive gas dispersed from natural decay of mineral in earth (odorless, colorless, tasteless)?

94 / 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?

95 / 100

If a legal description is too long to include in the body of a sales contract, a real estate professional should do what?

96 / 100

What is the outcome when a purchaser signs a purchase agreement and gives the seller's broker a large check?

97 / 100

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

98 / 100

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

99 / 100

Tina and Tom are two unmarried individuals who own property with equal interests and without a right to survivorship. Which of the following forms of ownership would Tina and Tom most likely have?

100 / 100

What best describes an agency relationship where an agent has legal authority to act on behalf of the principal?

Your score is

Need state practice? Click on the buttons below for a free state real estate practice exam

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 Website
ConnecticutCT License InstructionsPSIConnecticut State Real Estate Official WebsiteConnecticut Real Estate Practice Exam
DelawareDE License InstructionsPearson VueDelaware Real Estate Commission Official Website
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 Website
IllinoisIL License InstructionsPSIIllinois Real Estate Division Official Website
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 Website
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 Website
MinnesotaMN License InstructionsPearson VueMinnesota Real Estate License Department Official Website
MississippiMS License InstructionsPSIMississippi Real Estate Commission Official Website
MissouriMO License InstructionsPSIMissouri Real Estate Commission Official Website
MontanaMT License InstructionsPSIMontana Real Estate Commission Official Website Montana Real Estate Practice Exam
NebraskaNE License InstructionsPearson VueNebraska Real Estate Commission Official Website
NevadaNV License InstructionsPSINevada Real Estate Commission Official WebsiteNevada Real Estate Practice Exam
New HampshireNH License InstructionsPSINew Hampshire Estate Commission Official Website
New JerseyNJ License InstructionsPSINew Jersey Real Estate Commission Official Website
New MexicoNM License InstructionsPSINew Mexico Estate Commission Official Website
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 Website
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 Website
PennsylvaniaPA License InstructionsPSIPennsylvania Real Estate Commission Official WebsitePennsylvania Real Estate Practice Exam
Rhode IslandRI License InstructionsPearson VueRhode Island Real Estate Commission Official Website
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 Website
TexasTX License InstructionsPearson VueTexas Real Estate Commission Official WebsiteTexas Real Estate Practice Exam
UtahUT License InstructionsPearson VueUtah Division of Real Estate Official Website
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 Website
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 is 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 the 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?