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

National Real Estate Exam

1 / 100

What is the general technique of determining three-dimensional positions of points and the distances and angles between them?

2 / 100

A lease agreement where the tenant has the right to buy the property within a specified period of time is called what?

3 / 100

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

4 / 100

A housing development advertising its units being only available to people over 55 is what?

5 / 100

A bilateral contract is one in which

6 / 100

In real estate, alienation is best described as:

7 / 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?

8 / 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:

9 / 100

Which of the following statements is NOT true about radon?

10 / 100

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

11 / 100

Which of these meets the Department of Housing and Urban Development’s (HUD) definition of family as a protected class?

12 / 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

13 / 100

Usually, the appraiser is hired by the:

14 / 100

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

15 / 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.

16 / 100

The Latin phrase ad valorem comes up often when talking about property taxes. What does ad valorem mean?

17 / 100

A property owner acquired the ownership of land that was deposited by a river running through his property by what?

18 / 100

A lender agrees to release the first borrower from all financial obligations and let a second buyer be responsible for the repayment of the debt. What is this an example of?

19 / 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?

20 / 100

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

21 / 100

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

22 / 100

By which of the following can you not lose title to your property involuntarily?

23 / 100

Typically a warranty deed contains how many covenants?

24 / 100

What is the best definition listed for the term: “conventional loan?”

25 / 100

Three identical properties in a suburban neighborhood were listed at the same time in a market where demand was constant. According to the law of supply and demand, which property would have sold for the lowest price?

26 / 100

Fee packing, equity stripping, and balloon payment abuses are all examples of what?

27 / 100

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

28 / 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?

29 / 100

Commingling is the opposite of what?

30 / 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

31 / 100

A double net lease is a rental agreement where:

32 / 100

How many miles does a township contain?

33 / 100

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

34 / 100

To whom does an agent always owe their fiduciary responsibility?

35 / 100

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

36 / 100

In the case of a standard tax lien who gets paid first?

37 / 100

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

38 / 100

Appraiser Larry has a set of special-purpose and public service buildings like schools, churches, and post offices, which he needs to appraise. Which approach to value would Larry, the appraiser choose to complete the task?

39 / 100

What is the key difference between a Less than Freehold Estate and a Freehold estate is

40 / 100

A seller tells the listing agent that her home was treated for termites five years ago, and that there are no termites now. Before listing the property, the agent should

41 / 100

Restrictive covenants, are also known as

42 / 100

It is the _____ duty to explain the purchase agreement and to not mislead any parties.

43 / 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:

44 / 100

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

45 / 100

A claim that has the appearance of having valid title, but in reality, the person either does not hold actual title, or there is a significant defect in the written documents supporting title, that makes it invalid. This an example of which legal concept:

46 / 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

47 / 100

Which of the following would be an example of a deed restriction?

48 / 100

Under these rights, all landowners whose properties adjoin a river or stream, have the right to make reasonable use of it as it flows through or over their properties.

49 / 100

Which of the following best describes a balloon payment?

50 / 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."

51 / 100

Which of the following would not be considered appurtenant?

52 / 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?

53 / 100

An example of functional obsolescence in real estate is

54 / 100

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

55 / 100

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

56 / 100

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

57 / 100

Which valuation method or appraisal approach involves comparing a property to other recently sold properties in the same area of similar size and condition?

58 / 100

All of the following will void an offer except

59 / 100

If a buyer refuses to go ahead with a purchase of property which he has signed a contract, what usually happens to the earnest money?

60 / 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?

61 / 100

Tony and Taylor are two unmarried individuals who own property with equal interests and a right to survivorship. Which of the following forms of ownership would Tony and Taylor most likely have?

62 / 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?

63 / 100

Which of the following contracts would best be described as a contract in which only one party makes a promise to perform an action?

64 / 100

Mrs. Jane lives in a small residential neighborhood. 100-year-old trees surround her home, and her neighbor Mr. Joe claims the trees are on his property and is planning on cutting them down. Mrs. Jane tries to reason with Mr. Joe, but he refuses to listen. Mrs. Jane files a lawsuit that includes a court order for Mr. Joe to stop his actions until they can work something out. What type of court order is this?

65 / 100

Which of the following would generally constitute an antitrust violation?

66 / 100

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

67 / 100

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

68 / 100

An elderly man in a nursing home, has no family and is suffering from Alzheimer’s. Because of his Alzheimers, he doesn’t remember much. Eventually, he passes away in his sleep. There is no will for the man, and again he has no family. So what happens to the money left in his savings account and his old farm that has been left untouched since he entered the nursing home?

69 / 100

When you borrow money to buy real estate, you give the lender a _____ against the property.

70 / 100

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

71 / 100

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

72 / 100

A man named Troy lives in California, but owns property across the U.S. He owns property in cities like Pittsburgh, Philadelphia, and D.C. Troy decides he wants to sell his property in D.C. Instead of traveling all the way to D.C. to complete all the paperwork, he calls up his buddy Tony. Troy authorizes Tony, who lives in D.C., to sell his property for him. Troy gives Tony a/an:

73 / 100

According to the Do Not Call list and Established Business Relationship (EBR) Rules, how many months does a real estate professional have to call an expired listing client to solicit new business (referral)?

74 / 100

A mortgagor is also known as the:

75 / 100

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

76 / 100

What is the difference between a lease option contract and lease purchase contract?

77 / 100

Your client signs a contract to buy a house and the seller refuses to sell the house at the very last minute. Your client still wants the house. What should your client do?

78 / 100

A real estate agent advertised a home for $250,000. When a Chinese couple asked the agent for the price of the house. The agent told them the seller wanted $260,000 instead. Under the federal Fair Housing Act of 1968, such a statement is

79 / 100

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

80 / 100

Generally speaking, what happens when the supply of available houses in an area decreases significantly?

81 / 100

Brokerages and real estate agents across America connect using a

82 / 100

What form of legal land description uses a plat map?

83 / 100

Economic life is the length of time during which a piece of property may be put to profitable use. Economic life is usually:

84 / 100

Which of the following would MOST likely be considered a fixture?

85 / 100

In common law, a deed is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdictions, sealed. It is commonly associated with transferring title to property. Within deeds, covenants are:

86 / 100

Which of the following can be achieved by dividing the price of the property by the rent that is produced?

87 / 100

Which of the following is a lien?

88 / 100

Which of the following best describes a blind offer?

89 / 100

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

90 / 100

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

91 / 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?

92 / 100

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

93 / 100

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

94 / 100

A property's market value is $350,000. The assessment rate for the house is 15% with 27.50 mills. Find the annual property taxes.

95 / 100

Which of the following laws prohibits discrimination in the buying, selling, renting or financing of housing. These laws prohibit discrimination based on race, religion, color, sex, disability, children, nationality and more.

96 / 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:

97 / 100

The EPA requires real estate professionals to give purchasers and tenants of residential dwelling a pamphlet about Lead-Based paint if the dwelling was built before when?

98 / 100

Utilizing the 28/36 rule, if Rebbecas gross income is $4,500 a month, she would need to spend less than ______ in housing costs a month to qualify for most loans.

99 / 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?

100 / 100

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

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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 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 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 WebsiteMississippi Real Estate Practice Exam
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 WebsiteNew Jersey Real Estate Practice Exam
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 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 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 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 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 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?