Free Real Estate Practice Exam Questions (September 2023) 100+

National Real Estate Exam

1 / 100

Usually, the appraiser is hired by the:

2 / 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?

3 / 100

What is the biggest difference between private and public land use controls?

4 / 100

The legal principle under which a person who does not have legal title to a property acquires legal ownership based on the continuous occupation of the property.

5 / 100

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

6 / 100

What is an item on a property that is installed by the tenant, and is related to the tenant's business classified as?

7 / 100

Which of the following best describes the prepayment penalty clause?

8 / 100

Which situation is legal under the Federal Fair Housing Act of 1968?

9 / 100

Local zoning ordinances often regulate all of the following except

10 / 100

Which of the following best describes a balloon payment?

11 / 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.

12 / 100

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

13 / 100

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

14 / 100

As a listing agent, what obligations do you owe to an unrepresented buyer?

15 / 100

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

16 / 100

Upon payment and delivery of the deed, the seller should also deliver what? Can be quite complex or quite simple—depending on the type of real estate transaction.

17 / 100

When talking about business and professional ethics, as a licensed real estate agent, it is important to make sure:

18 / 100

A property's market value is $400,000. The assessment rate for the house is 25% with 22.75 mills and a $25,000 property tax deduction. Find the annual property taxes.

19 / 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?

20 / 100

What party usually pays the loan origination fee on a Federal Housing Administration (FHA) loan?

21 / 100

A salesperson working for Trinity Real Estate LLC has moved to Lotus Realty. What happens to the listings the salesperson took at Trinity Real Estate LLC?

22 / 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.

23 / 100

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

24 / 100

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

25 / 100

Which of the following would not be considered real property?

26 / 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?

27 / 100

Under the Federal Fair Housing Law, which of the following is considered discriminatory advertising?

28 / 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?

29 / 100

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

30 / 100

Acceleration is a term associated with which type of document?

31 / 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

32 / 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:

33 / 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?

34 / 100

Compliance with zoning ordinances is monitored through the issuance of

35 / 100

A tenant rented an apartment, signing a 16-month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What kind of type of lease does the tenant have?

36 / 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?

37 / 100

A senior housing development may refuse to rent to families if what?

38 / 100

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

39 / 100

What specific formula would be used to estimate the value of a property using the income approach?

40 / 100

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

41 / 100

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

42 / 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.

43 / 100

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

44 / 100

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

45 / 100

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

46 / 100

Mortgage points, also known as discount points, are

47 / 100

A real estate commission is usually based on the:

48 / 100

When real estate agents alert the members of a neighborhood that it is "changing" and that they should sell their property. This is an example of what?

49 / 100

How many miles does a township contain?

50 / 100

Which of the following is a lien?

51 / 100

Who or what determines the amount of an earnest money deposit?

52 / 100

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

53 / 100

Which of the following best describes the term "emblements?"

54 / 100

What determines who pays for what and how much at closing?

55 / 100

Amendments and addendum are essentially the same thing, correct? Choose the best answer.

56 / 100

The best way to determine fair value.

57 / 100

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

58 / 100

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

59 / 100

A mortgagor is also known as the:

60 / 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?

61 / 100

Which of the following best describes the term "encroachment?"

62 / 100

Andrew created a life estate on his property for his sister Gabby. Under the terms of the deed, ownership of the property will last until

63 / 100

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

64 / 100

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

65 / 100

Which of the following is an example of Economic Obsolescence?

66 / 100

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

67 / 100

Which of the following would not be considered appurtenant?

68 / 100

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

69 / 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?

70 / 100

What does the Federal Housing Administration do?

71 / 100

The cost of public services is distributed among real estate owners through what?

72 / 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:

73 / 100

Which of the following is an economic characteristic of real estate?

74 / 100

What is the illegal action or practice of lending money at unreasonably high rates of interest?

75 / 100

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

76 / 100

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

77 / 100

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

78 / 100

A double net lease is a rental agreement where:

79 / 100

What is the difference between commingling and conversion in real estate?

80 / 100

A broker's listing on a house expired. The next day it was listed with another broker and offered in the MLS. A week later, a third licensee called the first broker and asked for the key to show the home. The broker should inform the caller that:

81 / 100

As a general rule of thumb ALL written offers must be:

82 / 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

83 / 100

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

84 / 100

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

85 / 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:

86 / 100

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

87 / 100

Which of the following statements is NOT true about radon?

88 / 100

Mrs Thompson hired a broker to find her a 100+ unit apartment complex for sale. Upon finding one she liked, she made an offer for $2.5 million to include all the personal property as well. In order to include all the personal property Mrs Thompson needs a/an:

89 / 100

Which type of lien is a claim imposed against a property without the consent of its owner?

90 / 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?

91 / 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?

92 / 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?

93 / 100

Used in connection with CERCLA and the creation of The Superfund; Retroactive liability means:

94 / 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?

95 / 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?

96 / 100

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

97 / 100

Which of the following fiduciary duties continues after a listing agreement expires?

98 / 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

99 / 100

Find the annual GRM. A 9-unit building in Cleveland Ohio, with an asking price of $500,000 and gross annual rents of $75,000.

100 / 100

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

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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?