Free Real Estate Practice Exam

According to HUD standards, which of the following would be an acceptable neighborhood advertisement?

• a. “Senior Housing”
• b. “Traditional living”
• c. “Exclusive neighborhood”
• d. “Bachelor community”

2 . Question

Maria, a licensed broker, does not think the seller will seriously consider an offer she received for 15% less than the listing price. Maria should

• a. discourage the potential buyer from making the offer.
• b. encourage the potential buyer to increase the offer.
• c. wait until he receives more realistic offers and present all offers together.
• d. submit the offer to the seller.

3 . Question

• a. buyer protection
• b. good faith
• c. buyer agency
• d. seller protection

4 . Question

• a. To pledge property as collateral for a mortgage loan
• b. To convey property ownership from one person to another
• c. To remove a vendor’s liens from a property
• d. To acknowledge a contractual agreement

5 . Question

• a. the buyer makes a purchase offer.
• b. the seller accepts the buyer's offer without conditions.
• c. the lender commits to funding the loan.
• d. the title to the property is searched.

6 . Question

• a. a seller.
• b. the broker’s own sales agent.
• c. a buyer.
• d. a friend who refers a listing lead.

7 . Question

When Charles does not assert his rights when there is an encroachment on his property such as a neighbor’s garage straddling his property line, this is called

• a. doctrine of laches.
• b. statute of limitations.
• c. parol evidence rule.
• d. General Obligations Law.

8 . Question

Midboro Property Management is contracted to receive 10% of the monthly rental income collected at the Dunbar Apartments. The monthly rent roll for the property is $55,000. One tenant only paid $250 of his $1,000 monthly rent and three tenants skipped out on their $1,000 monthly rents. How much is Midboro Property Management owed?

• a. $5,125
• b. $5,200
• c. $5,400
• d. $4,825

9 . Question

• a. cost.
• b. price.
• c. present value of a property based upon its future benefits.
• d. attractiveness and location.

10 . Question

• a. Multi-family home with three units
• b. A single-family home
• c. An existing business with 30 employees
• d. A third-floor apartment in a newly constructed apartment complex

All Real Estate Practice Tests

Listed below are all of our real estate practice exams. Make sure to use the answer explanations at the end of each exam to better understand complex concepts.

What is on the Real Estate Exam?

There is no single national real estate exam or program of study to become a real estate agent. To qualify to take your state’s real estate licensing exam, you will first have to complete a state-specific pre-licensing education program.

The specific course curriculum and number of hours required is determined by the real estate commission in your home state.

Once you have qualified to take the exam, you will then prepare for and take a state-administered real estate licensing exam.

For most candidates, this exam will include a national portion as well as a state-specific portion.

For both portions of the exam, you will be asked to show knowledge and proficiency in real estate policies, practices, terminology, responsibilities, and expectations.

In general, you should expect your real estate license test to follow this format:

• Around 100-150 multiple choice questions
• 60-80 questions will be state-specific
• 80-100 questions will be universal real estate concepts
• You will have between 2-4 hours to complete your exam.

You should expect real estate exam questions involving the following content:

• Real Property Characteristics
• Freehold Estates
• Real Estate Ownership
• Land and Property Descriptions
• Monetary and Non-Monetary Incumbrances
• Local, State, and other Government Restrictions
• Real Property Liens
• Agency and Agency Relationships
• Real Estate Brokerage
• Buyer and Listing Agency Agreements
• Contract Law
• Transfer of Property Title
• Financing Principles
• Property Management
• Leasing
• Appraisals
• Investment Analysis
• Real Property Environmental Issues
• Settlement

You can learn more about the exam by reading our real estate exam overview guide.

Real Estate Exam State Resources