Free practice test
Free Real Estate Practice Test
Take our free real estate practice test with 20 questions covering principles, contracts, agency, and finance. Instant scoring with answer explanations.
- 100% free to practice
- No signup required
- State-specific content
This free real estate practice test includes 20 multiple-choice questions drawn from the subject areas covered on national real estate licensing exams for salesperson and broker candidates. Topics include property ownership, legal descriptions, fair housing law, appraisal basics, contracts, agency relationships, and real estate finance.
After you submit, you will see your score, the correct answer for each question, and a plain-English explanation. Use missed questions to identify the topics you need to study before your state licensing exam.
These questions are for study practice only and are not official exam questions. ExamsLib is not an official licensing authority or affiliated with any state real estate commission or exam provider. Passing this practice test does not guarantee a passing score on your state licensing exam.
These questions are for study practice only and are not official exam questions.
Question 1
Question 2
Which type of deed offers the GREATEST protection to the grantee?
Question 3
A lender charges a 1% loan origination fee on a $320,000 loan and requires 1.5 discount points. What is the total upfront cost of these two charges?
Question 4
For a real estate sales contract to be legally enforceable, it must be in writing under which law?
Question 5
A real estate agent has just signed a listing agreement with a seller. The agent's PRIMARY fiduciary duty runs to:
Question 6
Which listing agreement gives ONE broker the exclusive right to sell, meaning the broker earns a commission even if the owner finds the buyer personally?
Question 7
Which clause in a purchase contract allows a buyer to withdraw without penalty if they cannot obtain financing at specified terms?
Question 8
A borrower has a $400,000 loan at 7.5% annual interest. What is the interest for the first month, and what portion of a $2,797 monthly payment reduces principal?
Question 9
A seller accepts a buyer's offer but changes the sales price before signing and initials the change. The buyer has not agreed to the price change. What has the seller created?
Question 10
A dual agent represents both the buyer and the seller in the same transaction. Which of the following BEST describes the agent's situation?
Question 11
If a buyer defaults on a purchase contract after the inspection period, the seller typically has the right to:
Question 12
An agent discovers that a home has a leaking underground storage tank on the property. The seller has not disclosed this. What should the agent do?
Question 13
Loan-to-value ratio (LTV) is calculated as:
Question 14
A deed transfers title from the grantor to the grantee. Which of the following must a valid deed contain?
Question 15
An easement appurtenant benefits:
Question 16
A developer's property is subject to a deed restriction prohibiting commercial use. The government later zones the area commercial. Which control takes precedence?
Question 17
One discount point paid at closing is equal to:
Question 18
Which federal law requires lenders to disclose the Annual Percentage Rate (APR) to borrowers?
Question 19
Two siblings inherit a property and each holds an undivided interest with no right of survivorship. This form of co-ownership is called:
Question 20
A property owner has the right to use her land, sell it, lease it, or give it away. Together, these rights are commonly called the:
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Frequently asked questions
What topics does this real estate practice test cover?
The practice test covers real estate principles (property ownership, legal descriptions, fair housing, appraisal), contracts and agency (contract elements, agency duties, fiduciary obligations, purchase agreements), and real estate finance (mortgage types, federal lending laws, LTV, and amortization basics).
Is this the same as the real estate salesperson or broker exam?
No. These questions are for study practice only and are not official exam questions from any state real estate commission or exam provider. ExamsLib is not an official licensing authority. This practice test is a study tool to help you prepare.
How many questions are on the free practice test?
This free practice test contains 20 multiple-choice questions. A passing practice score is 70 percent or better (14 out of 20 correct).
Does this test cover state-specific real estate law?
The questions focus primarily on national real estate principles and practices rather than one specific state's laws. For state-specific content, review your state's licensing statutes and the state portion of your approved pre-licensing course materials.
Can I retake the practice test?
Yes. You can take the practice test as many times as you need. A different set of questions may be assembled on each attempt.
