Real Estate Agent License Practice Test

This Free Real Estate Agent License Practice Test will give you an idea of the types of questions and sections on your actual exam.

Real Property Characteristics

1. Real property given in a will is referred to as a _____________.

Real Property Rights

2. Many states determine the order of water rights by a "first-in-time -first-in right" theory. The person or entity who requests use of the water source first is granted water rights to the source. This theory is called _____________.

Freehold Estates

3. A covenant that becomes part of the property rights and binds successive property owners is a covenant that _____________.
4. 75-year-old Norman conveyed ownership of his home and land to his son Craig, but retained all property rights for the duration of his own life. Which of the following statements is FALSE?

Real Estate Ownership

5. The principal benefit of joint tenancy is the right of _____________.
6. Which of the following terms means "ownership by one person"?

Land Description

7. Joni owns a parcel of property that is ¼ mile wide by ¼ mile long. How many acres does Joni own?

Non-monetary Encumbrances

8. What happens to property when the owner dies without heirs?
9. What type of easement runs with the land?

Government Restrictions

10. Zoning classifications include residential use, commercial use, industrial use and _____________.

Real Property Liens

11. Judgment liens are _____________ liens.

Agency

12. All of the following are essential elements of an agency agreement EXCEPT _____________.

Real Estate Brokerage

13. A real estate sales agent who prepares a written listing agreement with a seller is helping to create a contractual relationship between the _____________.

Listings and Buyer Agency Agreements

14. Which clause declares the listing to be the complete and final agreement between the parties?
15. Which of the following events will automatically terminate a buyer agency contract?

Contract Law

16. Which of the following is pre-determined compensation that may be due to the seller if the buyer defaults on a real estate purchase contract?

Transfer of Title

17. A deed of conveyance that has neither express nor implied warranties associated with it and operates to release whatever interest the grantor has in the property is called a _____ deed.

Financing Principles

18. The provision in a promissory note that gives the lender the right to call the entire balance due upon a default in any payment is called _____________.

Property Management

19. Just as the property manager has duties specified in the property management agreement, so does the property owner. Those duties include all of the following EXCEPT _____________.

Leases

20. A covenant that assures tenants that they will have peaceful possession of the property, free of interference from the acts or claims of the owner or certain third parties claiming rights through the owner is the _____________.

Appraisal

21. The market (sales comparison) approach would be MOST appropriate for establishing the value of which of the following?

Investment Analysis

22. With regard to investment property, which of the following is TRUE?

Real Property Environmental Issues

23. Once used as insulation, this hazardous material was banned in 1978 for all new construction.

Settlement

24. Which of the following is the standard real estate settlement form for federally-related mortgage loans?

Real Property Characteristics

25. The Real Estate Settlement Procedures Act (RESPA) regulations apply to _____________.

Real Estate Agent License Practice Test Kit

Real estate sales agents must be licensed in every state, and licensure is generally earned with the successful completion of an exam. Licensure is granted by the state’s real estate commission or real estate department.  To learn more about licensing and testing, see our Real Estate Agent Test Guide.

Real Estate Agent Licensing Guides by State:


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