Real Estate Agent License Practice Test

Generally, you can expect that your state Real Estate Agent License Exam will consist of 80-100 multiple-choice questions about general real estate concepts (like the questions in this test preparation product), and 60-80 questions specific to state licensing laws. Most states administer the tests in two parts, and require that the candidate pass both.

The general part of the Exam is broken into several categories, similar to the categories you will see in this sample practice test below. The sample was written by Karen Bohler, Real Instructor, Broker and Curriculum Developer. The sample includes just 1 question per section.

For all 300 Questions with complete sections check out the Real Estate Agent License Practice Exam - to help you pass your State Real Estate Agent License Exam the first time. .

Real Property Characteristics

1.	Personal property that, by its attachment to real property, is regarded as real estate is called _____________.
		a. an emblement
		b. personalty
		c. a fixture
		d. an appliance

Real Property Rights

2.	What is the main purpose of police power?
		a. To protect the health, safety, and welfare of the community.
		b. To prevent people from committing crimes.
		c. To put out fires.
		d. To make sure the property owners and citizens know their place.

Freehold Estates

3.	If a person has complete control over their property, and the ownership in the property is not defeasible, what interest does the person have in the property?
		a. fee conditional estate
		b. fee simple estate
		c. life estate
		d. defeasible fee estate

Real Estate Ownership

4.	Which of the following is the difference between the value of a property and the total amount of liens against the property?
		a. investment
		b. basis
		c. down payment
		d. equity

Land Description

5.	A metes-and -bounds legal description _____________.
		a. can be created only for areas excluded from the rectangular survey system
		b. is not acceptable in a court in most jurisdictions
		c. must commence and finish at the same identifiable point
		d. is used only in extreme cases where there is no recorded subdivision plats

Non-monetary Encumbrances

6.	Your neighbors use a portion of your property to reach their guest apartment, which is on their property. As far as you can recall, you never gave them permission to use your property, and you discuss with your attorney the possibility of preventing the neighbors from using your property. Your attorney explains that the ownership of the neighbors' real estate includes an easement appurtenant giving them the right to use that portion of your property. Your property is the _____________.
		a. leasehold interest
		b. dominant tenement
		c. servient tenement
		d. license property

Government Restrictions

7.	There are no nationwide or statewide zoning laws.
		a. True.
		b. False.

Real Property Liens

8.	What is the difference between a specific lien and a general lien?
		a. A specific lien is secured by a specific piece of property, and a general lien is secured by the collective assets of the person against whom the lien is held.
		b. A general lien is secured by a specific piece of property, and a specific lien is secured by the collective assets of the person against whom the lien is held.
		c. Specific liens require collateral, and general liens do not.
		d. General liens require collateral, and specific liens do not.

Agency

9.	All of the following are agency relationships EXCEPT _____________.
		a. the attorney-client relationship
		b. the real estate salesperson-buyer relationship
		c. the real estate broker-buyer relationship
		d. the listing broker-seller relationship
		e. None of the above � they all have agency relationships

Real Estate Brokerage

10.	A broker collects a non-refundable fee from the seller when the listing is signed to cover the advertising of the property for sale. Such a fee is called an "advance fee" and is considered trust funds.
		a. True.
		b. False.

Listings and Buyer Agency Agreements

11.	Selma lists her property with XYZ Realty, ABC Realty, and MNO Realty. In each listing agreement, Selma has agreed to pay a commission to the listing firm only if that firm finds a ready, willing and able buyer and a sale is consummated. This type of listing is _____________.
		a. an exclusive agency listing
		b. an open listing
		c. an exclusive right-to-sell listing
		d. an MLS listing

Contract Law

12.	The law in all states provides that contracts for the sale of real estate or an interest in real estate are unenforceable unless they are in writing and signed by the parties. What law is this?
		a. Statute of Limitations
		b. Statute of Estoppel
		c. Statute of Real Estate
		d. Statute of Frauds

Transfer of Title

13.	The legal act of transferring ownership, or the intention to have a deed be operative and effective is manifested by _____________ of the deed.
		a. delivery
		b. acceptance
		c. notary
		d. recording

Financing Principles

14.	A lender is required under the Truth-in-Lending Act (Regulation Z) to furnish an applicant for a real estate loan with a copy of a _____________. This document must be given to the borrower before the borrower can be obligated to repay the loan.
		a. amortization schedule
		b. disclosure statement
		c. deed
		d. financial statement

Property Management

15.	_____________ is NOT part of the property manager's responsibilities.
		a. Fairness and honesty
		b. Keeping up with rental rates in the area
		c. Telling the owner the market value of the building
		d. Keeping up with vacancies

Leases

16.	Robin rents a unit from owner Joaquin. Therefore _____________.
		a. Joaquin is the lessee and Robin is the lessor
		b. Joaquin is the lessor and Robin is the lessee
		c. Robin is a lessor and Joaquin is a landlord
		d. Joaquin is a lessee and Robin is a tenant

Appraisal

17.	The principal of appraisal that dictates that home values tend to increase when demand increases is the principle of _____________.
		a. progression
		b. substitution
		c. regression
		d. supply and demand

Investment Analysis

18.	Investing can best be defined as _____________.
		a. giving up present spending in exchange for future benefits
		b. buying real estate for all cash
		c. saving for future consumption
		d. revenue exceeding costs

Real Property Environmental Issues

19.	The process that involves covering a landfill with two to four feet of clay-like soil and planting grass on the soil is the process of _____________.
		a. soiling
		b. capping
		c. chipping
		d. remediation

Settlement

20.	Which of the following is the standard real estate settlement form for federally-related mortgage loans?
		a. good faith estimate settlement statement
		b. Truth in Lending disclosure statement
		c. HUD -1 settlement statement
		d. Regulation Z settlement statement

21.	The illegal and discriminatory practice of _____________ occurs when one person induces another to enter into a real estate transaction by insinuating that the real property values in neighborhood will decline as a result of a member of a protected class buying property in that neighborhood.
		a. blockbusting
		b. redlining
		c. boycotting
		d. neighborhood canvassing