2019 Edition

Real Estate Agent Practice Test

Take this free practice test to see how prepared you are for a real estate agent certifying exam. All states require real estate agents to be licensed by the state to engage in the sale of real estate. The tests cover such subjects as forms of ownership, physical descriptions, valuation and regulation.

For all 300 Questions with complete sections check out the Real Estate Agent License Practice Exam - it will help you pass your State Real Estate Agent License Exam the first time.  The Real Estate Broker Practice Exam is also available.  Also available: California Real Estate Practice Exam and the Florida Real Estate Practice Exam.

1. As a seller's agent, you sell a house for $135,000. The selling price includes the standard six percent commission rate your brokerage charges. The buyer's agent will get half the commission. What is your portion of the commission?
2. The zoning laws in your town require an apartment building to provide two and a half parking spaces for every 1,000 square feet of inhabited space. A local apartment building has 20,000 square feet of apartments. How many parking spaces should it have?
3. The presence of lead paint in a home must only be disclosed if the home is being purchased using an FHA loan.
4. Of the many expenses involved with owning a house, which of the following are tax-deductible?
Real Estate Agent Practice Test
5. The monthly net income on an investment of $115,000 if the rate of return is 12 ½ percent is _____________.
6. You sell a home for a client where the down payment was $30,000 with a loan of $125,000 at 3.7% interest with a term of 30 years fixed. The mortgagor's monthly payment is $1,219. What is the loan to value ratio?
7. You can only legally receive a commission from your employer.
8. An offer comes in on a house you are listing, but it does not have an escrow check. What should you do?
9. The Real Estate Settlement Procedure Act (RESPA) applies to what types of real estate transactions?
10. If a deed is valid it must be:
11. An agent, broker or lender who is "blockbusting" is trying to scare owners in a neighborhood into selling their property.
12. A buyer is applying for an ARM loan. How do the payments on such a loan change?
13. How much time must the parties to a real estate closing be given to review the HUD statement?
14. Which of the following is considered a good balance between the supply of and demand for apartments?
15. You are trying to price a property. Five years ago it was sold for $125,000, but property values in this particular neighborhood have decreased by an average of 5 percent since then. What is the rough value of this property?
16. A homeowner has a mortgage with a fixed interest rate. Under what circumstances would her payments change?
17. It is legal for you to work for more than one broker at a time, as long as you disclose any conflicts of interest.
18. Which of the following types of discrimination are prohibited by the Fair Housing Act of 1968?
19. You receive an offer on a listing and an escrow check. Your client accepts the offer. What should you do with the escrow check?
20. A valid real estate contract must contain which of the following elements?
21. You can only appraise a listing if you are a certified appraiser, unless it is a residential property and you are appraising it for listing purposes only.
22. A basic owner's title insurance policy will cover all of the following except ________________.
23. What must a homeowner in foreclosure do to exercise his right of redemption?
24. Which of the following types of mortgages will probably have the lowest initial interest rate?
25. A woman is deeding her mortgage-free house to her son. Is the deed required to show "good consideration" to be valid in this case?

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:

Real Estate Broker Practice Test

California Real Estate Agent Exam (CalDRE)

FL Real Estate Sales Associate Exam

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