6/12/25, 2:33 PM Real Estate Practice Exam Questions
REAL ESTATE PRACTICE EXAM 2025-2026 \ACTUAL EXAM
WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS \\VERIFIED ANSWERS ALREADY GRADED A+
1. Brokerage definition... the business practice of bringing together the parties in a
practice.
2. What are two examples of schools and cemetary
special use property?
3. What is an example of bathroom
functional obsolescence?
a consumer of real estate services who has entered into
4. Principal definition...
an agency relationship with a broker or another
licensee employed by a broker.
5. Capitalization definition... the process of determining the present value of a property from
it's future income.
6. What is the salespersons Inform the buyer
obligation to a buyer under
single agency listing?
8. All are examples of real factories
estate except...
9. What is homeowners Insurance to protect owners from fires and other etc.
insurance?
the type of agency in which the principal authorizes the
10. Special agent definition...
agent to represent the agent in "one specific
transaction or business activity"
11. Which is not used to Gross Rent Multiplier Method
determine cost approach to
estimate value?
-Quantity Survey Method
-Unit-in-Place Method
1/8
, 6/12/25, 2:30 PM NBHWC Exam prep questions
-Square Foot Method
-Gross Rent Multiplier Method
the unlawful act of keeping a buyer away from certain
What is steering?
communities or guiding them to purchase in certain
communities.
15. Entitlement to commission Except when listing broker does not disclose information
when transaction is not
consummated.
16. Can a salesperson give No, not unless they are an attorney.
legal advice?
17. Who determines the An agreement between the owner and broker
commission in a listing
contract?
19. All are typical duties Investing profits
of a property manager
with the exception of...
20. Transfer tax is typically Buyer and seller
paid by for by whom?
An illegal real estate practice caused by inciting fear and
21. Blockbusting definition... panic selling by suggesting that persons of minority
background are or may be moving into an area or that
the majority of residents are moving out of an area.
23. Special agency listing n/a
definition...
a type of listing in which a seller desires to sell real property and
25. Net listing definition... receive a
guaranteed amount of money for the sale, so that the
broker's commission is any sale price amount of
money over and above the guaranteed price to the
seller.
26. The main factor a can they make monthly rent payments on time.
property manager should
use to evaluate a
prospective
/ 2/8
REAL ESTATE PRACTICE EXAM 2025-2026 \ACTUAL EXAM
WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS \\VERIFIED ANSWERS ALREADY GRADED A+
1. Brokerage definition... the business practice of bringing together the parties in a
practice.
2. What are two examples of schools and cemetary
special use property?
3. What is an example of bathroom
functional obsolescence?
a consumer of real estate services who has entered into
4. Principal definition...
an agency relationship with a broker or another
licensee employed by a broker.
5. Capitalization definition... the process of determining the present value of a property from
it's future income.
6. What is the salespersons Inform the buyer
obligation to a buyer under
single agency listing?
8. All are examples of real factories
estate except...
9. What is homeowners Insurance to protect owners from fires and other etc.
insurance?
the type of agency in which the principal authorizes the
10. Special agent definition...
agent to represent the agent in "one specific
transaction or business activity"
11. Which is not used to Gross Rent Multiplier Method
determine cost approach to
estimate value?
-Quantity Survey Method
-Unit-in-Place Method
1/8
, 6/12/25, 2:30 PM NBHWC Exam prep questions
-Square Foot Method
-Gross Rent Multiplier Method
the unlawful act of keeping a buyer away from certain
What is steering?
communities or guiding them to purchase in certain
communities.
15. Entitlement to commission Except when listing broker does not disclose information
when transaction is not
consummated.
16. Can a salesperson give No, not unless they are an attorney.
legal advice?
17. Who determines the An agreement between the owner and broker
commission in a listing
contract?
19. All are typical duties Investing profits
of a property manager
with the exception of...
20. Transfer tax is typically Buyer and seller
paid by for by whom?
An illegal real estate practice caused by inciting fear and
21. Blockbusting definition... panic selling by suggesting that persons of minority
background are or may be moving into an area or that
the majority of residents are moving out of an area.
23. Special agency listing n/a
definition...
a type of listing in which a seller desires to sell real property and
25. Net listing definition... receive a
guaranteed amount of money for the sale, so that the
broker's commission is any sale price amount of
money over and above the guaranteed price to the
seller.
26. The main factor a can they make monthly rent payments on time.
property manager should
use to evaluate a
prospective
/ 2/8
