Real Estate License Exam 2026 | National & State
Practice Questions
Q1. Which type of property is considered real property?
A. Furniture
B. Vehicle
C. Land and permanently attached structures
D. Clothing
Answer: C
Rationale: Real property includes land and anything permanently attached to it.
Q2. A fiduciary duty requires an agent to act with:
A. Independence
B. Loyalty and trust
C. Profit maximization
D. Neutrality only
Answer: B
Rationale: Fiduciary duty includes loyalty, obedience, disclosure, and care.
Q3. What document transfers ownership of real estate?
A. Mortgage
B. Deed
C. Lease
D. Title insurance
Answer: B
Rationale: A deed legally transfers ownership of property.
Q4. The purpose of a listing agreement is to:
A. Transfer ownership
B. Authorize an agent to sell property
C. Record property taxes
,D. Approve mortgage loans
Answer: B
Rationale: It gives the broker authority to market and sell the property.
Q5. Which loan is NOT government-backed?
A. FHA
B. VA
C. Conventional
D. USDA
Answer: C
Rationale: Conventional loans are not insured or guaranteed by the government.
Q6. The statute of frauds requires real estate contracts to be:
A. Oral
B. Written
C. Verbal with witnesses
D. Notarized only
Answer: B
Rationale: Real estate agreements must be in writing to be enforceable.
Q7. A comparative market analysis (CMA) is used to determine:
A. Taxes
B. Insurance cost
C. Property value estimate
D. Loan approval
Answer: C
Rationale: CMA estimates market value based on similar properties.
Q8. What is an encumbrance?
A. Property improvement
B. A claim or restriction on property
C. A type of deed
, D. A rental agreement
Answer: B
Rationale: Encumbrances include liens, easements, or restrictions.
Q9. Which professional enforces real estate licensing laws?
A. Federal Reserve
B. State Real Estate Commission
C. IRS
D. Local police
Answer: B
Rationale: Each state has a real estate commission regulating licenses.
Q10. What does “appreciation” mean in real estate?
A. Property value decreases
B. Property value increases over time
C. Rental income
D. Loan reduction
Answer: B
Rationale: Appreciation is an increase in property value.
STATE/REGULATORY SECTION
Q11. A real estate license must typically be renewed every:
A. 1 year
B. 2–4 years (varies by state)
C. 10 years
D. Never
Answer: B
Rationale: Renewal periods vary, usually 2–4 years.
Q12. Which action is illegal in most states?
A. Disclosing defects
B. Steering buyers based on race
Practice Questions
Q1. Which type of property is considered real property?
A. Furniture
B. Vehicle
C. Land and permanently attached structures
D. Clothing
Answer: C
Rationale: Real property includes land and anything permanently attached to it.
Q2. A fiduciary duty requires an agent to act with:
A. Independence
B. Loyalty and trust
C. Profit maximization
D. Neutrality only
Answer: B
Rationale: Fiduciary duty includes loyalty, obedience, disclosure, and care.
Q3. What document transfers ownership of real estate?
A. Mortgage
B. Deed
C. Lease
D. Title insurance
Answer: B
Rationale: A deed legally transfers ownership of property.
Q4. The purpose of a listing agreement is to:
A. Transfer ownership
B. Authorize an agent to sell property
C. Record property taxes
,D. Approve mortgage loans
Answer: B
Rationale: It gives the broker authority to market and sell the property.
Q5. Which loan is NOT government-backed?
A. FHA
B. VA
C. Conventional
D. USDA
Answer: C
Rationale: Conventional loans are not insured or guaranteed by the government.
Q6. The statute of frauds requires real estate contracts to be:
A. Oral
B. Written
C. Verbal with witnesses
D. Notarized only
Answer: B
Rationale: Real estate agreements must be in writing to be enforceable.
Q7. A comparative market analysis (CMA) is used to determine:
A. Taxes
B. Insurance cost
C. Property value estimate
D. Loan approval
Answer: C
Rationale: CMA estimates market value based on similar properties.
Q8. What is an encumbrance?
A. Property improvement
B. A claim or restriction on property
C. A type of deed
, D. A rental agreement
Answer: B
Rationale: Encumbrances include liens, easements, or restrictions.
Q9. Which professional enforces real estate licensing laws?
A. Federal Reserve
B. State Real Estate Commission
C. IRS
D. Local police
Answer: B
Rationale: Each state has a real estate commission regulating licenses.
Q10. What does “appreciation” mean in real estate?
A. Property value decreases
B. Property value increases over time
C. Rental income
D. Loan reduction
Answer: B
Rationale: Appreciation is an increase in property value.
STATE/REGULATORY SECTION
Q11. A real estate license must typically be renewed every:
A. 1 year
B. 2–4 years (varies by state)
C. 10 years
D. Never
Answer: B
Rationale: Renewal periods vary, usually 2–4 years.
Q12. Which action is illegal in most states?
A. Disclosing defects
B. Steering buyers based on race
