REAL ESTATE BROKER LICENSING EXAM
QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) PLUS RATIONALES
2026 Q&A | INSTANT DOWNLOAD PDF
1. A broker lists a property and agrees to represent only the seller in
the transaction. This relationship is known as:
A. Dual agency
B. Transaction brokerage
C. Single agency
D. Designated agency
Single agency means the broker represents only one party in the
transaction.
2. Which type of listing gives the broker the greatest assurance of
receiving a commission?
A. Open listing
B. Net listing
C. Exclusive agency listing
D. Exclusive right-to-sell listing
An exclusive right-to-sell listing guarantees commission regardless
of who procures the buyer.
3. The primary purpose of a deed is to:
A. Transfer possession
B. Transfer title
C. Secure financing
, D. Provide property insurance
A deed is the written instrument used to transfer ownership of real
property.
4. Which form of ownership includes the right of survivorship?
A. Tenancy in common
B. Severalty
C. Joint tenancy
D. Community property without survivorship
Joint tenancy includes the right of survivorship among co-owners.
5. A broker who mixes client funds with personal funds is guilty of:
A. Conversion
B. Puffing
C. Commingling
D. Novation
Commingling occurs when trust funds are mixed with personal or
business funds.
6. Which legal description method uses lot and block numbers?
A. Metes and bounds
B. Government survey
C. Rectangular survey
D. Lot and block system
The lot and block system references recorded subdivision plats.
7. An easement appurtenant benefits:
A. A tenant
B. The government
C. Adjacent property
D. The lender
An easement appurtenant benefits a dominant estate.
, 8. The statute requiring certain contracts to be in writing is the:
A. Statute of limitations
B. Statute of frauds
C. Truth in Lending Act
D. Sherman Act
The statute of frauds requires real estate contracts to be written
to be enforceable.
9. A buyer makes an offer and later withdraws it before acceptance.
This is known as:
A. Assignment
B. Counteroffer
C. Novation
D. Revocation
An offer can be revoked before it is accepted.
10. Which loan has payments that change periodically based on
an index?
A. Fixed-rate mortgage
B. Balloon mortgage
C. Adjustable-rate mortgage
D. Straight loan
An adjustable-rate mortgage adjusts based on market indexes.
11. The fiduciary duty requiring loyalty means the broker must:
A. Disclose material defects
B. Act in the client’s best interest
C. Advertise honestly
D. Obey the law
Loyalty requires placing the client’s interests above all others.
12. A lien placed on property for unpaid taxes is:
A. Voluntary
QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) PLUS RATIONALES
2026 Q&A | INSTANT DOWNLOAD PDF
1. A broker lists a property and agrees to represent only the seller in
the transaction. This relationship is known as:
A. Dual agency
B. Transaction brokerage
C. Single agency
D. Designated agency
Single agency means the broker represents only one party in the
transaction.
2. Which type of listing gives the broker the greatest assurance of
receiving a commission?
A. Open listing
B. Net listing
C. Exclusive agency listing
D. Exclusive right-to-sell listing
An exclusive right-to-sell listing guarantees commission regardless
of who procures the buyer.
3. The primary purpose of a deed is to:
A. Transfer possession
B. Transfer title
C. Secure financing
, D. Provide property insurance
A deed is the written instrument used to transfer ownership of real
property.
4. Which form of ownership includes the right of survivorship?
A. Tenancy in common
B. Severalty
C. Joint tenancy
D. Community property without survivorship
Joint tenancy includes the right of survivorship among co-owners.
5. A broker who mixes client funds with personal funds is guilty of:
A. Conversion
B. Puffing
C. Commingling
D. Novation
Commingling occurs when trust funds are mixed with personal or
business funds.
6. Which legal description method uses lot and block numbers?
A. Metes and bounds
B. Government survey
C. Rectangular survey
D. Lot and block system
The lot and block system references recorded subdivision plats.
7. An easement appurtenant benefits:
A. A tenant
B. The government
C. Adjacent property
D. The lender
An easement appurtenant benefits a dominant estate.
, 8. The statute requiring certain contracts to be in writing is the:
A. Statute of limitations
B. Statute of frauds
C. Truth in Lending Act
D. Sherman Act
The statute of frauds requires real estate contracts to be written
to be enforceable.
9. A buyer makes an offer and later withdraws it before acceptance.
This is known as:
A. Assignment
B. Counteroffer
C. Novation
D. Revocation
An offer can be revoked before it is accepted.
10. Which loan has payments that change periodically based on
an index?
A. Fixed-rate mortgage
B. Balloon mortgage
C. Adjustable-rate mortgage
D. Straight loan
An adjustable-rate mortgage adjusts based on market indexes.
11. The fiduciary duty requiring loyalty means the broker must:
A. Disclose material defects
B. Act in the client’s best interest
C. Advertise honestly
D. Obey the law
Loyalty requires placing the client’s interests above all others.
12. A lien placed on property for unpaid taxes is:
A. Voluntary
