REAL-ESTATE-SALESPERSON-LICENSING-EXAM: NATIONAL PORTION REAL ESTATE
PRINCIPLES & LAW | REAL EXAM QUESTIONS AND CORRECT ANSWERS 206/2027
(PASS GUARANTEE)
REAL ESTATE SALESPERSON LICENSING EXAM
REAL EXAM QUESTIONS AND ANSWERS | UPDATED 2026/2027
COMPLETE STUDY GUIDE | PROPERTY LAW | AGENCY | CONTRACTS | FINANCE
FAIR HOUSING | APPRAISAL | CLOSING | LICENSE LAW
FULLY VERIFIED CORRECT ANSWERS | PASS YOUR STATE EXAM WITH CONFIDENCE
.
1. Which of the following best describes the term 'real property'?
A. Personal belongings of the homeowner
B. Land and everything permanently attached to it
C. Moveable fixtures inside a building
D. Only the structures built on the land
2. A buyer's agent owes fiduciary duties primarily to whom?
A. The seller
B. The listing broker
C. The buyer
D. The state real estate commission
3. When a property owner dies intestate, what does this mean?
A. The owner left a valid will
B. The owner died with debts
C. The owner died without a will
D. The property is held in trust
4. What is the primary purpose of a title search?
, A. To determine the market value of the property
B. To uncover any liens, encumbrances, or defects in title
C. To calculate the property tax owed
D. To assess the physical condition of the property
5. An easement appurtenant benefits:
A. A specific individual, regardless of ownership
B. The general public
C. A neighboring parcel of land
D. Only the original grantor
6. What type of listing gives only one broker the right to sell, but the owner retains
the right to sell without paying a commission?
A. Exclusive right to sell
B. Open listing
C. Exclusive agency listing
D. Net listing
7. Which document transfers title of real property from the seller to the buyer?
A. Purchase agreement
B. Mortgage note
C. Deed
D. Title insurance policy
8. A property listed at $250,000 sells for $240,000. The commission rate is 6%.
What is the total commission earned?
A. $14,400
B. $15,000
C. $12,000
D. $16,000
9. What is the term for the borrower's promise to repay a loan in a mortgage
transaction?
A. Deed of trust
B. Promissory note
C. Mortgage lien
D. Title commitment
10. Which of the following is an example of personal property?
A. A built-in bookcase
B. A freestanding refrigerator
, C. A fence permanently installed on the lot
D. Mature landscaping planted in the ground
11. A contract that has been signed by both parties but not yet fully performed is
called:
A. Executed
B. Void
C. Executory
D. Voidable
12. Under the Fair Housing Act, which of the following is NOT a protected class?
A. Race
B. Religion
C. Occupation
D. National origin
13. The right of the government to take private property for public use is known as:
A. Escheat
B. Police power
C. Eminent domain
D. Taxation
14. Which of the following best describes 'blockbusting'?
A. Refusing to show properties in certain neighborhoods
B. Inducing homeowners to sell by implying that minority groups are moving
into the area
C. Requiring buyers to use specific lenders
D. Steering buyers toward specific neighborhoods
15. In a deed of trust, who holds legal title during the loan repayment period?
A. Borrower (trustor)
B. Lender (beneficiary)
C. Trustee
D. Title insurance company
16. What does the term 'net listing' mean?
A. A listing that covers multiple properties
B. A listing where the broker keeps everything above a set price as commission
C. A listing shared among multiple brokers
D. A listing where no commission is charged
, 17. Which of the following is required for a valid deed?
A. Notarization
B. Recording
C. Competent grantor
D. Consideration paid by grantee
18. What is 'steering' in the context of fair housing?
A. Directing buyers toward or away from neighborhoods based on protected
class characteristics
B. Negotiating a lower sales price on behalf of a buyer
C. Advising sellers on the best listing price
D. Guiding a buyer through the mortgage process
19. A homeowner association (HOA) fee is an example of what kind of lien?
A. Voluntary lien
B. General lien
C. Specific lien
D. Mechanic's lien
20. What is the primary purpose of zoning ordinances?
A. To determine property taxes
B. To regulate land use and development
C. To establish property boundaries
D. To protect homeowners from fraud
21. Which type of mortgage features a fixed interest rate throughout the entire loan
term?
A. Adjustable-rate mortgage (ARM)
B. Balloon mortgage
C. Conventional fixed-rate mortgage
D. Interest-only mortgage
22. An agent who represents both the buyer and seller in the same transaction is
called a:
A. Subagent
B. Buyer's agent
C. Dual agent
D. Designated agent
23. In which type of ownership do all owners have an equal and undivided interest
with no right of survivorship?
PRINCIPLES & LAW | REAL EXAM QUESTIONS AND CORRECT ANSWERS 206/2027
(PASS GUARANTEE)
REAL ESTATE SALESPERSON LICENSING EXAM
REAL EXAM QUESTIONS AND ANSWERS | UPDATED 2026/2027
COMPLETE STUDY GUIDE | PROPERTY LAW | AGENCY | CONTRACTS | FINANCE
FAIR HOUSING | APPRAISAL | CLOSING | LICENSE LAW
FULLY VERIFIED CORRECT ANSWERS | PASS YOUR STATE EXAM WITH CONFIDENCE
.
1. Which of the following best describes the term 'real property'?
A. Personal belongings of the homeowner
B. Land and everything permanently attached to it
C. Moveable fixtures inside a building
D. Only the structures built on the land
2. A buyer's agent owes fiduciary duties primarily to whom?
A. The seller
B. The listing broker
C. The buyer
D. The state real estate commission
3. When a property owner dies intestate, what does this mean?
A. The owner left a valid will
B. The owner died with debts
C. The owner died without a will
D. The property is held in trust
4. What is the primary purpose of a title search?
, A. To determine the market value of the property
B. To uncover any liens, encumbrances, or defects in title
C. To calculate the property tax owed
D. To assess the physical condition of the property
5. An easement appurtenant benefits:
A. A specific individual, regardless of ownership
B. The general public
C. A neighboring parcel of land
D. Only the original grantor
6. What type of listing gives only one broker the right to sell, but the owner retains
the right to sell without paying a commission?
A. Exclusive right to sell
B. Open listing
C. Exclusive agency listing
D. Net listing
7. Which document transfers title of real property from the seller to the buyer?
A. Purchase agreement
B. Mortgage note
C. Deed
D. Title insurance policy
8. A property listed at $250,000 sells for $240,000. The commission rate is 6%.
What is the total commission earned?
A. $14,400
B. $15,000
C. $12,000
D. $16,000
9. What is the term for the borrower's promise to repay a loan in a mortgage
transaction?
A. Deed of trust
B. Promissory note
C. Mortgage lien
D. Title commitment
10. Which of the following is an example of personal property?
A. A built-in bookcase
B. A freestanding refrigerator
, C. A fence permanently installed on the lot
D. Mature landscaping planted in the ground
11. A contract that has been signed by both parties but not yet fully performed is
called:
A. Executed
B. Void
C. Executory
D. Voidable
12. Under the Fair Housing Act, which of the following is NOT a protected class?
A. Race
B. Religion
C. Occupation
D. National origin
13. The right of the government to take private property for public use is known as:
A. Escheat
B. Police power
C. Eminent domain
D. Taxation
14. Which of the following best describes 'blockbusting'?
A. Refusing to show properties in certain neighborhoods
B. Inducing homeowners to sell by implying that minority groups are moving
into the area
C. Requiring buyers to use specific lenders
D. Steering buyers toward specific neighborhoods
15. In a deed of trust, who holds legal title during the loan repayment period?
A. Borrower (trustor)
B. Lender (beneficiary)
C. Trustee
D. Title insurance company
16. What does the term 'net listing' mean?
A. A listing that covers multiple properties
B. A listing where the broker keeps everything above a set price as commission
C. A listing shared among multiple brokers
D. A listing where no commission is charged
, 17. Which of the following is required for a valid deed?
A. Notarization
B. Recording
C. Competent grantor
D. Consideration paid by grantee
18. What is 'steering' in the context of fair housing?
A. Directing buyers toward or away from neighborhoods based on protected
class characteristics
B. Negotiating a lower sales price on behalf of a buyer
C. Advising sellers on the best listing price
D. Guiding a buyer through the mortgage process
19. A homeowner association (HOA) fee is an example of what kind of lien?
A. Voluntary lien
B. General lien
C. Specific lien
D. Mechanic's lien
20. What is the primary purpose of zoning ordinances?
A. To determine property taxes
B. To regulate land use and development
C. To establish property boundaries
D. To protect homeowners from fraud
21. Which type of mortgage features a fixed interest rate throughout the entire loan
term?
A. Adjustable-rate mortgage (ARM)
B. Balloon mortgage
C. Conventional fixed-rate mortgage
D. Interest-only mortgage
22. An agent who represents both the buyer and seller in the same transaction is
called a:
A. Subagent
B. Buyer's agent
C. Dual agent
D. Designated agent
23. In which type of ownership do all owners have an equal and undivided interest
with no right of survivorship?
