[STUDY GUIDE] • HIGH-YIELD PRACTICE & REVIEW EDITION
National Real Estate Exam Questions &
Verified Answers for 2026/2027 Updated
Edition
Comprehensive Examination Question Bank • Concept Mapping
TOTAL QUESTIONS EXAM TOPICS ANSWERS
164 Questions 12 Modules 100% Verified
DOCUMENT OVERVIEW
This document contains 164 verified questions with correct answers related to real estate principles and practices. It is suitable
for individuals preparing for the National Real Estate Exam, providing essential insights into topics such as property laws,
contracts, and valuation methods, ensuring a comprehensive review for certification preparation.
EXAM BLUEPRINT & TOPIC DISTRIBUTION
Systematic breakdown of subject domains and exam coverage.
Topic Module Scope & Core Focus Questions Share (%)
Covers basic concepts and definitions essential for understanding
Real Estate Fundamentals real estate practices. 14 Qs 8.5%
Examines regulations and protections against discrimination in
Fair Housing Laws housing. 14 Qs 8.5%
Focuses on the elements, types, and enforceability of contracts in
Contracts in Real Estate real estate transactions. 14 Qs 8.5%
Real Estate Valuation Methods Discusses various approaches to valuing real estate properties. 14 Qs 8.5%
Explores the roles and responsibilities of agents and brokers in real
Agency Relationships estate transactions. 14 Qs 8.5%
Covers the principles of mortgage loans and financing options
Mortgages and Financing available in real estate. 14 Qs 8.5%
Examines different types of ownership, rights, and interests in real
Property Rights and Ownership estate. 14 Qs 8.5%
Confidential • Student Study Edition • Practice & Review Guide Page 1 of 32
,STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
Focuses on the processes and legalities involved in buying and
Real Estate Transactions selling property. 14 Qs 8.5%
Discusses environmental considerations and hazards associated with
Environmental Hazards real estate. 13 Qs 7.9%
Appraisal Concepts Covers methods and principles of property appraisal. 13 Qs 7.9%
Examines legal responsibilities and liabilities in real estate,
Liabilities and Legal Considerations including fair housing compliance. 13 Qs 7.9%
Focuses on understanding market dynamics and property valuation
Market Analysis through market comparisons. 13 Qs 7.9%
Total Exam Coverage 12 Integrated Topic Modules 164 Qs 100.0%
TOPIC 1: REAL ESTATE FUNDAMENTALS
14 Questions • 8.5% of Exam • Covers basic concepts and definitions essential for understanding real estate practices.
QUESTION 1
In most cases, broker compensation, as a percentage of home price, falls somewhere between:
Answer: 5-7%.
QUESTION 2
A square bedroom measures 10 feet by 10 feet. What is the area of the room?
Answer: 100 Square feet.
QUESTION 3
The PHYSICAL characteristics of land are that land is indestructible, non-homogenous, and:
Answer: Immobile.
QUESTION 4
Which term describes the transfer of property from the current owner to another party by sale or
gift?*
Answer: Voluntary alienation.
Confidential • Student Study Edition • Practice & Review Guide Page 2 of 32
,STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
QUESTION 5
A property owner has the right to tell other people that they cannot trespass on their property.
What is this right called?
Answer: Right of exclusion.
QUESTION 6
Which appraisal method would an appraiser be most likely to use on an owner-occupied
residential home?
Answer: Sales comparison approach.
QUESTION 7
A property manager's PRIMARY responsibility to the owner is to:
Answer: Realize the highest return possible and maximize the owner's return on that investment.
QUESTION 8
Which of these is an easement that is attached to a piece of land, regardless of owner?
Answer: Easement appurtenant.
QUESTION 9
What type of permission allows an individual property to deviate from a specific provision of a
zoning ordinance?
Answer: Variance.
Confidential • Student Study Edition • Practice & Review Guide Page 3 of 32
, STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
QUESTION 10
Arturo is buying a house for $400,000. He will be making a down payment of 5%. He already
submitted a check for $2,000 as earnest money, which will be applied to the purchase. How much
will Arturo need to pay on closing day?
Answer: $18,000.
QUESTION 11
Which of these is a set of regulations pertaining to building design, materials, safety, sanitation,
and structure?
Answer: Building code.
QUESTION 12
An executory contract is a contract that:
Answer: Has not yet been fully performed.
QUESTION 13
What civil rights law prohibits discrimination based on disability, and creates consistent and
enforceable standards regarding discrimination based on disability?
Answer: Americans with Disabilities Act.
QUESTION 14
Joel was told by a lender the highest leverage he could achieve was a loan-to-value ratio of 75%.
His loan principal is $315,000. What is the total purchase price?
Answer: $420,000.
TOPIC 2: FAIR HOUSING LAWS
14 Questions • 8.5% of Exam • Examines regulations and protections against discrimination in housing.
Confidential • Student Study Edition • Practice & Review Guide Page 4 of 32
National Real Estate Exam Questions &
Verified Answers for 2026/2027 Updated
Edition
Comprehensive Examination Question Bank • Concept Mapping
TOTAL QUESTIONS EXAM TOPICS ANSWERS
164 Questions 12 Modules 100% Verified
DOCUMENT OVERVIEW
This document contains 164 verified questions with correct answers related to real estate principles and practices. It is suitable
for individuals preparing for the National Real Estate Exam, providing essential insights into topics such as property laws,
contracts, and valuation methods, ensuring a comprehensive review for certification preparation.
EXAM BLUEPRINT & TOPIC DISTRIBUTION
Systematic breakdown of subject domains and exam coverage.
Topic Module Scope & Core Focus Questions Share (%)
Covers basic concepts and definitions essential for understanding
Real Estate Fundamentals real estate practices. 14 Qs 8.5%
Examines regulations and protections against discrimination in
Fair Housing Laws housing. 14 Qs 8.5%
Focuses on the elements, types, and enforceability of contracts in
Contracts in Real Estate real estate transactions. 14 Qs 8.5%
Real Estate Valuation Methods Discusses various approaches to valuing real estate properties. 14 Qs 8.5%
Explores the roles and responsibilities of agents and brokers in real
Agency Relationships estate transactions. 14 Qs 8.5%
Covers the principles of mortgage loans and financing options
Mortgages and Financing available in real estate. 14 Qs 8.5%
Examines different types of ownership, rights, and interests in real
Property Rights and Ownership estate. 14 Qs 8.5%
Confidential • Student Study Edition • Practice & Review Guide Page 1 of 32
,STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
Focuses on the processes and legalities involved in buying and
Real Estate Transactions selling property. 14 Qs 8.5%
Discusses environmental considerations and hazards associated with
Environmental Hazards real estate. 13 Qs 7.9%
Appraisal Concepts Covers methods and principles of property appraisal. 13 Qs 7.9%
Examines legal responsibilities and liabilities in real estate,
Liabilities and Legal Considerations including fair housing compliance. 13 Qs 7.9%
Focuses on understanding market dynamics and property valuation
Market Analysis through market comparisons. 13 Qs 7.9%
Total Exam Coverage 12 Integrated Topic Modules 164 Qs 100.0%
TOPIC 1: REAL ESTATE FUNDAMENTALS
14 Questions • 8.5% of Exam • Covers basic concepts and definitions essential for understanding real estate practices.
QUESTION 1
In most cases, broker compensation, as a percentage of home price, falls somewhere between:
Answer: 5-7%.
QUESTION 2
A square bedroom measures 10 feet by 10 feet. What is the area of the room?
Answer: 100 Square feet.
QUESTION 3
The PHYSICAL characteristics of land are that land is indestructible, non-homogenous, and:
Answer: Immobile.
QUESTION 4
Which term describes the transfer of property from the current owner to another party by sale or
gift?*
Answer: Voluntary alienation.
Confidential • Student Study Edition • Practice & Review Guide Page 2 of 32
,STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
QUESTION 5
A property owner has the right to tell other people that they cannot trespass on their property.
What is this right called?
Answer: Right of exclusion.
QUESTION 6
Which appraisal method would an appraiser be most likely to use on an owner-occupied
residential home?
Answer: Sales comparison approach.
QUESTION 7
A property manager's PRIMARY responsibility to the owner is to:
Answer: Realize the highest return possible and maximize the owner's return on that investment.
QUESTION 8
Which of these is an easement that is attached to a piece of land, regardless of owner?
Answer: Easement appurtenant.
QUESTION 9
What type of permission allows an individual property to deviate from a specific provision of a
zoning ordinance?
Answer: Variance.
Confidential • Student Study Edition • Practice & Review Guide Page 3 of 32
, STUDENT STUDY & MASTERY EDITION PRACTICE & REVIEW GUIDE
QUESTION 10
Arturo is buying a house for $400,000. He will be making a down payment of 5%. He already
submitted a check for $2,000 as earnest money, which will be applied to the purchase. How much
will Arturo need to pay on closing day?
Answer: $18,000.
QUESTION 11
Which of these is a set of regulations pertaining to building design, materials, safety, sanitation,
and structure?
Answer: Building code.
QUESTION 12
An executory contract is a contract that:
Answer: Has not yet been fully performed.
QUESTION 13
What civil rights law prohibits discrimination based on disability, and creates consistent and
enforceable standards regarding discrimination based on disability?
Answer: Americans with Disabilities Act.
QUESTION 14
Joel was told by a lender the highest leverage he could achieve was a loan-to-value ratio of 75%.
His loan principal is $315,000. What is the total purchase price?
Answer: $420,000.
TOPIC 2: FAIR HOUSING LAWS
14 Questions • 8.5% of Exam • Examines regulations and protections against discrimination in housing.
Confidential • Student Study Edition • Practice & Review Guide Page 4 of 32
