100 Free National Real Estate Practice Test Questions

Yes. After each question, you'll see whether you got it right, the correct answer, and an explanation.

When you finish, you'll get a score broken down by topic so you know where to focus your studying.

Yes. Once you enter your email, you can take the exam as many times as you like. Your results will not be saved, but you can retake it to keep practicing.

Didn't get every answer right? Lexawise has everything you need to pass your license exam, updated to your state's current laws.

Avoid surprises on exam day. Get started with our full prep.

The real estate exam covers all the essentials you'll need to know to become a real estate agent or licensed broker. Think real estate ownership, state laws, contracts, financing, and even some ethical practices to keep you on the straight and narrow. You'll also face questions on real estate principles, agency laws, and yes, some math.

We won't lie to you, real estate math can be tricky, but with the right prep you can pass this exam category.

1. Property Ownership

Understanding who owns what—and the rights that come with it. You must understand the different types of estates like Freehold estates and less than freehold estates:

• Bundle of Rights
• Real vs. Personal Property
• Fixtures
• Emblements
• Encroachment
• Freehold vs. Leasehold Estates

2. Land Use Controls & Regulation

Rules that dictate how land can be used, this includes topics like:

• Zoning Laws
• Building Codes
• Environmental Regulations

3. Valuation & Market Analysis

How to figure out what a property is worth:

• Depreciation Types
• Appraisal Approaches:
  • Cost Approach
  • Market Approach
  • Income Approach
• Assemblage/Plottage

4. Financing

Loans, mortgages, and closing the deal.

• Mortgage Types: Fixed-rate mortgage, adjustable-rate mortgage, etc.
• Mortgagor vs. Mortgagee
• Government-Backed Loans: FHA, VA, etc.
• Closing Process

5. Agency

Who represents whom (and the rules they follow):

• Agency Relationships:
  • Dual Agency
  • Universal vs. Special Agency
  • Key terms: Principal, Attorney-in-Fact, etc.

6. Contracts

Legally binding agreements—get these right:

• Essential elements of a valid contract
• Voidable, Void, and Valid contracts
• Listings: Exclusive Right to sell, Exclusive Agency, Net Listing, and Open Listing
• Types of contracts:
  • Land Contract
  • Option Contract
  • Implied Contract

7. Property Disclosure

What sellers must tell buyers.

• Mandatory Disclosures
• Environmental Hazards

8. Transfer of Property

How ownership changes hands.

• Ethics & Fair Housing
• Advertising Rules
• Trust Accounts

9. Real Estate Math (Except in California)

• Commissions
• Loan Calculations: Interest, amortization, and down payments.
• Calculations related to property area

* Note: Math-heavy questions vary by state—California's exam, for example, has very little math.

10. Practice of Real Estate

The day-to-day rules of being an agent.

• Antidiscrimination Laws: Fair Housing, ADA compliance.
• Broker Supervision
• Agent Fiduciary Duties

* The exact topics can vary depending on your state, so make sure your test prep is state-specific like Lexawise!