Get Ready for Real Estate Exam Success! 

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Steps to Success

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Step 1.

Study the "National" Portion


Regardless of where you are taking your real estate exam and what state you are testing for, these basic concepts are vital and are things you need to know to prepare.

Step 2.

Study Your State Portion


Find your state below and check out the materials and quizzes you will need to prepare for the state specific portion of your exam.

Step 3.

Become a Part of the Community


Join in on our Monday Meetup group study sessions. Can't join live? Don't worry I record them and you can always tune in later!


The quiz below has a question pool of over 950 questions. Take it as many times as you like and experience a new set of practice questions each time!

General Practice Test

General Practice Test

1 / 50

Karen, a broker at Big Blue Realty, received $10,000 earnest money from her client. Instead of depositing it into her brokerage trust account, she deposited it into her brokerage operating account instead. A few days later, she used the earnest money to pay her monthly business expenses. What is this known as?

2 / 50

Alienation in real estate could result from which of the following?

 

3 / 50

The City of Cleveland owns a fire station. They own the property:

4 / 50

The rule in the area where Broker Jamie's firm operates states that the broker has 3 business days to deposit earnest money into her trust account. This timing is determined by:

5 / 50

A sales agent goes door to door telling homeowners to list their properties with him. He tells them that minorities are moving into the neighborhood, and suggests that this may cause a decrease in value. What has the agent done:

 

6 / 50

Jessica had the radon levels in the home she is purchasing tested and found them to be elevated and concerning. What is believed to be caused by prolonged exposure to radon?

7 / 50

Usually written into a mortgage to allow the lender to accelerate or call the entire principal balance of the mortgage, plus accrued interest, when the payments become delinquent. This is called a/an:

8 / 50

The selling price of the home Linda is purchasing is $375,000. The lender is willing to loan 80 percent of the lesser of the purchase price or the appraised value. The appraisal comes in at $385,000. How much will the lender finance for Linda?

9 / 50

Karen learned that the value of her home as established by the assessor for the purpose of determining taxes was $412,000. This is known as the

10 / 50

Marla, a broker, is acting as a single agent working for a seller. She owes the buyer, a  customer, all of the following except:

11 / 50

An appraiser has been asked to appraise a unique and unusual property. In his report, he utilizes the following formula: replacement cost - depreciation + land value= value. Which method of appraisal is he using?

12 / 50

Kim has the power of attorney to handle all of her grandparents' financial deals, as well as sell their real estate. She is a(n)

13 / 50

Annie the appraiser has used both the cost approach to appraisal as well as the market data approach to arrive at the appraised value of a property. The process of ascertaining the value by comparing and evaluating values obtained from these two different valuation approaches is known as:

14 / 50

A sales agent solicits homeowners to list their properties by suggesting a wave of minorities is moving into the neighborhood. The salesperson is guilty of:

15 / 50

Fred is buying a home. His lender is examining all of his monthly expenses. The lender wants to know about his housing expenses, his student loan, his car payment and his monthly payments to his credit card issuer. His lender calculates the ratio of these as compared to his monthly gross income. What is this called?

16 / 50

Katherine is angry that she is being charged a special assessment tax on her property for recent street repaving. She refuses to pay the assessment. In order to collect the amount, the government can:

17 / 50

Sara, a broker, has taken a listing. What would she most likely be considered:

18 / 50

Which of the following is false?

19 / 50

Jacob lives in a title theory state where someone who gets a loan from a lender must transfer the property to the bank's holding company while the loan is being paid. What is the document called that accomplishes this?

20 / 50

A loan under which the mortgage payments pay all of the interest due but not enough of the principal to fully pay off the loan at the end of the loan term is called:

21 / 50

Which of the following statements is false?

22 / 50

Justin has a 90 day listing agreement with a seller client, Fred. On day 20 of the listing agreement, Fred is killed in a tragic car accident. What happens to the listing?

23 / 50

The theory that says a particular property achieves its maximum value when it is surrounded by properties that are similar in style, function and utility is called:

24 / 50

Every year, Tim pays taxes based upon a value that equals 35 percent of the actual value of his home. This is called the _________ value.

25 / 50

A permit obtained from the local zoning authority allowing the holder to use property or build a structure in a way that violates the zoning ordinance is called a:

26 / 50

Which of these agencies is NOT part of the secondary mortgage market?

27 / 50

The amount of money that a lender requires a purchaser to pay toward the purchase price:

28 / 50

The fiduciary duty of loyalty requires that:

29 / 50

An appraisal is

30 / 50

Which of the following would a buyer most prefer to receive:

31 / 50

In order to modernize his store, Mr. Jones borrowed $34,000 at 6.5 percent. If he repaid principal and interest in one payment at the end of 18 months, what was the total amount that he paid?

 

 

32 / 50

James is buying shares of stock in a corporation that owns an apartment building he would like to live in. He will be given a proprietary lease as a result. What does this describe?

33 / 50

A ___________ is an examination of public records to determine and confirm a property's legal ownership, and learn what claims or liens are on the property.

34 / 50

A poorly maintained house in need of substantial repairs located in a high resale value, sought after neighborhood:

35 / 50

Emma's land is ___________, in other words, it has no access to the road

36 / 50

A method for financing commercial or industrial properties in which a company constructs the building then becomes a tenant by selling the building to an investor. This is called a/an:

37 / 50

Jackson Street has had new storm drains installed. What will the property owner pay in addition to the standard property taxes?

38 / 50

Which of the following is not considered part of the "bundle of rights" of property ownership:

39 / 50

A bank runs a credit check on Samantha and also checks her debts and employment history. When they are satisfied that she is qualified to borrow to buy a home, they issue her a:

40 / 50

A salesperson earns a commission of $8,000 in sale of a property worth $120,000. What is the commission rate?

41 / 50

________________ in real estate is notice that is given to the public via recorded documents about interests and rights in real estate. Every member of the public is expected to know about these recorded documents and what is in them, even if they haven't actually read the documents themselves.

42 / 50

A real estate agent has taken a listing on 125 South Street. In this case, the agent is likely a/an _________ agent

43 / 50

The definition of market value is

44 / 50

Christopher defaults on his mortgage loan and the mortgagee sues him to obtain a judgement and court order to sell the property. This is an example of:

45 / 50

A wall that supports structures (such as the roof or upper floors) above it:

46 / 50

Jessica is told that her property has an easement appurtenant. What does the word appurtenant mean?

47 / 50

Kyle gives his friend permission to hunt on his land one weekend. This is known as a/an:

48 / 50

Theresa, a property owner, has a contract in which she has granted Bill the right to purchase the property for three months. This is called a/an

49 / 50

Sandy owns a home in a low resale value area that has major foundation issues. This home is best described as suffering:

 

 

50 / 50

When one agent gives authority to another agent to represent a client, what is the second agent considered to be to the client?

Your score is

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National Review

Get Ready for the National Portion

Everyone, regardless of the state in which they are testing, needs to know the basics of real estate to prepare for their exam. Below you will find videos, tutorials and practice tests on the topics you need to know. Once you've mastered these, head over to the state specific questions you'll need to know for the rest of your exam. 

State Review

Live Meetups

Every week I host a group study session. Bring your questions, concerns or just listen in while I review the topics that will help you prepare for your real estate exam!

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An intro on using these materials and useful links

I'm excited that you are working toward a career in real estate! 

Many real estate students feel that after they complete their real estate pre-licensing courses, they need additional help to prepare for their test.

Knowing what to study and how to study for this test is tough!

Taking the real estate exam can be a stressful experience. Even though it has been 20 years since I took my first real estate exam in Ohio for the salesperson license, I still remember feeling like there was an overwhelming amount of material covered in such a short time!

The resources on my site will help you strengthen your knowledge and feel confident when you walk into the testing center. Getting a real estate license was one of the most rewarding decisions I've made in my life, and I hope you will love your real estate career as much as I have mine.

If you ever need help with the exam prep materials and need to reach me, click here to contact me.

In addition to exam prep materials, I am also available for private tutoring. If you'd like to schedule a session, you can book a session here.

All the best,

Maria Center

PrepAgent Instructor and Tutor



If you ever need help with the exam prep materials and need to reach me, click here to contact me.


In addition to exam prep materials, I am also available for private tutoring. If you'd like to schedule a session, you can book a session here.

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