Real Estate Salesperson — National Exam Practice Test 2026

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🎯 Practice by Topic

General Principles of Agency

Creation and termination of agency, agency types (single/dual/designated), fiduciary duties (OLD CAR), client vs customer, agency disclosure, and licensee obligations.

84 questions→

Practice of Real Estate

Brokerage operations, trust-account handling, Fair Housing, advertising rules, antitrust, MLS, property management, and risk management.

72 questions→

Property Ownership

Real vs. personal property, fixtures, the bundle of rights, freehold and leasehold estates, concurrent ownership, common-interest ownership, rights, and liens.

72 questions→

Contracts

Contract classifications and essential elements, performance and remedies, listing and buyer-broker agreements, purchase contracts, contingencies, options, and installment contracts.

66 questions→

Valuation and Market Analysis

Concept of value, economic principles, the three approaches to value (sales comparison, cost, income), depreciation, the appraisal process, CMA and BPO, and valuation math.

66 questions→

Financing

Mortgage theory & instruments, loan types and programs, PMI/LTV, points & interest, primary vs. secondary markets, foreclosure, and federal financing regulations (TILA/Reg Z, TRID, RESPA, ECOA).

60 questions→

Property Disclosures

Material-defect & condition disclosure duties, latent defects, lead-based paint (pre-1978), environmental hazards, flood zones, and CERCLA liability.

48 questions→

Real Estate Calculations

Area & measurement, commission and net-to-seller, finance math (LTV, points, per-diem interest, PITI), proration, property & transfer taxes, and investment math (ROI, cap rate, GRM). Every item shows a step-by-step solution.