contracts — National Real Estate Exam Practice Questions

88 free National Real Estate Exam questions on contracts: 36 easy, 47 medium, and 5 hard, every one exam-realistic and fully explained once you sign in. This is the fastest way to turn contracts from a weakness into a scoring area — drill it in 10-question reps with immediate feedback.

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1. A broker's employment contract with a seller is officially called the:
2. What is the current status of the contract?
3. A buyer defaults on a purchase agreement, and the seller chooses to keep the earnest money deposit as the tota
4. The offer is now:
5. A contract for the sale of a property is signed. Before clos… — The buyer's interest in the property during th
6. The contract is:
7. A contract that is valid and binding but allows one party to avoid the agreement because of a mistake of fact
8. A contract that is valid and enforceable until it is canceled by a party who was a victim of fraud is known as
9. An adult enters into a written contract to purchase a home f… — Under the law, this contract is generally cons
10. An agreement that is legally binding and meets all the necessary requirements for a 'meeting of the minds' and
11. A person who has been judicially declared mentally incompete… — What is the legal status of this contract?
12. A seller signs listing agreements with five different brokers at the same time. This arrangement is a series o
13. If a buyer and seller enter into a verbal agreement for the sale of a home, and the seller later refuses to co
14. If a contract contains all the essential elements but is induced by a threat of physical force, it lacks:
15. If a contract is valid in all respects but cannot be enforced because it is not in writing as required by law
16. If the contract is contingent on a 'satisfactory wood-destroying insect inspection,' what happens to the inspe
17. The escrow company will release the money to the seller only when:
18. A buyer enters into a contract to purchase a home 'subject to the buyer's attorney approving the contract with
19. The seller's most likely first step to address the default is to:
20. Can they still use the financing contingency to exit and get their earnest money back?
21. A buyer makes an offer. The seller crosses out the proposed closing date, writes in a new one, and signs it. A
22. The first buyer:
23. A contract for an option to purchase real estate requires th… — How does this differ from earnest money in a s
24. An appraisal contingency protects the buyer, but it also indirectly protects which other party in the transact
25. According to the standard application of the Statute of Frauds, this lease is:
26. A purchase agreement contains a clause stating that if the b… — This provision is known as:
27. Which of the following describes the buyer's position?
28. A purchase agreement states: 'In the event of buyer default, the seller may retain the earnest money as liquid
29. Is there an enforceable contract?
30. If a buyer and seller enter into an oral contract for the sale of a farm and both parties fully perform their