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