Easy National Real Estate Exam Practice Questions

158 free easy-difficulty National Real Estate Exam questions, drawn live from KomFi's calibrated bank. Build the foundation first: these test the core mechanics every harder question assumes.

1. An agency relationship that is created by a principal's actions leading a third party to reasonably believe an
2. An agent's power to bind a principal to a contract is known as their:
3. If a person acts as an agent without prior authorization and the principal later accepts the benefits of those
4. In a standard real estate transaction, to whom does the agent owe the full range of fiduciary duties?
5. An agent's duty of confidentiality to a principal terminates at what point?
6. An agent who has been granted the authority to perform all acts that the principal could perform themselves is
7. What happens to the salesperson's current listings?
8. A 'Special Agency' relationship, such as a typical listing agreement, usually ends when the transaction closes
9. A buyer's agent is asked by his client if the property has ever had water in the basement. The agent knows fro
10. A buyer's agent represents a client who has a limited budget. The agent finds a 'For Sale By Owner' property t
11. An agent is representing a seller. A buyer-customer asks, 'Is this a quiet neighborhood?' The agent knows that
12. If an agent representing a buyer learns that the seller is desperate to sell due to a job transfer, the agent:
13. What must the agent do?
14. What is the agent's duty?
15. A principal can be held liable for the acts of an agent who had no actual authority if the principal later acc
16. Who is the principal?
17. A broker's employment contract with a seller is officially called the:
18. What is the current status of the contract?
19. A buyer defaults on a purchase agreement, and the seller chooses to keep the earnest money deposit as the tota
20. A buyer makes a written offer to a seller. Two days later, before the seller has responded, the buyer changes
21. A contract that is valid and binding but allows one party to avoid the agreement because of a mistake of fact
22. A contract that is valid and enforceable until it is canceled by a party who was a victim of fraud is known as
23. An adult enters into a written contract to purchase a home from a 17-year-old individual. Under the law, this
24. An agreement that is legally binding and meets all the necessary requirements for a 'meeting of the minds' and
25. A seller signs listing agreements with five different brokers at the same time. This arrangement is a series o
26. If a buyer and seller enter into a verbal agreement for the sale of a home, and the seller later refuses to co
27. If a contract is valid in all respects but cannot be enforced because it is not in writing as required by law
28. If the contract is contingent on a 'satisfactory wood-destroying insect inspection,' what happens to the inspe
29. A buyer enters into a contract to purchase a home 'subject to the buyer's attorney approving the contract with
30. A buyer makes an offer. The seller crosses out the proposed closing date, writes in a new one, and signs it. A

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