General — National Real Estate Exam Practice Questions

497 free National Real Estate Exam questions on General: 148 easy, 304 medium, and 45 hard, every one exam-realistic and fully explained once you sign in. This is the fastest way to turn General from a weakness into a scoring area — drill it in 10-question reps with immediate feedback.

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1. A buyer default occurs. The earnest money is held by an escrow company. The escrow company will release the mo
2. A buyer makes an offer. The seller crosses out the proposed closing date, writes in a new one, and signs it. A
3. An adult enters into a written contract to purchase a home from a 17-year-old individual. Under the law, this
4. A seller signs listing agreements with five different brokers at the same time. This arrangement is a series o
5. A purchase agreement states: 'In the event of buyer default, the seller may retain the earnest money as liquid
6. Is there an enforceable contract?
7. A contract that is valid and binding but allows one party to avoid the agreement because of a mistake of fact
8. A buyer defaults on a purchase agreement, and the seller chooses to keep the earnest money deposit as the tota
9. A person who has been judicially declared mentally incompete… — What is the legal status of this contract?
10. If a buyer and seller enter into a verbal agreement for the sale of a home, and the seller later refuses to co
11. A buyer makes a written offer to a seller. Two days later, before the seller has responded, the buyer changes
12. A contract that is valid and enforceable until it is canceled by a party who was a victim of fraud is known as
13. If a contract contains all the essential elements but is induced by a threat of physical force, it lacks:
14. If a contract is valid in all respects but cannot be enforced because it is not in writing as required by law
15. What is the current status of the contract?
16. A broker's employment contract with a seller is officially called the:
17. A buyer enters into a contract to purchase a home 'subject to the buyer's attorney approving the contract with
18. Can they still use the financing contingency to exit and get their earnest money back?
19. An oral lease for a term of 11 months is created between a landlord and a tenant. According to the standard ap
20. A contract for the sale of a property is signed. Before closing, the property is destroyed by a fire. The buye
21. An agreement that is legally binding and meets all the necessary requirements for a 'meeting of the minds' and
22. Which of the following describes the buyer's position?
23. If a broker's trust account contains earnest money for ten different transactions, and the broker uses funds f
24. If a buyer defaults on a purchase contract that does not contain a liquidated damages clause, the seller may c
25. A contract for the sale of real estate that has been signed by both parties is valid, but the buyer was intoxi
26. A buyer makes an oral offer on a house, which the seller orally accepts. Before any papers are signed, the sel
27. An appraisal contingency protects the buyer, but it also indirectly protects which other party in the transact
28. A purchase agreement contains a clause stating that if the buyer defaults, the seller shall retain the $5,000
29. For a liquidated damages clause to be enforceable in a court of law, the amount specified must be:
30. If the contract is contingent on a 'satisfactory wood-destroying insect inspection,' what happens to the inspe