Hard National Real Estate Exam Practice Questions
52 free hard-difficulty National Real Estate Exam questions, drawn live from KomFi's calibrated bank. These are the items that separate top scorers — every one carries a full explanation and trap analysis once you sign in.
- A broker is holding an earnest money deposit for a transaction that has fallen through. Both the buyer and the
- A broker is holding an earnest money deposit. If the broker uses that money to pay their office rent, they hav
- Which statement best characterizes the buyer's agent's duty and conduct?
- What should the agent do?
- The broker's proper next step is to:
- As to the broker's agency authority to keep negotiating on the seller's behalf, the seller's death:
- Under the doctrine of equitable conversion, what happens to the condemnation award?
- If the jurisdiction follows the traditional common law doctrine of equitable conversion and the contract is si
- If the seller refuses to clear the lien, what is the buyer's best remedy to ensure they receive the title they
- In a notice-race recording jurisdiction, which party prevails to title, and why?
- Under general common-law contract principles, what is the buyer's strongest legal argument that the contract r
- What is the agent's duty regarding disclosure?
- A buyer's agent procures a federally related residential loa… — Which statement most precisely captures why th
- Which of the following is true regarding the seller's 'substitution of entitlement'?
- A seller has a 'non-recourse' loan. If a buyer assumes this loan, what is the impact on the lender's ability t
- In a 'subject to' transaction, if the buyer defaults and the property is worth less than the debt, what is the
- A property has a first mortgage of $180,000 and a second mortgage of $40,000. The second mortgage lender agree
- If there are no federal holidays, and the lender's office is open on Saturdays, what is the latest time the bo
- Which constraint controls the maximum loan amount, and what is that amount?
- At what point must the lender automatically terminate the PMI, absent any borrower request?
- A city enacts an environmental protection ordinance that prohibits any clearing or building on a specific coas
- A suburban municipality adopts a zoning ordinance requiring… — A court reviewing a challenge to this ordinance
- If the lender requires an 80% loan-to-value (LTV) ratio and charges 2 discount points, what is the total cost
- If the seller also pays off a $115,000 mortgage, what are the net proceeds?
- If her annual gross income is $72,000 and she has a 400 monthly car payment and 200 in other monthly debts, wh
- What is the gross sales price?
- A commercial property has a net operating income of $105,000… — How should this affect the value estimate?
- The four largest brokerages in a mid-sized metro area, repre… — This coordinated conduct among the four broker
- Because the building is residential, which of the following is most likely correct?
- Which legal doctrine determines the ownership of the equipment?
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