Hard National Real Estate Exam Practice Questions

85 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.

1. A borrower has a mortgage where the monthly payments are not large enough to cover the interest due. As a resu
2. A buyer and seller enter into an option agreement where the buyer pays $1,000 for the right to buy a home for
3. What is the current status of the original offer?
4. A lender is found to be routinely denying mortgage loans in a specific neighborhood primarily because of the h
5. An individual lives in a residential building where they own… — What form of ownership is this?
6. An optionee (buyer) decides not to exercise their option. Do they need to take any legal action to 'cancel' th
7. A real estate agent tells a potential seller that 'commissio… — This statement most likely violates which of t
8. A seller is conveying property via a general warranty deed. Which of the following covenants in that deed spec
9. A 'Special Warranty Deed' differs from a 'General Warranty Deed' in that the grantor only warrants:
10. If the tenant's lease expires and they move out without removing the oven, what describes the oven's status un
11. A broker is holding an earnest money deposit for a transaction that has fallen through. Both the buyer and the
12. A broker lists a property for a client. A week later, the broker's daughter-in-law makes an offer on the prope
13. Which duty has been violated?
14. An agent has a listing for a property that is priced very competitively. He decides to delay entering the list
15. An agent is representing a developer who is purchasing several adjacent lots for a new project. The agent disc
16. An agent is representing a seller. A prospective buyer-customer asks if the agent knows of any reason why the
17. A city is granted land 'so long as' it is used as a park. If the city builds a city hall on half of the land a
18. A grantor conveys land 'to X and his heirs, provided that X does not marry Y.' This is an example of:
19. A property owner discovers that his neighbor's new fence was built three feet over the property line onto his
20. A broker is holding an earnest money deposit. If the broker uses that money to pay their office rent, they hav
21. A licensee is acting as a dual agent in a transaction. Which of the following pieces of information MUST the a
22. An appraiser is using the Income Approach to value a property. They subtract vacancy and collection losses fro
23. If the subject is an older, income-producing duplex in a neighborhood with many recent similar sales, which ap
24. The right of a government to take private property for public use, provided just compensation is paid, is know
25. A buyer assumes a loan with a 3,200 monthly PITI payment. Th… — Who is responsible for correcting this shortag
26. If the lender requires an 80% loan-to-value (LTV) ratio and charges 2 discount points, what is the total cost
27. An 'equity of redemption' differs from 'statutory redemption' primarily because:
28. Which of the following is true regarding the seller's 'substitution of entitlement'?
29. A seller has a 'non-recourse' loan. If a buyer assumes this loan, what is the impact on the lender's ability t
30. In a 'subject to' transaction, if the buyer defaults and the property is worth less than the debt, what is the

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