Medium National Real Estate Exam Practice Questions

215 free medium-difficulty National Real Estate Exam questions, drawn live from KomFi's calibrated bank. The exam backbone: the difficulty band where most scoring happens.

1. If the contract is contingent on a 'satisfactory wood-destroying insect inspection,' what happens to the inspe
2. A buyer default occurs. The earnest money is held by an escrow company. The escrow company will release the mo
3. A buyer enters into a contract to purchase a home 'subject to the buyer's attorney approving the contract with
4. A buyer enters into a contract to purchase a house, but shortly before closing, the buyer decides to purchase
5. Can they still use the financing contingency to exit and get their earnest money back?
6. A buyer makes an offer. The seller crosses out the proposed closing date, writes in a new one, and signs it. A
7. A buyer makes an oral offer on a house, which the seller orally accepts. Before any papers are signed, the sel
8. A contract for an option to purchase real estate requires th… — How does this differ from earnest money in a s
9. A deed contains the phrase 'so long as the premises are used… — This creates what type of estate?
10. An appraisal contingency protects the buyer, but it also indirectly protects which other party in the transact
11. An oral lease for a term of 11 months is created between a landlord and a tenant. According to the standard ap
12. A purchase agreement contains a clause stating that if the buyer defaults, the seller shall retain the $5,000
13. Which of the following describes the buyer's position?
14. A purchase agreement states: 'In the event of buyer default, the seller may retain the earnest money as liquid
15. Is there an enforceable contract?
16. For a liquidated damages clause to be enforceable in a court of law, the amount specified must be:
17. If a broker's trust account contains earnest money for ten different transactions, and the broker uses funds f
18. If a buyer and seller enter into an oral contract for the sale of a farm and both parties fully perform their
19. If a buyer defaults on a purchase contract that does not contain a liquidated damages clause, the seller may c
20. Under traditional sub-agency, to whom does the second broker owe fiduciary duties?
21. What is the legal status of the agency relationship?
22. What is the effect on the broker's active listings?
23. A broker is representing a seller. A neighboring property is rezoned to allow for a noisy industrial plant. Th
24. A buyer's agent is aware that their client has a maximum budget of $450,000 but the agent manages to negotiate
25. What is the agent's fiduciary obligation?
26. What must the agent be careful to avoid?
27. A dual agent is working with a seller who is in a rush to re… — What must the agent do with this information?
28. An 'agency coupled with an interest' is a rare situation where the agent has a financial stake in the property
29. An agent's duty of confidentiality to a principal terminates at what point?
30. An agent who has been granted the authority to perform all acts that the principal could perform themselves is

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