property-management — National Real Estate Exam Practice Questions

31 free National Real Estate Exam questions on property-management: 8 easy, 20 medium, and 3 hard, every one exam-realistic and fully explained once you sign in. This is the fastest way to turn property-management from a weakness into a scoring area — drill it in 10-question reps with immediate feedback.

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1. For a liquidated damages clause to be enforceable in a court of law, the amount specified must be:
2. If the tenant's lease expires and they move out without removing the oven, what describes the oven's status un
3. A broker is hired by an investor to manage a large apartment complex. In this scenario, the investor is the pr
4. An agent is authorized to conduct a series of transactions over time for a principal in a specific business ar
5. A broker is managing a property and collects rent. To simplify bookkeeping, the broker pays for the property's
6. An individual rents a beach cottage for exactly two weeks, starting on June 1 and ending on June 15. This arra
7. A tenant pays $2,500 a month. This month, the property tax bill arrives and the landlord pays it. Next month
8. A lease contains a provision that ties future rent increases… — What type of lease is this?
9. A 'sale-leaseback' arrangement is often used by businesses to achieve which primary objective?
10. What is the tenant's current estate?
11. A 'triple-net' lease is often preferred by 'passive' investors who buy commercial real estate because:
12. If a commercial lease allows the tenant to 'sublease' a portion of the space, who remains primarily liable to
13. A landlord and tenant agree to terminate a lease 3 months ea… — This is known as:
14. An owner of a professional building enters into a 10-year le… — What is the effect of this sale on the medical
15. A broker is conducting a monthly reconciliation of the trust… — This process involves comparing which three re
16. A broker is managing several rental properties and keeps all… — Is this permissible?
17. A broker's trust account should be used to hold all of the following EXCEPT:
18. Because the building is residential, which of the following is most likely correct?
19. The tenant is likely to:
20. A subtenant usually pays rent to:
21. A tenant has 18 months left on their lease. They find a frie… — If the landlord does not release the original
22. If a lease requires 'landlord consent' for any transfer, what happens if a tenant assigns the lease without th
23. If the revenue for one month is $140,000, how much is the total rent?
24. A percentage lease is most commonly used in which of the following property types?
25. A percentage lease typically shifts a portion of the landlord's risk to:
26. Which legal doctrine determines the ownership of the equipment?
27. A property manager uses $2,000 from a tenant's security depo… — This action is best described as:
28. A tenant holds a leasehold interest that automatically renew… — What is the correct classification of this est
29. What is the most accurate statement of the landlord's recoverable damages?
30. Can the landlord recover the unpaid rent from Tenant A?