100 Free Real Estate Practice Test Questions

The U.S. doesn’t have a single national real estate exam. Instead, every state sets its own rules. To even take your state’s real estate licensing exam, you’ll first need to finish a pre-licensing course designed specifically for your state.

Your state’s real estate commission decides:

• How many hours of coursework you’ll need.
• Exactly what topics you’ll study.

This mix ensures you’re ready for both the nationwide concepts and your state’s unique laws, because both will be on the test!

Structure of the Exam

Once you’ve completed your pre-licensing coursework, you’ll take a state-administered test. For most candidates, this exam will include a national portion as well as a state-specific portion:

1. National Portion: Covers broad real estate principles like property ownership, contracts, and federal regulations.
2. State-Specific Portion: Focuses on local laws, licensing rules, and practices unique to your state.

Format and Content

The exam is primarily multiple-choice, blending problem-solving, and a heavy emphasis on real estate vocabulary. In fact, terminology—think “escrow,” “amortization,” or “lien”—makes up the largest portion of the test.

Exam Duration

Most real estate exams take between 1.5 and 3 hours total. But check your state’s rules—some may allow a bit more or less time.

We won't lie to you, real estate math can be tricky, but with the right prep you can pass this exam category.

1. Property Ownership

Understanding who owns what—and the rights that come with it. You must understand the different types of states like Freehold states and less than freehold states:

• Bundle of Rights
• Real vs. Personal Property
• Fixtures
• Emblements
• Encroachment
• Freehold vs. Leasehold Estates

2. Land Use Controls & Regulation

Rules that dictate how land can be used, this includes topics like:

• Zoning Laws
• Building Codes
• Environmental Regulations

3. Valuation & Market Analysis

How to figure out what a property is worth:

• Depreciation Types
• Appraisal Approaches:
  • Cost Approach
  • Market Approach
  • Income Approach
• Assemblage/Plottage

4. Financing

Loans, mortgages, and closing the deal.

• Mortgage Types: Fixed-rate mortgage, adjustable-rate mortgage, etc.
• Mortgagor vs. Mortgagee
• Government-Backed Loans: FHA, VA, etc.
• Closing Process

5. Agency

Who represents whom (and the rules they follow):

• Agency Relationships:
  • Dual Agency
  • Universal vs. Special Agency
  • Key terms: Principal, Attorney-in-Fact, etc.

6. Contracts

Legally binding agreements—get these right:

• Essential elements of a valid contract
• Voidable, Void, and Valid contracts
• Listings: Exclusive Right to sell, Exclusive Agency, Net Listing, and Open Listing
• Types of contracts:
  • Land Contract
  • Option Contract
  • Implied Contract

7. Property Disclosure

What sellers must tell buyers.

• Mandatory Disclosures
• Environmental Hazards

8. Transfer of Property

How ownership changes hands.

• Ethics & Fair Housing
• Advertising Rules
• Trust Accounts

9. Real Estate Math (Except in California)

• Commissions
• Loan Calculations: Interest, amortization, and down payments.
• Calculations related to property area

* Note: Math-heavy questions vary by state—California’s exam, for example, has very little math.

10. Practice of Real Estate

The day-to-day rules of being an agent.

• Antidiscrimination Laws: Fair Housing, ADA compliance.
• Broker Supervision
• Agent Fiduciary Duties

* The exact topics can vary depending on your state, so make sure your test prep is state-specific like Lexawise!

Short answer: Yes. There is real estate math on the exam. You’ll be solving problems like figuring out commissions, mortgage payments, and property taxes, plus answering questions related to other basic real estate math concepts. Basically, it’s all the math you’ll actually use as a real estate agent.

But don’t freak out! The math portion of the exam is totally manageable. The key is to get familiar with the types of questions that will appear. Once you understand the format and practice a bit, you’ll be on track to ace this portion of the exam.

Fun fact: California is the only state where math questions are very few, mostly basic arithmetic and simple algebra—think fractions, decimals, and percentages.

Great question! The licensing exams are usually administered by state-specific real estate regulatory organizations or commissions. They team up with professional testing companies like PSI or Pearson VUE to make sure the exam is up-to-date and reflects current real estate standards.

Good news: Most states let you retake the exam as many times as you need to pass. However, a few states have limits, so check your state laws to be sure. Just remember, each retake usually comes with an exam fee, so make sure you’re ready to crush it.

And don’t forget, most states require you to pass within a certain time frame after finishing your pre-licensing course.