Real Estate Salesperson Licensing Exam Practice Questions

Hundreds of practice questions covering the National Portion of the real estate salesperson licensing exam — including contracts, agency relationships, property ownership, financing, appraisal, fair housing, and settlement procedures. Questions include worked explanations with full solution steps.

Every question is stress-tested before it reaches you — competing AI systems hypothesize, challenge, and validate each item through a multi-stage pipeline before anything is published.

Start practicing — free

Sample Questions

Select an answer to check yourself. Sign up to access the full bank with worked solutions.

Question 1 of 3

A buyer signs a purchase agreement that includes a financing contingency. The buyer's mortgage application is denied. Under the terms of a standard financing contingency, what is the buyer entitled to?

A The seller must offer owner financing
B The buyer may cancel the contract and receive a refund of the earnest money
C The buyer forfeits the earnest money but is released from the contract
D The contract automatically converts to a lease-option agreement
Question 2 of 3

A property is held by two owners as tenants in common. One owner dies. What happens to the deceased owner's interest in the property?

A It automatically passes to the surviving co-owner
B It reverts to the state through escheat
C It passes to the deceased owner's heirs or as directed by their will
D It is divided equally among all remaining tenants
Question 3 of 3

A borrower obtains a 30-year fixed-rate mortgage. The loan has a loan-to-value (LTV) ratio of 92%. Which of the following will the lender most likely require?

A A blanket mortgage
B Private mortgage insurance (PMI)
C A balloon payment at the end of the term
D An adjustable interest rate

Those were just samples. Sign up to access hundreds more with full worked solutions.

Continue practicing — free

Ready to try PassExams?

Free tier gets you daily practice questions. Upgrade when you want the full bank and AI study tools.

Create a free account

No credit card required

10% of our revenue funds free and discounted access for those who need it most.