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PEARSON VUE REAL ESTATE ACTUAL EXAM
PREP 2026 ALL QUESTIONS AND CORRECT
DETAILED ANSWERS WITH RATIONALES
ALREADY A GRADED WITH EXPERT
FEEDBSCK |NEW AND REVISED
1. A buyer wants to purchase a property but asks the agent not to
disclose a known structural defect. The agent should:
A. Follow the buyer’s request
B. Only disclose if asked directly
C. Disclose the defect to all parties as required by law
D. Ignore the defect
Rationale: Real estate agents are legally and ethically obligated to
disclose known material defects.
2. Which of the following is considered a material fact in real estate?
A. Paint color of the walls
B. Owner’s favorite furniture
C. Presence of termite infestation
D. Landscaping style
Rationale: Material facts affect the value or desirability of the
property.
3. Which type of listing allows multiple brokers to compete for a
commission?
A. Exclusive right-to-sell
B. Exclusive agency
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C. Open listing
D. Net listing
Rationale: Open listings allow multiple brokers to find a buyer, only
the selling broker earns commission.
4. An agent is representing both the buyer and seller in the same
transaction. This is:
A. Illegal under all circumstances
B. Encouraged
C. Only allowed without disclosure
D. Dual agency, requires full disclosure and consent
Rationale: Dual agency is legal in many states but must be disclosed
and agreed to by both parties.
5. A property owner gives a broker the exclusive right to sell for 90
days. This is:
A. Open listing
B. Net listing
C. Exclusive right-to-sell listing
D. Oral agreement
Rationale: Exclusive right-to-sell grants the broker the commission
regardless of who finds the buyer.
6. Which document transfers ownership of real property?
A. Lease agreement
B. Purchase offer
C. Deed
D. Mortgage
Rationale: A deed legally conveys title from seller to buyer.
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7. A buyer puts down an earnest money deposit. This is:
A. Part of the down payment only
B. Optional insurance
C. Good faith deposit to demonstrate intent to purchase
D. Broker commission
Rationale: Earnest money shows the buyer’s commitment and is
usually applied to purchase price at closing.
8. Which of the following is considered real property?
A. Freestanding refrigerator
B. Built-in cabinetry
C. Area rug
D. Personal artwork
Rationale: Real property includes items permanently attached to the
land or structure.
9. A seller refuses to accept an offer but counters with a different
price. This is:
A. Acceptance
B. Rejection only
C. Counteroffer
D. Void contract
Rationale: A counteroffer rejects the original offer and proposes new
terms.
10. An agent receives an offer and presents it to the seller. Which
principle applies?
A. Caveat emptor
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B. Agency fiduciary duty
C. Subrogation
D. Mortgage lien
Rationale: Agents have a fiduciary duty to present all offers honestly
and timely.
11. A property is sold “as-is.” Which is true?
A. Seller has no disclosure obligations
B. Buyer waives all inspections
C. Seller still must disclose known material defects
D. Broker is not involved
Rationale: “As-is” limits seller’s obligation to fix defects, but
disclosure is still required.
12. Which type of contract requires consideration, offer, acceptance,
and legal purpose?
A. Voidable contract
B. Implied contract
C. Valid contract
D. Unenforceable contract
Rationale: A valid contract contains all essential elements required for
enforceability.
13. Which of the following is a characteristic of a freehold estate?
A. Leasehold interest
B. Ownership for an indeterminate length of time
C. Temporary possession only
D. Rental agreement
Rationale: Freehold estates confer ownership rights for indefinite
duration.
PEARSON VUE REAL ESTATE ACTUAL EXAM
PREP 2026 ALL QUESTIONS AND CORRECT
DETAILED ANSWERS WITH RATIONALES
ALREADY A GRADED WITH EXPERT
FEEDBSCK |NEW AND REVISED
1. A buyer wants to purchase a property but asks the agent not to
disclose a known structural defect. The agent should:
A. Follow the buyer’s request
B. Only disclose if asked directly
C. Disclose the defect to all parties as required by law
D. Ignore the defect
Rationale: Real estate agents are legally and ethically obligated to
disclose known material defects.
2. Which of the following is considered a material fact in real estate?
A. Paint color of the walls
B. Owner’s favorite furniture
C. Presence of termite infestation
D. Landscaping style
Rationale: Material facts affect the value or desirability of the
property.
3. Which type of listing allows multiple brokers to compete for a
commission?
A. Exclusive right-to-sell
B. Exclusive agency
,2|Page
C. Open listing
D. Net listing
Rationale: Open listings allow multiple brokers to find a buyer, only
the selling broker earns commission.
4. An agent is representing both the buyer and seller in the same
transaction. This is:
A. Illegal under all circumstances
B. Encouraged
C. Only allowed without disclosure
D. Dual agency, requires full disclosure and consent
Rationale: Dual agency is legal in many states but must be disclosed
and agreed to by both parties.
5. A property owner gives a broker the exclusive right to sell for 90
days. This is:
A. Open listing
B. Net listing
C. Exclusive right-to-sell listing
D. Oral agreement
Rationale: Exclusive right-to-sell grants the broker the commission
regardless of who finds the buyer.
6. Which document transfers ownership of real property?
A. Lease agreement
B. Purchase offer
C. Deed
D. Mortgage
Rationale: A deed legally conveys title from seller to buyer.
,3|Page
7. A buyer puts down an earnest money deposit. This is:
A. Part of the down payment only
B. Optional insurance
C. Good faith deposit to demonstrate intent to purchase
D. Broker commission
Rationale: Earnest money shows the buyer’s commitment and is
usually applied to purchase price at closing.
8. Which of the following is considered real property?
A. Freestanding refrigerator
B. Built-in cabinetry
C. Area rug
D. Personal artwork
Rationale: Real property includes items permanently attached to the
land or structure.
9. A seller refuses to accept an offer but counters with a different
price. This is:
A. Acceptance
B. Rejection only
C. Counteroffer
D. Void contract
Rationale: A counteroffer rejects the original offer and proposes new
terms.
10. An agent receives an offer and presents it to the seller. Which
principle applies?
A. Caveat emptor
, 4|Page
B. Agency fiduciary duty
C. Subrogation
D. Mortgage lien
Rationale: Agents have a fiduciary duty to present all offers honestly
and timely.
11. A property is sold “as-is.” Which is true?
A. Seller has no disclosure obligations
B. Buyer waives all inspections
C. Seller still must disclose known material defects
D. Broker is not involved
Rationale: “As-is” limits seller’s obligation to fix defects, but
disclosure is still required.
12. Which type of contract requires consideration, offer, acceptance,
and legal purpose?
A. Voidable contract
B. Implied contract
C. Valid contract
D. Unenforceable contract
Rationale: A valid contract contains all essential elements required for
enforceability.
13. Which of the following is a characteristic of a freehold estate?
A. Leasehold interest
B. Ownership for an indeterminate length of time
C. Temporary possession only
D. Rental agreement
Rationale: Freehold estates confer ownership rights for indefinite
duration.
