Title:
National Real Estate Exam Practice Test
Purpose:
Comprehensive practice questions and verified answers designed for candidates preparing for the National Real
Estate Licensing Exam.
Year:
2026
Description:
This practice test provides an effective tool for reviewing key national real estate principles, laws, practices, and
regulations. Ideal for self-assessment and exam preparation, helping candidates build confidence and ensure
success on the National Real Estate Licensing Exam.
Instructions:
● Attempt all practice questions carefully.
● Review answers using the verified solutions provided.
● Use this test as a final review to reinforce understanding of national real estate concepts.
2/24/2026, 12:27:57 PM
, In most cases, broker compensation, as a percentage of home price, falls somewhere between:
5-7%
A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair
Housing Act, is this legal?
Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act
What happens to trade fixtures after a business moves out of a leased property?
The tenant removes their trade fixtures and takes them upon moving out.
Suppose that a borrower has a gross monthly income of $3,000 and wants to qualify for a conforming loan (total
debt service ratio of 36%) with a monthly PITI payment of $800. What is the maximum amount of additional
long-term obligations this borrower may have after PITI?
$280
2/24/2026, 12:27:57 PM
, A square bedroom measures 10 feet by 10 feet. What is the area of the room?
100 square feet
Which of these is an economic characteristic that makes land a distinctive commodity?*
situs
In a fixed-rate mortgage that is fully amortized, the total amount of interest to be paid is:
predetermined
Which is exempt from the federal Fair Housing Act?
renting a room in a house occupied by the owner
The Americans with Disabilities Act applies to:
privately owned or government-owned public accommodations
2/24/2026, 12:27:57 PM
, Condemnation is the act of seizing private property from citizens. What gives the government the right to do this?
eminent domain
The PHYSICAL characteristics of land are that land is indestructible, non-homogenous, and:
immobile
Which statement BEST defines the term contingency?
stipulation that must be satisfied before the contract can be performed
If a borrower is behind on payments, the acceleration clause gives the lender the ability to:
call the entire loan balance due immediately
A metes and bounds legal description always returns to:
the point of beginning
2/24/2026, 12:27:57 PM
National Real Estate Exam Practice Test
Purpose:
Comprehensive practice questions and verified answers designed for candidates preparing for the National Real
Estate Licensing Exam.
Year:
2026
Description:
This practice test provides an effective tool for reviewing key national real estate principles, laws, practices, and
regulations. Ideal for self-assessment and exam preparation, helping candidates build confidence and ensure
success on the National Real Estate Licensing Exam.
Instructions:
● Attempt all practice questions carefully.
● Review answers using the verified solutions provided.
● Use this test as a final review to reinforce understanding of national real estate concepts.
2/24/2026, 12:27:57 PM
, In most cases, broker compensation, as a percentage of home price, falls somewhere between:
5-7%
A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair
Housing Act, is this legal?
Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act
What happens to trade fixtures after a business moves out of a leased property?
The tenant removes their trade fixtures and takes them upon moving out.
Suppose that a borrower has a gross monthly income of $3,000 and wants to qualify for a conforming loan (total
debt service ratio of 36%) with a monthly PITI payment of $800. What is the maximum amount of additional
long-term obligations this borrower may have after PITI?
$280
2/24/2026, 12:27:57 PM
, A square bedroom measures 10 feet by 10 feet. What is the area of the room?
100 square feet
Which of these is an economic characteristic that makes land a distinctive commodity?*
situs
In a fixed-rate mortgage that is fully amortized, the total amount of interest to be paid is:
predetermined
Which is exempt from the federal Fair Housing Act?
renting a room in a house occupied by the owner
The Americans with Disabilities Act applies to:
privately owned or government-owned public accommodations
2/24/2026, 12:27:57 PM
, Condemnation is the act of seizing private property from citizens. What gives the government the right to do this?
eminent domain
The PHYSICAL characteristics of land are that land is indestructible, non-homogenous, and:
immobile
Which statement BEST defines the term contingency?
stipulation that must be satisfied before the contract can be performed
If a borrower is behind on payments, the acceleration clause gives the lender the ability to:
call the entire loan balance due immediately
A metes and bounds legal description always returns to:
the point of beginning
2/24/2026, 12:27:57 PM
