NATIONAL REAL ESTATE SALESPERSON EXAM
NEWEST 2025-2026 UPDATE REAL PRACTICE EXAM
QUESTIONS & CORRECT ANSWERS | ALREADY
GRADED A+
Content covered (most tested areas): Property
ownership, land use controls, agency relationships,
contracts, financing, valuation, fair housing, disclosures,
math, transfer of title, leases, property management,
taxation, licensing law, ethics, environmental issues
1. Which form of ownership involves two or more persons holding
equal shares with right of survivorship?
A. Tenancy in common
B. Joint tenancy
C. Severalty
D. Community property
Joint tenancy includes the four unities and right of survivorship,
meaning a deceased owner’s interest passes to surviving co-
owners.
2. Real property includes all of the following except:
A. Land
B. Improvements
C. Fixtures
D. Trade secrets
, Real property consists of land and permanently attached items;
trade secrets are intangible personal property.
3. A fixture is best defined as:
A. Personal property permanently attached to land
B. An item once personal property that is now legally real
property
C. Movable property
D. Temporary installation
A fixture changes character from personal to real property
through attachment and intent.
4. The bundle of rights includes all except:
A. Right to sell
B. Right to lease
C. Right to exclude others
D. Right to violate zoning laws
Ownership rights are subject to government restrictions such as
zoning.
5. Zoning laws are enacted by:
A. Federal government
B. State legislature
C. Local government
D. Private developers
Zoning is a police power typically exercised by municipalities.
6. Which is an example of an encumbrance?
A. Lease
B. Easement
C. Lien
, D. All of the above
Encumbrances are claims or restrictions on property that may
affect title or use.
7. An easement appurtenant benefits:
A. A person
B. The government
C. Another parcel of land
D. A lender
It attaches to the land (dominant estate) rather than an individual.
8. Agency is created when:
A. A contract is signed only
B. Compensation is paid
C. A principal authorizes an agent to act on their behalf
D. A listing is advertised
Agency arises from mutual consent, not necessarily payment.
9. Fiduciary duties include all except:
A. Loyalty
B. Disclosure
C. Accounting
D. Self-dealing
Self-dealing violates the duty of loyalty.
10. A listing that allows any broker to sell but pays only the one
who produces the buyer is:
A. Exclusive right to sell
B. Exclusive agency
C. Net listing
NEWEST 2025-2026 UPDATE REAL PRACTICE EXAM
QUESTIONS & CORRECT ANSWERS | ALREADY
GRADED A+
Content covered (most tested areas): Property
ownership, land use controls, agency relationships,
contracts, financing, valuation, fair housing, disclosures,
math, transfer of title, leases, property management,
taxation, licensing law, ethics, environmental issues
1. Which form of ownership involves two or more persons holding
equal shares with right of survivorship?
A. Tenancy in common
B. Joint tenancy
C. Severalty
D. Community property
Joint tenancy includes the four unities and right of survivorship,
meaning a deceased owner’s interest passes to surviving co-
owners.
2. Real property includes all of the following except:
A. Land
B. Improvements
C. Fixtures
D. Trade secrets
, Real property consists of land and permanently attached items;
trade secrets are intangible personal property.
3. A fixture is best defined as:
A. Personal property permanently attached to land
B. An item once personal property that is now legally real
property
C. Movable property
D. Temporary installation
A fixture changes character from personal to real property
through attachment and intent.
4. The bundle of rights includes all except:
A. Right to sell
B. Right to lease
C. Right to exclude others
D. Right to violate zoning laws
Ownership rights are subject to government restrictions such as
zoning.
5. Zoning laws are enacted by:
A. Federal government
B. State legislature
C. Local government
D. Private developers
Zoning is a police power typically exercised by municipalities.
6. Which is an example of an encumbrance?
A. Lease
B. Easement
C. Lien
, D. All of the above
Encumbrances are claims or restrictions on property that may
affect title or use.
7. An easement appurtenant benefits:
A. A person
B. The government
C. Another parcel of land
D. A lender
It attaches to the land (dominant estate) rather than an individual.
8. Agency is created when:
A. A contract is signed only
B. Compensation is paid
C. A principal authorizes an agent to act on their behalf
D. A listing is advertised
Agency arises from mutual consent, not necessarily payment.
9. Fiduciary duties include all except:
A. Loyalty
B. Disclosure
C. Accounting
D. Self-dealing
Self-dealing violates the duty of loyalty.
10. A listing that allows any broker to sell but pays only the one
who produces the buyer is:
A. Exclusive right to sell
B. Exclusive agency
C. Net listing
