1
National Real Estate Exam Questions and Answers | Latest Version | 2025/2026 | Correct & Verified
What is the legal right to use another's land for a specific purpose called?✔✔ Easement
What document is used to transfer ownership of real property?✔✔ Deed
What type of loan is guaranteed by the Department of Veterans Affairs?✔✔ VA loan
What type of listing agreement offers the most protection for the listing broker?✔✔ Exclusive right to sell
What is the act of mixing client funds with personal funds known as?✔✔ Commingling
- / 3
2
What is the process of increasing land due to natural soil deposits called?✔✔ Accretion
What is the government's right to take private property for public use with compensation?✔✔ Eminent domain
What is a recorded history of ownership of a property called?✔✔ Chain of title
What is the term for intentionally deceiving someone in a real estate transaction?✔✔ Fraud
What must occur to create a valid real estate contract?✔✔ Offer, acceptance, consideration, and legal capacity
What type of value is usually sought in a real estate appraisal?✔✔ Market value
- / 3
3
What is the principal amount borrowed in a loan referred to as?✔✔ Principal
What is the act of encouraging homeowners to sell due to fear of minorities moving in?✔✔ Blockbusting
What is it called when a buyer is directed to or away from areas based on race?✔✔ Steering
What type of ownership includes the right of survivorship between spouses?✔✔ Tenancy by the entirety
What type of agent has the broadest authority to act on a client’s behalf?✔✔ Universal agent
What is the legal process used to remove a tenant from a rental property?✔✔ Eviction
- / 3