Contracts and agency practice test

What makes a contract enforceable, and what a licensee owes the person they represent.

16 scored items on the national portion 20% of the exam 22 practice questions here
Contracts and agency Question 1 of 10

Between contract signing and closing, the buyer holds:

What this area asks

The largest area on the national portion by some distance — sixteen items, twice the size of financing — and the one worth the most study hours. It runs from contract mechanics (the elements of validity, void against voidable against unenforceable, the Statute of Frauds, what a breach entitles each side to) into agency, which is where most of the scenario questions live: how an agency relationship is created, who the client is, what is owed to a customer who is not the client, and how the relationship ends.

Express, implied, unilateral and bilateral contractsElements of a valid contractValid, void, voidable and unenforceableBreach, rescission and damagesStatute of FraudsOffer, counteroffer and earnest moneyContingencies and equitable titleOption and installment contractsTypes of agency and client relationshipsCreation and termination of agencyObligations to all parties in a transaction

The topic list above is taken from the exam’s own published content outline, where this area appears as Real estate contracts and agency.

Frequently asked

How many contracts and agency questions are on the real estate exam?
16 of the 80 scored items on the national portion — about 20% of it. The published content outline calls this area "Real estate contracts and agency".
Is there a passing score for the real estate exam?
Not a national one. Each state commission sets its own, and states express it differently — Texas publishes a raw number of correct answers, California a percentage of the whole exam.
Is this the official exam?
No. These are original practice questions written for study, built to the exam’s published content outline. The exams themselves are delivered by Pearson VUE and PSI under contract to state commissions.

The other content areas

Each one draws only from its own bank, so a weak area can be worked until it is not one. The number beside each is how many of the exam’s 80 scored items it carries.

Sources

Every figure on this page comes from one of the documents below, with the date it was read. Requirements change; if a source has moved on since that date, the source is right and this page is out of date.

Independent exam preparation. Real Estate Exam Bank is not a state-approved pre-licensing course and completing anything here does not satisfy any state education requirement. Not affiliated with, endorsed by, or authorized by any state real estate commission, Pearson VUE, or PSI. Practice questions here are original study material, not the official exam.