Licensed Real Estate Agent Exam study guide
Licensed Real Estate Agent Exam · Work through your exam, one topic at a time.
The Licensed Real Estate Agent Exam is the entry credential most U.S. states require before a person may perform brokerage activities for compensation under a supervising broker. The Licensed Real Estate Agent Exam study guide has 9 sections and about 2,828 words.
01Real Property Law, Ownership, and Interests in Land
The exam checks whether you can classify estates, ownership forms, and encumbrances, and explain how title passes. Questions often ask which interest survives death, which lien has priority, or whether an item is a fixture.
350 words, about 2 min02Agency, Brokerage Relationships, and Fiduciary Duties
This domain tests who represents whom, how agency is created and terminated, and how fiduciary duties apply in real transactions. Expect scenario questions about dual agency, confidentiality, and compensation.
308 words, about 2 min03Contracts, Purchase and Sale Agreements, and Disclosures
This domain tests contract formation, statute of frauds, contingencies, earnest money, remedies, and required disclosures. Questions often turn on whether a contract is enforceable or whether a party may cancel.
312 words, about 2 min04Financing, Mortgages, and Settlement/Closing
This domain covers security instruments, loan terms, lien priority, disclosure rules, and closing mechanics. Expect questions on points, APR, escrow, and foreclosure.
336 words, about 2 min05Valuation, Pricing, and Market Analysis
This domain tests the three appraisal approaches, adjustment logic, capitalization, gross rent multipliers, highest and best use, and the difference between a CMA and an appraisal. Sales comparison adjusts comparable sales to the subject.
325 words, about 2 min06Fair Housing, Civil Rights, and Consumer Protection
This domain tests protected classes, prohibited practices, reasonable accommodations and modifications, advertising rules, and limited exemptions. The federal Fair Housing Act protects race, color, religion, sex, national origin, familial status, and disability.
323 words, about 2 min07Licensing Law, Regulation, and Professional Conduct
This domain tests license types, broker supervision, escrow handling, advertising, discipline, and antitrust rules. Questions often ask what an unlicensed assistant may do or what conduct triggers discipline.
278 words, about 1 min08Land Use, Zoning, Environmental Issues, and Property Management
This domain tests zoning, variances, nonconforming uses, environmental liability, and property management duties. Expect questions on what a variance does and who bears cleanup liability.
314 words, about 2 min09Real Estate Calculations and Mathematics
This domain tests commission, loan-to-value, points, prorations, area conversion, capitalization, gross rent multipliers, and transfer taxes. Accuracy and order of operations matter.
282 words, about 1 min