25 Real Estate Exam Practice Questions — Answered & Explained

25 real estate exam practice questions, answered and fully explained — encumbrances, financing, and appraisal, plus throwback questions on contracts, math, ownership, and fiduciary duties. Every question gets an active-recall pause, then a full walkthrough of why the right answer is right and why every wrong answer is wrong, including the exam trap hiding in each one. CHAPTERS 00:00 Can you pass? How this works 00:29 Question 1 – Encumbrances 01:19 Question 2 – Encumbrances 02:17 Question 3 – Encumbrances 03:15 Question 4 – Encumbrances 04:11 Question 5 – Encumbrances 04:59 Question 6 – Encumbrances 05:48 Question 7 – Financing 06:41 Question 8 – Financing 07:28 Question 9 – Financing 08:25 Question 10 – Financing 09:25 Question 11 – Financing 10:20 Question 12 – Financing 11:11 Question 13 – Appraisal 12:05 Question 14 – Appraisal 12:59 Question 15 – Appraisal 13:50 Question 16 – Appraisal 14:45 Question 17 – Appraisal 15:38 Question 18 – Appraisal 16:32 Question 19 – Fiduciary Duties 18:36 Question 20 – Contracts 20:35 Question 21 – Contracts 21:43 Question 22 – Real Estate Math 23:46 Question 23 – Property Ownership 24:44 Question 24 – Ownership Vocabulary 25:43 Question 25 – Listing Agreements 26:35 How did you score? Recap + subscribe Practice like the exam: pause each question, commit to an answer, then check the walkthrough. Topics covered: lien priority and the tax-lien exception, mechanic's liens, easements appurtenant vs in gross, encroachments, licenses, general vs specific liens, conventional PMI vs FHA MIP, who actually lends on an FHA loan, VA funding fees, LTV math, USDA loans, PITI, the three appraisal approaches, replacement vs reproduction cost, cap rates, depreciation, GRM — plus OLD CAR fiduciary duties, valid vs void vs voidable contracts, commission splits, executory limitations, tenancy by the entirety, and net listings. Subscribe to Cultural Realty Academy for one real estate exam lesson every day and a new practice session every week. Follow Cultural Realty Academy everywhere: Website: https://muse.ai/s/cultural-realty-aca... YouTube:    / @culturalrealtyacademy   Instagram:   / culturalrealtyacademy   Facebook:   / 61595124892793   #RealEstateExam #RealEstateExamPrep #PracticeQuestions Study aid for the real estate exam. Educational purposes only — not legal, financial, or professional advice. Verify current law with your state's real estate commission.