semplr.

Exams · Certifications · Licensing

Real Estate Salesperson Exam — National Portion

Brokerage practice: practice questions

Our Real Estate (National) bank has 11 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

Start the free mock exam

Question 1

What is the Do-Not-Call Registry?

  1. A list of distressed properties
  2. A list of real estate agents who don't take calls from consumers at home
  3. A list of consumers who don't want telemarketing calls
  4. A broker's internal list
Show the answer

C. A list of consumers who don't want telemarketing calls — Calling registered numbers can lead to fines.

Question 2

What is an independent contractor in real estate?

  1. A licensee paid by results who controls their own work methods, under a written agreement
  2. An unlicensed assistant
  3. A government inspector
  4. An employee with a salary
Show the answer

A. A licensee paid by results who controls their own work methods, under a written agreement — IRS rules apply to qualified real estate agents.

Question 3

What must advertising by a licensee usually include?

  1. Only the salesperson's nickname and personal phone number
  2. The seller's phone number only
  3. The broker's name as licensed, according to state rules
  4. No names
Show the answer

C. The broker's name as licensed, according to state rules — Blind ads (without broker identification) are prohibited in most states.

Question 4

What is the MLS?

  1. A multiple listing service where brokers share listings and offer compensation to cooperating brokers
  2. A mortgage lender
  3. A title company
  4. A government registry
Show the answer

A. A multiple listing service where brokers share listings and offer compensation to cooperating brokers — MLS rules govern listing data and cooperation.

Question 5

Can a salesperson receive a commission directly from a client?

  1. Only in cash
  2. Yes, if they ask the client and the amount is agreed in writing
  3. Yes, always
  4. No, commissions must be paid through the sponsoring broker
Show the answer

D. No, commissions must be paid through the sponsoring broker — Licence laws require this in all states.

More Real Estate (National) topics