Contracts Practice Questions
Free contracts questions from the real estate licensing exam, each with the answer explained. Tap any question for the full breakdown and a video walkthrough.
The term “Realtor” denotes:
Realtor is a trademark for members of the National Association of Realtors (NAR).
See the answerEarnest money (down payment) in NY is typically held by:
The seller's attorney typically holds the contract deposit in escrow in NY.
See the answerA homeowner's association (HOA) enforces rules through:
HOAs derive authority from recorded CC&Rs that bind all owners in the development. They are private contractual restrictions, not government police power. Common trap: students think HOA rules are government zoning; they are private deed restrictions.
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