Free study guides
Real Estate Exam Study Guides
Every exam topic, ordered by how much it counts on the real exam - the same order the Freehold app's Study Path uses. Read the guide, then drill the topic.
Contracts
17% of the examContracts is the single biggest slice of the national exam — roughly one question in six.
Agency
13% of the examAgency questions test who you represent, what you owe them, and how that relationship starts and ends.
Practice of Real Estate
13% of the examThis topic covers how licensees must behave: fair housing law, antitrust rules, and honest advertising.
Financing
10% of the examFinancing questions separate the instruments (note versus mortgage versus deed of trust), the players (mortgagor versus mortgagee), and the loan programs (FHA, VA, USDA, conventional).
Real Estate Math
10% of the examMath is the most-feared part of the exam, but it's also the most predictable: commissions, loan-to-value ratios, prorations, cap rates, and seller net sheets follow the same handful of formulas every time.
Property Ownership
8% of the examProperty ownership is the exam's foundation vocabulary: the bundle of rights, freehold estates, and the co-ownership forms.
Transfer of Title
8% of the examTitle questions hinge on two things: which deed gives how much protection, and when title actually passes.
Valuation & Market Analysis
7% of the examValuation questions ask which appraisal approach fits which property: sales comparison for homes, cost for new or unusual buildings, income capitalization for rentals.
Property Disclosures
6% of the examDisclosure questions test one core duty: known material facts must be revealed proactively, even when nobody asks and even in an as-is sale.
Land Use Controls
5% of the examLand use questions divide into public controls — zoning under police power, variances, nonconforming uses, and eminent domain — and private controls like restrictive covenants and deed restrictions.
Leasing & Property Management
3% of the examThis is the smallest national topic, but its questions are highly repeatable: the four leasehold estates, the lease payment structures (gross, net, percentage), and the property manager's fiduciary duty to the owner — not the tenants.
State Law
State-specificNational principles get you most of the way, but your state's own license law decides whether you pass: the regulating agency, licensing requirements, disclosure forms, and trust account rules specific to your state.