FBLA Real Estate practice test
Real Estate covers property ownership, transactions, financing, appraisal, and the laws that govern buying, selling, and leasing property.
Topics on the FBLA Real Estate test
- Property rights, ownership, and deeds
- Contracts, listings, and agency
- Real estate finance and mortgages
- Appraisal and valuation
- Fair housing and real estate law
- Property management and leasing
Free FBLA Real Estate practice questions and answers
Try each question before opening the answer. Every AI practice test explains its answers the same way.
Question 1
A buyer makes a $40,000 down payment on a $200,000 home. What is the loan-to-value (LTV) ratio?
- A20%
- B40%
- C60%
- D80%
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Answer: D. 80%
The loan is $160,000, and $160,000 ÷ $200,000 = 80%.
Question 2
Which federal law prohibits discrimination in the sale or rental of housing?
- AThe Fair Housing Act
- BThe Truth in Lending Act
- CThe Real Estate Settlement Procedures Act
- DThe Dodd-Frank Act
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Answer: A. The Fair Housing Act
The Fair Housing Act bans housing discrimination based on race, color, religion, sex, national origin, familial status, and disability.
Question 3
Real property includes:
- ALand and anything permanently attached to it
- BVehicles
- CFurniture
- DStocks and bonds
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Answer: A. Land and anything permanently attached to it
Real property is land plus permanent attachments such as buildings. Movable items are personal property.
How to study for FBLA Real Estate
Real estate math (loan-to-value, commission, prorations, mortgage interest) is predictable. Practice it alongside the vocabulary of deeds and ownership.
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Start practicing freeFBLA Real Estate FAQ
How many questions are on the FBLA Real Estate test?
Real Estate is an objective test event. Under the current guidelines, FBLA objective tests are typically 100 multiple-choice questions in 50 minutes. Check the official FBLA competitive event guidelines for your season and conference.
What topics are on the FBLA Real Estate test?
Expect questions on property rights, ownership, and deeds; contracts, listings, and agency; real estate finance and mortgages; appraisal and valuation; fair housing and real estate law; and property management and leasing.
Are these official FBLA Real Estate questions?
No. The sample questions are original and written in the style of FBLA objective tests. TierOne is an independent study aid and is not affiliated with FBLA.