Real estate broker, salesperson, and CPM exam prep.
Comprehensive CPM prep — practice questions covering the full exam, complete course notes, timed mock exams, and detailed explanations for every answer. 1 year of access on any device with built-in progress tracking.
Comprehensive Real Estate Broker prep — practice questions covering the full exam, complete course notes, timed mock exams, and detailed explanations for every answer. 1 year of access on any device with built-in progress tracking.
Comprehensive Real Estate Salesperson prep — practice questions covering the full exam, complete course notes, timed mock exams, and detailed explanations for every answer. 1 year of access on any device with built-in progress tracking.
Real estate licensing exams are required in all 50 states for anyone who wants to practice as a salesperson or broker. Beyond licensing, professional certifications like the CPM demonstrate advanced expertise in property management.
The Real Estate Salesperson exam is the entry-level licensing test. Most states split it into two parts:
The national portion covers property ownership and land use (types of ownership, easements, liens, encumbrances), valuation and market analysis (CMA, appraisal methods), financing (mortgage types, loan qualification, TILA, RESPA), agency and contracts (listing agreements, purchase agreements, agency relationships), and federal fair housing law.
The state portion covers your specific state's license law, commission rules, required disclosures, trust account handling, and state-specific practices. This section is where many candidates stumble — knowing federal law doesn't help if you don't know your state's disclosure requirements.
Most salesperson exams are 100-150 multiple-choice questions with a 2-4 hour time limit and a 70-75% passing threshold.
The Real Estate Broker exam is for licensed salespersons who want to open their own brokerage or manage agents. It covers everything on the salesperson exam plus brokerage management, trust fund accounting, advanced finance, property management, real estate investment analysis, and business ethics.
Eligibility typically requires 2-3 years of active salesperson experience and additional education hours. The broker exam tests not only transaction knowledge but also your ability to supervise agents, manage a brokerage, and ensure regulatory compliance.
The CPM designation from the Institute of Real Estate Management (IREM) is the premier credential for property management professionals. The CPM certification process includes education requirements, a qualifying exam, and demonstrated professional experience in managing real estate assets.
The CPM exam covers financial management of real estate (budgeting, financial reporting, investment analysis), marketing and leasing, risk management, maintenance and operations, human resources, and ethics. CPM holders manage portfolios ranging from multifamily residential to commercial office, retail, and industrial properties.
The CPM is particularly valued by institutional investors, REITs, and large property management firms who expect their senior managers to hold the designation. It signals expertise in maximizing asset value while maintaining operational excellence.
Regardless of your exam, certain topics are consistently tested:
Contracts — elements of valid contracts, void vs. voidable, listing and purchase agreements. Financing — conventional, FHA, and VA loans, debt-to-income ratios, LTV, TRID settlement procedures. Agency — duties to clients vs. customers, dual agency, conflicts of interest. Math — commissions, proration, LTV ratios, cap rates, GRM calculations.
Combine your pre-licensing course with extensive practice questions. Focus on contracts, financing, agency, and property ownership — the highest question-density topics. For the state portion, read your state's real estate commission statutes directly. For CPM, supplement IREM coursework with practice in financial analysis and property management case studies.
Our platform provides practice questions covering real estate salesperson, broker, and CPM exams, with detailed explanations breaking down the legal and practical reasoning behind each answer.