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Quizzes > Business & Finance

Real Estate Agent Quiz: Should You Become a Realtor?

Quick, free real estate career quiz to find your fit. Instant results.

Editorial: Review CompletedCreated By: Adrian MagnoUpdated Aug 26, 2025
Difficulty: Moderate
2-5mins
Learning OutcomesCheat Sheet
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This real estate agent quiz helps you gauge your fit for the career by testing how you'd handle leads, clients, and deals. You'll spot strengths, learn what day-to-day work looks like, and decide whether to take the next step. Exploring other paths too? Try our dream job quiz, the paralegal career quiz, or the architect quiz.

You prefer income that fluctuates with performance rather than a fixed salary; does this match how most real estate agents are paid?
Yes, most agents are commission-based
Most agents are paid a government stipend
Agents are typically paid annual retainers
No, most agents earn hourly wages
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Real estate sales often peak on evenings and weekends. Are you comfortable scheduling client work during those times?
Only during a 9-5 schedule
Only weekday mornings
Yes, evenings and weekends are fine
Never on weekends or evenings
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You will need to generate your own leads consistently. Which approach are you most willing to commit to first?
Building and nurturing my sphere of influence
Waiting for the broker to hand me clients
Relying solely on walk-ins
Posting once on social media and stopping
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True or False: A real estate agent and a REALTOR are exactly the same by definition.
False
True
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True or False: Most agents begin as independent contractors rather than W-2 employees.
True
False
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Which description best matches a Comparative Market Analysis (CMA)?
A property tax assessment by the county
An agent-prepared estimate of value using recent comparable sales
A home inspection report
A formal appraisal by a licensed appraiser
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If you thrive on face-to-face interactions, which lead source aligns best starting out?
Relying solely on purchased internet leads
Only running anonymous blog ads
Hosting open houses for other agents
Refusing in-person events
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Which statement best reflects the typical startup costs for a new agent?
Licensing, association dues, MLS fees, marketing, and E&O insurance
Government covers all licensing and marketing costs
Only a business card is required
The broker pays every expense for new agents
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You will often handle rejection when prospecting. Which habit best builds resilience?
Prospecting only when business is slow
Daily prospecting goals with tracking and review
Ignoring feedback on scripts
Avoiding outreach after a bad call
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True or False: Fair housing laws allow steering buyers to certain neighborhoods based on their protected characteristics if they request it.
False
True
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True or False: The MLS is primarily a public website for buyers to browse listings without agent input.
True
False
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Which best explains a typical commission split for a new agent at many brokerages?
Commission is split between agent and brokerage, sometimes with a cap
All commission goes only to the listing brokerage forever
Agent keeps 100% from day one with no fees anywhere
Commissions are illegal in real estate
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You are preparing a listing. Which disclosure duty generally applies to agents?
Keep all property issues confidential to protect the sale
Only disclose after closing
Disclose known material facts affecting value or desirability
Disclose only what benefits the seller
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True or False: A buyer's pre-approval letter confirms funding is guaranteed regardless of appraisal or underwriting.
True
False
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True or False: Dual agency is legal in every U.S. state.
True
False
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Which negotiation approach best serves your fiduciary duty to a buyer client in a competitive market?
Avoid communicating counteroffers promptly
Present data-driven pricing and discuss terms like contingencies and timing
Focus only on price and ignore terms
Submit any offer without reviewing comps
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True or False: You can advertise another broker's listing as your own without permission if it helps generate leads.
True
False
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True or False: Stigmatized property disclosures are identical and required the same way in every state.
False
True
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You're advising an investor client. Which metric is most relevant to income property valuation basics?
Seller's favorite color
Cap rate derived from NOI and price
The painter's hourly rate
Number of bedrooms only
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True or False: The Equal Housing Opportunity logo is optional in all housing-related advertisements by law.
True
False
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Study Outcomes

  1. Understand Key Agent Competencies -

    Identify the essential skills and qualities that successful real estate agents possess, helping you pinpoint your strengths and areas for growth.

  2. Assess Sales and Negotiation Aptitude -

    Gauge your ability to persuade, close deals, and manage client relationships to see if your sales instincts align with the realtor role.

  3. Evaluate Market Knowledge -

    Measure your familiarity with local housing trends, pricing strategies, and market research to determine your readiness for real estate challenges.

  4. Gauge Client Service Orientation -

    Determine how well you can handle client expectations, communication needs, and relationship-building essential to real estate success.

  5. Analyze Lifestyle Fit -

    Explore whether the flexible schedule, commission-based income, and networking demands of a real estate career align with your personal goals.

  6. Explore Next Steps for Licensing -

    Receive clear guidance on the licensing process and educational requirements to help you plan your path toward becoming a real estate agent.

Cheat Sheet

  1. Licensing & Legal Requirements -

    Every aspiring realtor must complete state-mandated pre-licensing coursework and pass the licensing exam (e.g., 60 - 90 hours of study per NAR guidelines). Keep track of continuing education units (CEUs) to renew your license on time and stay compliant with Fair Housing laws and local regulations.

  2. Market Analysis & Pricing Strategy -

    Master the Comparative Market Analysis (CMA) by gathering 3 - 5 recent sales of similar properties within a one-mile radius; calculate average price per square foot to recommend a competitive list price. A simple formula: CMA Price = (Sum of Comparable Prices ÷ Number of Comparables) × Adjustment Factor.

  3. Commission Structures & Financial Planning -

    Understand Gross Commission Income (GCI) = Sale Price × Commission Rate (e.g., $300,000 × 3% = $9,000), then subtract brokerage splits and expenses to forecast net earnings. Build a budget with conservative sales projections - using the 80/20 rule from Pareto's Principle helps you focus on the top 20% of activities that generate 80% of your income.

  4. Client Relationship & Communication Skills -

    Develop active listening and empathy by practicing the "3R" technique: Repeat, Reflect, and Respond, which boosts trust and leads to referrals (Harvard Business Review). Set SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound) for each client interaction to ensure clarity and accountability.

  5. Lead Generation & Conversion Techniques -

    Implement the LAMP framework - Lead capture (social ads), Approach (personalized email), Meeting (virtual/in-person), Presentation (value pitch) - to boost conversion rates by up to 25% (Cornell Real Estate Review). Don't overlook sphere marketing: reach out to 10 past clients weekly for referrals and maintain a CRM system for consistent follow-up.

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