The Seller Representative Specialist (SRS) designation from the Real Estate Business Institute is for REALTORS® who want to focus on representing sellers. This page collects free practice sets on valuation, negotiation, contracts, marketing and client relations. It also shows three worked questions with full explanations and summarizes the fees, the 80% online exam score and the retake rule from the official site.
Numbers in brackets link to the official sources listed under Sources & last verified. Dates that have passed are removed automatically.
| Item | Detail | Source · Verified |
|---|---|---|
| Passing score (online exam) | 80%[1] | Real Estate Business Institute · Oct 27, 2026 |
| Exam fee (international designation fee) | $200 one-time[2] | Real Estate Business Institute · Oct 27, 2026 |
| Exam fee (online self-paced) | $295[1] | Real Estate Business Institute · Oct 27, 2026 |
| Retake fee (online exam) | $25 per attempt[3] | Real Estate Business Institute · Oct 27, 2026 |
| Retake policy (online exam) | Purchase retake; instructions emailed within 2 business days[3] | Real Estate Business Institute · Oct 27, 2026 |
| Validity | First 12 months complimentary, then prorated annual renewal[4] | Real Estate Business Institute · Oct 27, 2026 |
| Renewal | $99 per year (July 1 – June 30)[4] | Real Estate Business Institute · Oct 27, 2026 |
| Delivery | Instructor-led classroom, virtual broadcast, or self-paced online[5] | Real Estate Business Institute · Oct 27, 2026 |
| Eligibility | Active NAR membership + SRS Course + 1 approved elective course[2] | Real Estate Business Institute · Oct 27, 2026 |
According to Real Estate Business Institute, “Final Exam. Once you have completed the course, you will be required to complete a multiple choice / true-false exam. A score of 80% or higher is required to receive credit.”[1]
The SRS designation is issued by the Real Estate Business Institute and centers on working with sellers. To earn it, you need active membership in the National Association of REALTORS® (you will give your NRDS/M1 I.D. number on the application), the SRS course, and 1 approved elective course.
The course can be taken in an instructor-led classroom, as a virtual broadcast, or self-paced online. The online version can be finished in one sitting or spread over several weeks. It costs $295 and is non-refundable and non-transferable. After the course there is a multiple choice and true/false final exam, and a score of 80% or higher is required to receive credit.
If you do not reach 80%, you can buy a retake of the online exam for $25 per attempt. Instructions are emailed to you, and the site says to allow up to 2 business days for processing, so do not schedule a retake for the same afternoon.
After the course and exam, you submit the application with a one-time $200 designation fee. Your first 12 months are complimentary. After that, renewal is $99 per year for the period July 1 to June 30, prorated at the start.
Fees, formats and requirements can change, and classroom or broadcast versions may be priced or examined differently from the online course. Check the Real Estate Business Institute pages before you pay for anything.
Prepare for the SRS - Seller Representative Specialist exam with our free practice test modules. Each quiz covers key topics to help you pass on your first try.
These are practice questions written for this site, not questions from the real exam. Each explanation shows why the right answer is right and why the others are wrong.
Question: A buyer is willing to pay no more than the cost of an equally desirable substitute property. This is the principle of:
Answer: C. Substitution
Explanation:
Substitution is correct. A buyer will not pay more for a property than it would cost to acquire an equally desirable alternative, which is why the sales comparison approach rests on it.
Conformity describes value being supported when a property is similar to its surroundings. Progression describes a lesser property gaining value from being near better ones. Balance concerns the right mix of land uses and property features. None of those say anything about a buyer comparing alternatives.
Rule to remember: if the wording is about a buyer choosing between equal options, think substitution. If it is about neighbors raising or lowering value, think progression or regression.
Question: Why should a seller representative confirm the seller's mortgage payoff amount early in the transaction?
Answer: B. To identify any shortfall that could prevent closing
Explanation:
Confirming the payoff early is correct because it shows whether sale proceeds will cover the seller's liens. If there is a shortfall, you want to learn about it while there is still time to adjust the price, negotiate, or find other funds, not at the closing table.
Commission is set by the listing agreement, not by the loan balance. The final walkthrough is scheduled around the buyer's closing timeline. The buyer's interest rate depends on the buyer's own lender and has nothing to do with the seller's mortgage.
Rule to remember: check anything that could block a clean title or a closing as early as possible.
Question: Which adjustment is typically made FIRST when building an adjusted comparable grid?
Answer: D. Financing and conditions of sale
Explanation:
Financing and conditions of sale is correct. Transactional adjustments, such as unusual financing terms or a sale between related parties, are made before market-time and physical adjustments. They affect what price the comparable really represents.
Square footage, bedroom count and lot size are physical differences between the properties. They are applied after the price has been brought to a normal, arm's-length basis. Adjusting them early would mix a distorted price with physical corrections.
Rule to remember: clean up the price itself first, then adjust for time, and then for physical features.
Start with the official Real Estate Business Institute course material, since the final exam is based on it. Use these practice sets to find out what you did not retain, not as a replacement for the course.
Take a short set after each course module while the material is fresh. For valuation, try SRS Property Valuation and SRS Market Analysis. For the listing conversation, use SRS Listing Presentations & Seller Consultations and SRS Client Relations. For deal mechanics, use SRS Contract Law, SRS Negotiation Techniques and SRS Transaction Coordination.
Keep a short list of every question you miss and write the rule behind it in your own words. Read the explanation even when you answered correctly, because a lucky guess does not help on exam day. Then return to the course notes for each weak topic and retake the set a few days later.
Near the end, run the full practice test in one sitting without notes. Aim to be clearly above 80%, since that is the required score. Our questions are written by us and are not real exam questions, so expect the wording on the actual exam to differ.
For the online course, the final exam is multiple choice and true/false, and a score of 80% or higher is required to receive credit. Classroom and broadcast versions may be handled differently, so confirm the requirement for your format on the Real Estate Business Institute website before you register.
The self-paced online course costs $295 and is non-refundable and non-transferable. The designation application carries a one-time $200 fee. Renewal is $99 per year for the period July 1 to June 30, and your first 12 months are complimentary, with the renewal date prorated afterward.
You can purchase a retake of the online exam for $25 per attempt. After you buy it, the Real Estate Business Institute emails instructions to the address on file. The site says to allow up to 2 business days for processing, so plan your timing with that delay in mind.
You must be an active member of the National Association of REALTORS®. You also need to complete the SRS course and 1 approved elective course. You will give your NRDS/M1 I.D. number on the application. Check the official requirements page for current details.
Yes. The course is offered self-paced online as well as in an instructor-led classroom or a virtual broadcast. In the self-paced version you can finish in one sitting or spread the work over several weeks to suit your schedule.
No. The questions are written by us with AI tools and are not taken from the real exam. They are meant to help you check your understanding of seller representation topics. The official course material and exam come from the Real Estate Business Institute, so use it as your main source.
How we verify: editorial & fact-checking policy. Report an error: contact us.