CRECI Study Guide 2026

Everything you need to pass the CRECI exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.

📋 CRECI Exam Format at a Glance

Questions

90 min

Time Limit

75.00%

Passing Score

Take a Full CRECI Exam Simulation →

📚 CRECI Topics to Study (83)

See all 83 topics as flashcards →

✍️ Sample CRECI Questions & Answers

1. A commercial tenant subleases part of its space without the landlord's consent, violating the lease. What remedy can the landlord typically pursue?

✓ Terminate the lease for breach of its terms

An unauthorized sublease is a material breach of the lease, entitling the landlord to terminate the lease agreement.

2. An investor purchases a property for $2,000,000 with an NOI of $140,000. What is the cap rate?

✓ 7.0%

$140,000 / $2,000,000 = 0.07 or 7.0% cap rate.

3. What is the primary purpose of a landlord requiring a personal guarantee from a commercial tenant?

✓ To hold the individual principals liable if the business entity defaults on rent

A personal guarantee makes individual principals personally responsible for lease obligations if the business entity fails to pay.

4. A commercial landlord sells the property mid-lease. Under the doctrine of 'sale does not break a lease,' what happens to the existing tenant's lease?

✓ The lease remains binding on the new owner

A recorded lease runs with the land and binds subsequent purchasers, meaning the new owner inherits all existing lease obligations.

5. Which document type is most commonly required as proof of a completed transaction for CCIM experience verification?

✓ A signed closing statement, commission voucher, or verified closing disclosure

Actual closed transactions must be verified with closing documentation such as a HUD-1, CD, or commission records.

6. What is the 'break-even occupancy rate' for a commercial property?

✓ The occupancy level at which income exactly covers operating expenses and debt service

Break-even occupancy is the point at which rental income covers all operating expenses and mortgage payments, with no profit or loss.

🎯 Free CRECI Practice Tests

Market Analysis and Economics · 7 questions Education & Training Programs · 7 questions Market Analysis and Economics · 7 questions Market Analysis and Economics · 7 questions Market Analysis and Economics · 7 questions Education & Training Programs · 7 questions Investment Analysis and Portfolio Strategy · 7 questions Investment Analysis and Portfolio Strategy · 7 questions Investment Analysis and Portfolio Strategy · 7 questions Education & Training Programs · 7 questions

📖 CRECI Guides & Articles

Your CRECI Study Path

1. Learn with Flashcards → 2. Drill Practice Tests → 3. Take the Full Exam Simulation

🃏 Flashcards (565)🏆 Exam Simulation