PAGE 1
000 A000000 04/30/2012
000 C000000 0001368893
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 BLACKROCK REAL ASSET EQUITY TRUST
001 B000000 811-21931
001 C000000 8888252257
002 A000000 100 BELLEVUE PARKWAY
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19809
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
008 A000001 BLACKROCK ADVISORS, LLC
008 B000001 A
008 C000001 801-47710
008 D010001 WILMINGTON
008 D020001 DE
008 D030001 19809
008 A000002 BLACKROCK INVESTMENT MANAGEMENT, LLC
008 B000002 S
008 C000002 801-56972
008 D010002 PLAINSBORO
008 D020002 NJ
008 D030002 08536
008 A000003 BLACKROCK INTERNATIONAL LIMITED
008 B000003 S
008 C000003 801-51087
008 D010003 EDINBURGH
008 D050003 United Kingdom
008 D060003 EH3 8JB
008 A000004 BLACKROCK CAPITAL MANAGEMENT, INC.
008 B000004 S
008 C000004 801-57038
008 D010004 WILMINGTON
008 D020004 DE
008 D030004 19809
012 A000001 COMPUTERSHARE TRUST COMPANY, N.A.
012 B000001 84-05925
012 C010001 CANTON
012 C020001 MA
PAGE 2
012 C030001 02021
012 C040001 1011
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
014 A000001 BLACKROCK CAPITAL MARKETS, LLC
014 B000001 8-67827
014 A000002 BLACKROCK EXECUTION SERVICES
014 B000002 8-00000
014 A000003 BLACKROCK INVESTMENTS, LLC
014 B000003 8-48436
014 A000004 HARRIS WILLIAMS LLC
014 B000004 8-53380
014 A000005 PNC CAPITAL MARKETS, INC.
014 B000005 8-032493
014 A000006 PNC INVESTMENTS LLC
014 B000006 8-066195
015 A000001 THE BANK OF NEW YORK MELLON
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 291
019 C000000 BLKRKADVSR
020 A000001 MORGAN STANLEY
020 B000001 13-2655998
020 C000001 74
020 A000002 UBS SECURITIES
020 B000002 13-2932996
020 C000002 55
020 A000003 CITIGROUP
020 B000003 11-2418191
020 C000003 51
020 A000004 TD SECURITIES (USA) LLC
020 B000004 20-1177269
020 C000004 37
020 A000005 DEUTSCHE BANK SECURITIES INC.
020 B000005 13-2730828
020 C000005 33
020 A000006 CREDIT SUISSE FIRST BOSTON
020 B000006 13-5659485
020 C000006 32
020 A000007 RBC DOMINION SECURITIES, INC.
020 C000007 28
020 A000008 JEFFERIES & COMPANY
020 B000008 95-2622900
020 C000008 23
PAGE 3
020 A000009 GOLDMAN SACHS & CO.
020 B000009 13-5108880
020 C000009 17
020 A000010 RBC CAPITAL MARKETS CORP.
020 B000010 13-5033225
020 C000010 16
021 000000 437
022 A000001 UBS SECURITIES
022 B000001 13-2932996
022 C000001 18526
022 D000001 143971
022 A000002 RBC CAPITAL MARKETS CORP.
022 B000002 13-5033225
022 C000002 63557
022 D000002 4862
022 A000003 MORGAN STANLEY & CO., INC.
022 B000003 13-2655998
022 C000003 37701
022 D000003 21515
022 A000004 CITIGROUP, INC.
022 B000004 11-2418191
022 C000004 33605
022 D000004 2200
022 A000005 CREDIT SUISSE SECURITIES LLC
022 B000005 13-5699485
022 C000005 24566
022 D000005 8118
022 A000006 BARCLAYS CAPITAL, INC.
022 B000006 06-1031656
022 C000006 29087
022 D000006 0
022 A000007 DEUTSCHE BANK SECURITIES, INC.
022 B000007 13-2730828
022 C000007 17531
022 D000007 2145
022 A000008 GOLDMAN SACHS & CO.
022 B000008 13-5108880
022 C000008 11774
022 D000008 1218
022 A000009 MERRILL LYNCH
022 B000009 13-5674085
022 C000009 1828
022 D000009 11035
022 A000010 BMO CAPITAL MARKETS CORP.
022 B000010 13-3459853
022 C000010 4743
022 D000010 5863
023 C000000 279245
023 D000000 222428
024 000000 N
026 A000000 N
PAGE 4
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
PAGE 5
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 1.200
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
PAGE 6
054 L000000 Y
054 M000000 N
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 Y
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 Y
070 C010000 Y
070 C020000 N
070 D010000 Y
PAGE 7
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 Y
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 285688
071 B000000 283420
071 C000000 673778
071 D000000 42
072 A000000 6
072 B000000 0
072 C000000 7200
072 D000000 0
072 E000000 11
072 F000000 4179
072 G000000 0
072 H000000 0
072 I000000 6
072 J000000 110
072 K000000 0
072 L000000 80
072 M000000 52
072 N000000 14
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 24
PAGE 8
072 S000000 42
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 38
072 X000000 4545
072 Y000000 535
072 Z000000 3201
072AA000000 43618
072BB000000 32126
072CC010000 0
072CC020000 5806
072DD010000 31079
072DD020000 0
072EE000000 0
073 A010000 0.5400
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 222
074 B000000 0
074 C000000 0
074 D000000 0
074 E000000 0
074 F000000 663123
074 G000000 0
074 H000000 0
074 I000000 36615
074 J000000 3072
074 K000000 6
074 L000000 1306
074 M000000 372
074 N000000 704716
074 O000000 4218
074 P000000 787
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 5006
074 R040000 4980
074 S000000 0
074 T000000 689725
074 U010000 57173
074 U020000 0
074 V010000 12.06
074 V020000 0.00
074 W000000 0.0000
074 X000000 53873
074 Y000000 0
075 A000000 0
075 B000000 700458
PAGE 9
076 000000 11.81
077 A000000 N
078 000000 N
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 COMMON
087 A020000 09254B109
087 A030000 BCF
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE BOB MAURER
TITLE MANAGER