An examination is made of dipole location errors in electroencephalogram (EEG) source analysis, due to not incorporating the ventricular system (VS), omitting a hole in the skull and underestimating skull conductivity. The simulations are performed for a large number of test dipoles in 3D using the finite difference method. The maximum dipole location error encountered, utilising 27 and 53 electrodes is 7.6 mm and 6.1 mm, respectively when omitting the VS, 5.6 mm and 5.2 mm, respectively when neglecting the hole in the skull, and 33.4 mm and 28.0 mm, respectively when underestimating skull conductivity. The largest location errors due to neglecting the VS can be found in the vicinity of the VS. The largest location errors due to omitting a hole can be found in the vicinity of the hole. At these positions the fitted dipoles are found close to the hole. When skull conductivity is underestimated, the dipole is fitted close to the skull-brain border in a radial direction for all test dipoles. It was found that the location errors due to underestimating skull conductivity are typically higher than those found due to neglecting the VS or neglecting a hole in the skull.