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Updated May 2024 With New Questions For The State Exam!


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These Practice Exams Have Been Specifically Designed For The 2024 California Salesperson Exam


What's Included:


All of our questions are current and explain why a certain answer is correct. These explainations are the key, "why an answer is correct". If you understand the "why", we can ask you the question ten different ways (and we will with over 2,000 questions) and you'll know the answer.


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Our State Exam Preparation System Involves Three Key Areas


Crash Courses
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Designed To Teach You Everything That You Need To Know To Pass The State Exam.

Practice Exams
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Learn How To Breakdown The Questions On The Exam & Test Your Level Of Readiness.

Refreshers
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There Is A Lot Of Information To Remember. These Are Designed To Refresh On All The Topics.




The Key To Passing The State Exam Is Understanding The Seven Topic Areas


Saturday's Free Key Points
Key Point's are important bulletpoints that relate to state exam topics.

Laws of Agency

An agency by ratification is when first an agent acts without the authority of the principal and then later the principal accepts the act of the agent.

Contracts

A Unilateral contract binds one party

Financing

The salability, or negotiability of a note is not affected by an acceleration clause. It actually might enhance it desirability to the notes buyer.

Practice & Disclosures

Gross income minus commissions is considered the company dollar.

Property Ownership

Mechanics liens take priority over all other liens except taxes and any special assessments, which are equal.

Transfer of Property

A tenant who occupies a property after his or her rights have expired is called estate at sufferance.

Valuation & Analysis

A general partnership carries Joint And Several Liability for partnership debts.

Saturday's Free Practice Questions

Prior to the sale of a subdivision, a subdivider must show proof to the Real Estate Commissioner that


A.) Utilities, water, gas, and lights will be on the property
B.) Fill on the lots will not exceed 24 inches in depth
C.) Parcels of land can be used for the purpose stated
D.) Assessment bonds will not be used for off-site improvements


A
B
C
D

This Is A Property Ownership Question



You Answered:


Prior to the sale of a subdivision, a subdivider must show proof to the Real Estate Commissioner that


Correct Answer:
Parcels of land can be used for the purpose stated

The Real Estate Commissioner is very concerned that parcels of land in a subdivision be capable of being used for the purposes stated in the final report. The parcels may be sold without utilities, as long as they were not included in the report filed by the subdivider. Assessment bonds would be for sewers, street lights, curbs, etc.



Next Question →

As used in most deeds of trust, the term default refers to


A.) Use of the property for an illegal purpose or activity
B.) The refusal of the borrower to see that the property is adequately maintained
C.) Delinquent loan payments
D.) Any of the above


A
B
C
D

This Is A Financing Question


You Answered:

As used in most deeds of trust, the term default refers to


Correct Answer:
Any of the above

The usual deed of trust allows the beneficiary to declare a default when any of the acts listed occurs.



Next Question →

If the current highest and best use of a property is expected to change, the current use is referred to as


A.) The temporary use
B.) The transitional use
C.) The probable use
D.) The interim use


A
B
C
D

This Is A Valuation & Analysis Question


You Answered:

If the current highest and best use of a property is expected to change, the current use is referred to as


Correct Answer:
The interim use

This is an example of interim use.



Next Question →

Which of the following best defines the term Equity


A.) The owner's interest in real property, over and above all liens against it
B.) The difference between the purchase price and the value or price of the property
C.) The initial offering amount that was accepted on the property versus the payment on the property
D.) Any of the above


A
B
C
D

This Is A Financing Question


You Answered:

Which of the following best defines the term Equity


Correct Answer:
The owner's interest in real property, over and above all liens against it

Equity can be used to describe as the owner's interest in real property, over and above all liens against it



Next Question →

When using the market data method of appraising for a single-family residence, the unit of comparison is the


A.) Gross multiplier
B.) Cubic feet
C.) Entire property
D.) Capitalization rate


A
B
C
D

This Is A Valuation & Analysis Question


You Answered:

When using the market data method of appraising for a single-family residence, the unit of comparison is the


Correct Answer:
Entire property

The market data method compares the entire property being appraised to the entire property of the comparable.



Next Question →

Great Job!!!

We Strongly Believe That Passing The State Exam Involves Two Key Areas:
· Understanding The Topics On The State Exam
· Recognizing These Topics In The Questions

Our Salesperson Specific Exams will reinforce topics by utilizing over 2,000 questions & our Broker Specific Exams feature over 3,000 questions!

Crash Courses: Designed to help you understand the topics on the state exam.

Practice Exams: Reinforce topics and make it easier to recognize them in questions.


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