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Updated March 2024 With New Questions For The State Exam!


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These Practice Exams Have Been Specifically Designed For The 2023 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


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

Laws of Agency

A buyer-Broker Representation Agreement must be in writing.

Contracts

Earnest money is not needed in a contract, Consideration is

Financing

When the Feds sell bonds from their portfolio, they pull money out of the market, which slows down economic activity.

Practice & Disclosures

The National Association of Realtors own the term Realtor and may only be used by members of the association.

Property Ownership

A lease that is for up to one-year can he made by an oral agreement.

Transfer of Property

A title insurance company does not cover known defects at the time of transfer.

Valuation & Analysis

Land is always appraised separately as if vacant and available for highest and best use.

Monday's Free Practice Questions

Two or more people can own as joint tenants


A.) A capitalization
B.) Real property only
C.) Personal property only
D.) Real or personal property


A
B
C
D

This Is A Property Ownership Question



You Answered:


Two or more people can own as joint tenants


Correct Answer:
Real or personal property

Either real or personal property can be owned in joint tenancy.



Next Question →

An interest in real property can be acquired through Adverse Possession or by Prescription."The interest acquired by prescription is


A.) The right to use the land of another
B.) An equitable title
C.) A legal title
D.) A private grant


A
B
C
D

This Is A Transfer of Property Question


You Answered:

An interest in real property can be acquired through Adverse Possession or by Prescription."The interest acquired by prescription is


Correct Answer:
The right to use the land of another

Prescription refers to an easement, which is the right to use the property of another.



Next Question →

In reference to the listing agreement, the Hold Harmless clause protects the agent from liability for


A.) Any type of lawsuit
B.) Misrepresentations by the agent to third parties
C.) Misinformation given by the seller concerning the property
D.) Misinformation from the buyer concerning his finances


A
B
C
D

This Is A Contracts Question


You Answered:

In reference to the listing agreement, the Hold Harmless clause protects the agent from liability for


Correct Answer:
Misinformation given by the seller concerning the property

The Hold Harmless clause in a listing provides the agent with protection from liability for false information given by the seller.



Next Question →

Community apartment projects and condominiums come within the subdivision provisions of the California Real Estate Law when they contain how many units


A.) One or more
B.) Five or more
C.) Three or more
D.) Two or more


A
B
C
D

This Is A Property Ownership Question


You Answered:

Community apartment projects and condominiums come within the subdivision provisions of the California Real Estate Law when they contain how many units


Correct Answer:
Five or more

The Subdivision Law defines condominiums and apartment projects as subdivisions if they contain five or more units



Next Question →

Which of the following transactions would most likely produce a commission from both parties for a broker


A.) The sale of a business opportunity
B.) A tax-free exchange
C.) The negotiation of a loan
D.) A short-term lease


A
B
C
D

This Is A Laws of Agency Question


You Answered:

Which of the following transactions would most likely produce a commission from both parties for a broker


Correct Answer:
A tax-free exchange

When a broker negotiates an exchange of properties, he may have the opportunity to charge both parties a commission, but can do so only if there is full disclosure to both parties.



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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