Updated September 2023 With New Questions For The State Exam!

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Real Estate Salesperson Practice Exams

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These Practice Exams Have Been Specifically Designed For The 2023 California Salesperson Exam

What's Included:

Over 2,000 Questions
Topic Specific Exams
Unlimited Simulators
State Exam Flash Cards
Real Estate Glossary
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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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Real Estate Broker Practice Exams

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State Exam Flash Cards
Real Estate Glossary
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Our State Exam Preparation System Involves Three Key Areas

Crash Courses

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

Practice Exams

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

Refreshers

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

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

Laws of Agency	Before an application can be filed for payment from the recovery account, a lawsuit must be filed in court and a civil judgment must be granted from the court against a TREC license holder. The lawsuit must be filed in court within two years from the violation.
Contracts	A valid contract must contain capacity, mutuality, lawful object and sufficient consideration. If it is a real estate contract, it must be in writing.
Financing	Agents should not make any statements or take any actions that could be perceived as discriminatory or in violation of fair housing laws.
Practice & Disclosures	The maximum term for a residential leasehold in Hawaii is 55 years.
Property Ownership	An easement in gross goes to a person, whereas an appurtenant easement goes with the land.
Transfer of Property	If one party fails to perform their obligations within the specified time frame, the other party may have the right to cancel the contract and seek legal remedies.
Valuation & Analysis	Equity is market value minus liens. Exchanges are based on equity values.

Sunday's Free Practice Questions

Which of the following are necessary for a real property conditional installment sales contract to be valid

A.) Consideration, offer and acceptance, mutuality, competent parties, legally sufficient writing

B.) Consideration, offer and acceptance, expressed time element, price

C.) Lawful object, competent parties, meeting of the minds, legally sufficient writing

D.) Consideration, offer and acceptance, lawful object, competent parties, legally sufficient writing

This Is A Contracts Question

You Answered:

Which of the following are necessary for a real property conditional installment sales contract to be valid

Correct Answer:
Consideration, offer and acceptance, lawful object, competent parties, legally sufficient writing

The five legal essentials in any contract are: Lawful object, In writing, Consideration, Competent parties and Offer with acceptance. Remember this as LICCO.

Next Question →

The Real Estate Settlement Procedures Act would apply to which of the following loans

A.) A first loan used to finance a property for immediate resale

B.) A loan for the purchase of commercial property

C.) A loan for the purchase of farmland

D.) A loan for the purchase of a duplex

This Is A Financing Question

You Answered:

The Real Estate Settlement Procedures Act would apply to which of the following loans

Correct Answer:
A loan for the purchase of a duplex

RESPA applies to a loan for the purchase of one-to-four unit residential properties, except those purchased for immediate resale.

Next Question →

All of the following are good and valid reasons for an appraiser to make a separate site and improvement evaluation, except

A.) Applying a residual technique

B.) To determine building obsolescence

C.) For taxation purposes

D.) To determine amount of the appraiser's fee

This Is A Valuation & Analysis Question

You Answered:

All of the following are good and valid reasons for an appraiser to make a separate site and improvement evaluation, except

Correct Answer:
To determine amount of the appraiser's fee

The appraiser's fee would have nothing to do with a separate site and improvement evaluation.

Next Question →

In order for a deed to be valid it must contain all of the following, except

A.) Legal description of the property

B.) A granting clause expressing the conveyance

C.) Enough information in the deed to identify the grantee

D.) The deed must state the earnest money put forth

This Is A Transfer of Property Question

You Answered:

In order for a deed to be valid it must contain all of the following, except

Correct Answer:
The deed must state the earnest money put forth

A, B & C all all required items that must be included in a valid deed.

Next Question →

Of the following, which one must be recorded for validity

A.) A quitclaim deed

B.) A declaration of abandonment

C.) Assignment of a second trust deed

D.) All of these

This Is A Transfer of Property Question

You Answered:

Of the following, which one must be recorded for validity

Correct Answer:
A declaration of abandonment

A homestead can be abandoned by a declaration of abandonment, but that document must be recorded for validity.

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.