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Updated April 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


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

Laws of Agency

An agent acting as an agent for the buyer is not responsible for any misrepresentations made by the seller or the sellers agent.

Contracts

Statute of Limitations is what sets the maximum amount of time to initiate legal proceedings from the date of an alleged offense.

Financing

The federal agency known as HUD, oversees all housing matters in the US. This includes fair housing, redevelopments, FHA, etc.

Practice & Disclosures

Discriminatory activities by a real estate licensee can be called Panic Selling and Blockbusting. These are violations of the law.

Property Ownership

Tenant improvement allowances allow tenants to make improvements.

Transfer of Property

A land contract can also be referred to as a real property sales contract, installment sales contract, and an agreement for purchase or sale.

Valuation & Analysis

When interest rates increase, property value decreases. If rental income increases, property value increases.

Thursday's Free Practice Questions

During the winter time, an appraiser finds that the inside of an exterior wall of a building is colder than the other interior walls. The appraiser would come to the conclusion that


A.) The furnace is doing a bad job
B.) The wall insulation is inadequate
C.) Heat is leaking into outside walls
D.) The heating duct system is faulty


A
B
C
D

This Is A Valuation & Analysis Question


You Answered:


During the winter time, an appraiser finds that the inside of an exterior wall of a building is colder than the other interior walls. The appraiser would come to the conclusion that


Correct Answer:
The wall insulation is inadequate

If the inside of an exterior wall is colder than the other interior walls, then the insulation is inadequate for keeping the cold outside.



Next Question →

What type of loan starts with a low interest rate and features an escalation clause that allows the interest rate to increase over the course of the loan


A.) GPAM
B.) ARM
C.) Jumbo
D.) Balloon


A
B
C
D

This Is A Financing Question

You Answered:

What type of loan starts with a low interest rate and features an escalation clause that allows the interest rate to increase over the course of the loan


Correct Answer:
ARM

Adjustable Rate Mortgages (ARM) start with a low interest rate. Features an escalation clause that allows the interest rate to increase over the course of the loan. These are typically 3, 5 & 7 years.



Next Question →

Ownership rights and interests in real estate are called


A.) Liens or encumbrances
B.) Absolute land sales agreement
C.) Estates or fees
D.) All of the above


A
B
C
D

This Is A Property Ownership Question

You Answered:

Ownership rights and interests in real estate are called


Correct Answer:
Estates or fees

Estates or fees deal with the degree, quantity, nature and extent of ownership rights along with interest in real estate.



Next Question →

Which of the following does not represent a fraudulent misrepresentation by an agent


A.) His representation is an obvious falsehood
B.) His representation is made with a knowledge of the falsehood
C.) His representation caused the aggrieved party to enter into the contract
D.) His representation of an obvious material fact


A
B
C
D

This Is A Laws of Agency Question

You Answered:

Which of the following does not represent a fraudulent misrepresentation by an agent


Correct Answer:
His representation of an obvious material fact

All of these are examples of fraudulent misrepresentations by an agent except for representation of an obvious material fact.



Next Question →

In order for a contract to be valid, it must have consideration. Valuable Consideration may be


A.) Anything which the parties deem to be of value
B.) $1 or more
C.) The performing of services by one or both parties
D.) Any of the above


A
B
C
D

This Is A Contracts Question

You Answered:

In order for a contract to be valid, it must have consideration. Valuable Consideration may be


Correct Answer:
Any of the above

All of these would be considered valuable consideration.



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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