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Updated March 2023 With New Questions For The State Exam!


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California Salesperson State Exam Prep

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California Broker State Exam Prep


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:


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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Get a 7-day subscription to our Salesperson Specific Exam Prep.

One Month Of Access

$74.99

Get a 30-day subscription to our Salesperson Specific Exam Prep.

One Year Of Access

$94.99

Get a 365-day subscription to our Salesperson Specific Exam Prep.



Real Estate Broker Practice Exams



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The Broker Exam Is Not Hard When You Are Prepared!


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.



One Week Of Access

$59.99


This Will Add A 7 Day Subscription To Our Broker Exam Prep



One Month Of Access

$79.99


This Will Add A 30 Day Subscription To Our Broker Exam Prep



One Year Of Access

$99.99


This Will Add A 365 Day Subscription To Our Broker Exam Prep





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


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

Laws of Agency

Regardless of whether or not a buyer has the right of rescission, a broker is still required to make a full disclosure.

Contracts

Every party who signs a contract must receive a copy at the time they are signed.

Financing

Purchase-money transactions do not allow a deficiency judgment.

Practice & Disclosures

An injured party has 2 years to file a legal action on the Transfer Disclosure Statement. An amendment to the TDS has a three-day right of rescission.

Property Ownership

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

Transfer of Property

Separate property is divided when there is no will. One-third goes to the surviving spouse, and the other two-thirds goes to the two or more children.

Valuation & Analysis

An appraiser must be a certified general licensee to be able to appraise a commercial property thats value exceeds $250,000.

Friday's Free Practice Questions

When real property increases in value because of an increase in population, this would be classified as


A.) Economic value
B.) Economic obsolescence
C.) An unearned increment
D.) None of the above


A
B
C
D

This Is A Valuation & Analysis Question



You Answered:


When real property increases in value because of an increase in population, this would be classified as


Correct Answer:
An unearned increment

An unearned increment of value results from an increase in population in a particular area which forces the values of real estate to go up.



Next Question →

In regards to sources of financing in the primary mortgage market, who normally specializes in large-scale projects and mortgage packages


A.) Savings and loan associations
B.) Insurance companies
C.) Commercial banks
D.) REITs


A
B
C
D

This Is A Financing Question


You Answered:

In regards to sources of financing in the primary mortgage market, who normally specializes in large-scale projects and mortgage packages


Correct Answer:
Insurance companies

Insurance companies normally specialize in large-scale projects and mortgage packages.



Next Question →

The fastest and easiest method of arriving at building cost estimates is the


A.) Unit-in-place method
B.) Comparitive method
C.) Quantity survey method
D.) Cubic foot method


A
B
C
D

This Is A Valuation & Analysis Question


You Answered:

The fastest and easiest method of arriving at building cost estimates is the


Correct Answer:
Cubic foot method

An appraiser would use a square foot or cubic foot factor to estimate the current cost of construction.



Next Question →

Julie has purchased an 30-unit apartment building. If she reports her income on a cash basis, she can deduct all of the following on her next income tax return, except


A.) Loss of rental because of vacancies suffered by two units
B.) The cost of redecorating two vacant units
C.) Interest payments on the second trust deed
D.) Depreciation when the value of the property has increased


A
B
C
D

This Is A Property Ownership Question


You Answered:

Julie has purchased an 30-unit apartment building. If she reports her income on a cash basis, she can deduct all of the following on her next income tax return, except


Correct Answer:
Loss of rental because of vacancies suffered by two units

Vacancies are not deducted from income, they are just not reported as income. The other expenses can be deducted from income.



Next Question →

Which of the following would be a less-than-freehold estate


A.) Mortgaged property
B.) A lease
C.) Fee simple estate
D.) A property with several deed restrictions


A
B
C
D

This Is A Property Ownership Question


You Answered:

Which of the following would be a less-than-freehold estate


Correct Answer:
A lease

A lease is an estate for years and is classified as a less-than-freehold estate.



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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