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Updated April 2024 With New Questions For The State Exam!


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California Salesperson State Exam Prep

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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:


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


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

Laws of Agency

The maximum commission that can be charged by a licensee to act as an agent is negotiable.

Contracts

A Unilateral contract binds one party

Financing

A good line of credit at a bank must be maintained by mortgage bankers.

Practice & Disclosures

Both actual and punitive damages are possible under the Unruh Civil Rights Act.

Property Ownership

The expression Miles square is in regards to shape, where Square Miles actually means area or content. It is important to know the difference.

Transfer of Property

The grantor, not grantee, must sign a grant deed.

Valuation & Analysis

Equity is market value minus liens. Exchanges are based on equity values.

Friday's Free Practice Questions

Broker Adams obtained an exclusive right to sell listing on Carson's home. This listing also gave Adams the option to buy the home for the listing price. Prior to or at the time of exercising the option, Adams must


A.) Show a good faith effort to sell the property to a qualified buyer
B.) Obtain Carson's permission to exercise the option
C.) Reveal any profit in writing and obtain Carson's permission to exercise the option
D.) None of the above


A
B
C
D

This Is A Laws of Agency Question



You Answered:


Broker Adams obtained an exclusive right to sell listing on Carson's home. This listing also gave Adams the option to buy the home for the listing price. Prior to or at the time of exercising the option, Adams must


Correct Answer:
Reveal any profit in writing and obtain Carson's permission to exercise the option

Since the broker has a listing, the broker has a fiduciary obligation to the seller and therefore must reveal any profit in the transaction and obtain the seller's written permission to exercise the option.



Next Question →

In a shopping center, who would not be considered a prime tenant


A.) A chain five and dime store
B.) A specialty shop
C.) A grocery store
D.) A department store


A
B
C
D

This Is A Valuation & Analysis Question


You Answered:

In a shopping center, who would not be considered a prime tenant


Correct Answer:
A specialty shop

A prime tenant is a major tenant. All of the other choices would be so considered.



Next Question →

Of the following, which best characterizes the term "single agency"


A.) It is a misnomer
B.) There are always two brokers in every transaction
C.) One agent represents both seller and buyer in the same transaction
D.) The agent represents one client in dealings with third party people


A
B
C
D

This Is A Question


You Answered:

Of the following, which best characterizes the term "single agency"


Correct Answer:
The agent represents one client in dealings with third party people

A single agency is the practice of representing either the buyer or the seller but never both in the same transaction. The single-agency broker may be compensated indirectly through an authorized commission split or directly by the principal who employed the agent to represent him or her.



Next Question →

In income-producing property valued by the capitalization approach, if the property taxes decrease and all else remains equal, the property value will


A.) Increase more than the amount of the annual tax increase
B.) Decrease more than the amount of the annual tax increase
C.) Decrease an amount equal to the amount of the annual tax increase
D.) Increase an amount equal to the amount of the annual tax increase


A
B
C
D

This Is A Valuation & Analysis Question


You Answered:

In income-producing property valued by the capitalization approach, if the property taxes decrease and all else remains equal, the property value will


Correct Answer:
Increase more than the amount of the annual tax increase

As far as the property taxes decreasing, that means the expenses decreased, and therefore, if the same capitalization rate is used, the value would increase. The value will increase more than the amount of the annual taxes because of the capitalization rate being a multiplying factor.



Next Question →

The buyer's earnest money deposit may be


A.) A promissory note
B.) A check written out to escrow
C.) Jewelry
D.) Any of the above


A
B
C
D

This Is A Contracts Question


You Answered:

The buyer's earnest money deposit may be


Correct Answer:
Any of the above

A deposit on real property may be anything of value.



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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