Updated March 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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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

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

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

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

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

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

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.