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Updated March 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


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

Laws of Agency

Real estate licenses must be kept in the main office of the employing broker. They are not required to be hung on the wall.

Contracts

An exclusive-right-to-sell listing is a bilateral executory agreement.

Financing

The California Department of Veterans Affairs holds the title to a home under a Cal-Vets loan. A Cal-Vet loan can be used to purchase a home or farm for a qualified veteran.

Practice & Disclosures

The seller of one to four dwelling units must disclose if there is a Mello-Roos Tax lien against the property. Mello-Roos municipal bonds are used to finance improvements of street, gutters, and sidewalks.

Property Ownership

A percentage lease is most commonly based on a percentage of the tenants monthly gross income.

Transfer of Property

A tenant who occupies a property after his or her rights have expired is called estate at sufferance.

Valuation & Analysis

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

Tuesday's Free Practice Questions

When the Real Estate Commissioner wishes to rescind approval of a new subdivision, he would likely do which of the following


A.) Issue an injunction against future sales of parcels in the subdivision
B.) Ask the sheriff to arrest the subdivider for fraud
C.) Demand that purchase monies be impounded until the victims have been issued full refunds
D.) Issue a desist and refrain order


A
B
C
D

This Is A Property Ownership Question



You Answered:


When the Real Estate Commissioner wishes to rescind approval of a new subdivision, he would likely do which of the following


Correct Answer:
Issue a desist and refrain order

If the Commissioner wants to rescind approval of the subdivision they want the subdivider to immediately stop selling the parcels. A desist and refrain order would stop the subdivider's activity at once.



Next Question →

The Federal National Mortgage Association (FNMA) is concerned primarily with the development of


A.) The secondary market for FHA and VA loans originated in the primary market
B.) The primary market for FHA and VA loans originated in the secondary market
C.) The primary market for conventional loans
D.) Private money investors lending money in the residential market


A
B
C
D

This Is A Financing Question


You Answered:

The Federal National Mortgage Association (FNMA) is concerned primarily with the development of


Correct Answer:
The secondary market for FHA and VA loans originated in the primary market

FNMA is a secondary market organization which deals in loans that are originated in the primary market.



Next Question →

Companies that issue private mortgage insurance normally secure a majority of their financial resources from


A.) The Open Market transactions of the Federal Reserve Board
B.) The Federal Savings and Loan Association
C.) Premiums earned on pooled insurance policies and stock or debt issues
D.) None of the above


A
B
C
D

This Is A Financing Question


You Answered:

Companies that issue private mortgage insurance normally secure a majority of their financial resources from


Correct Answer:
Premiums earned on pooled insurance policies and stock or debt issues

Statement of fact.



Next Question →

In regards to real estate brokerage, which of the following statements is correct


A.) The commission a broker may charge for the sale of a home is limited by law
B.) In an exclusive agency listing, a seller may sell without being liable for a commission
C.) All agreements to divide commissions between cooperating brokers must be in writing
D.) Under no circumstances may a broker collect a commission if a sale is consummated after a listing has expired.


A
B
C
D

This Is A Practice & Disclosures Question


You Answered:

In regards to real estate brokerage, which of the following statements is correct


Correct Answer:
In an exclusive agency listing, a seller may sell without being liable for a commission

In an exclusive agency listing, if a seller sells his own property, the listing broker is entitled to no commission.



Next Question →

Of the following, what would cause the suspension or revocation of the broker's real estate license by the Real Estate Commissioner


A.) Continually creating implied agencies
B.) Discrimination complaint regarding the Fair Housing Act
C.) Referring clients to a particular escrow company in which they received no compensation
D.) All of the above


A
B
C
D

This Is A Practice & Disclosures Question


You Answered:

Of the following, what would cause the suspension or revocation of the broker's real estate license by the Real Estate Commissioner


Correct Answer:
Discrimination complaint regarding the Fair Housing Act

When the investigation of a discrimination complaint is filed against a broker and they find that the broker has violated the Real Estate Commissioner's Regulations concerning Fair Housing, the Commissioner can suspend or revoke the broker's license.



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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