Real Estate Exam Topics

Everything's Covered!

Our exam system covers all of the topics you need to know in order to pass the National real estate exam:



  • Property Ownership

  • Land Use Controls And Regulations

  • Valuation And Market Analysis

  • Financing

  • General Principles Of Agency

  • Property Disclosures

  • Contracts

  • Leasing And Property Management

  • Transfer Of Title

  • Practice Of Real Estate

  • Real Estate Calculations

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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.

We Include All Of These Tools With Our System!


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Real Estate Salesperson Exam System



Toolbox We Include Every Tool!
  • Practice Questions
  • Crash Course Training
  • Topic Specific Exams
  • Unlimited Simulators
  • State Exam Flash Cards
  • Real Estate Glossary
  • State Exam Study Guide
  • State Exam Audio Series
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*Subscription time begins when the system is started, not when registered. Subscriptions must be used within one year from the registration date. All plans have discounted renewal options, if needed.



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Erik H.
License Masters makes the entire process as simple as possible and are quick to respond to any questions. I will 100% continue to use them in the future.

Heather T.
I PASSED! I highly recommend License Masters! I took their Crash Course the Saturday before my exam date.I also did their practice exams over and over until I got over 70%. Guess what?! I finished the exam FIRST and Passed! Woohoo! Do yourself a favor and work with License Masters. 💯😊🏡 You got this!

Najin I.
The crash course went over all the important concepts for the exam and the exam prep got me familiar to the types of questions you see on the actual exam. There were 10 practice exams (each 100 questions) and an exam simulator which had 150 questions. You could also do practice questions based on each specific topic which was super helpful. After finishing all the practice tests and the exam simulator I went to my state’s exam super confident and passed the first time. I didn’t use any study material other than the study guide and the practice questions from license masters and I thought that was more than enough. I highly recommend license master crash course and exam prep to anyone who is planning to take the California Salesperson exam.

Marisa D.
I passed my brokers exam on the first try. Having access to the material, the crash course review and the availability to ask clarifying questions was super helpful. Because I took the simulator tests a few times I knew I could finish the test in about two hours. This gave me confidence that I could stop and take a break when I needed to because I had plenty of time. I took a water break and was still the first one to finish. I would highly recommend this school to anyone who wishes to pass on the first try!! Thank you Lynda for being such an encouragement!!! Well worth the investment!!!!

Leilany S.
License Masters worked perfectly for me. I studied the flash cards and did at least 10 questions a day from their prep exams then when I knew I was ready, I sat down and did the 100 questions. I have a busy schedule so this 100% worked for me. I passed my Real Estate Exam first try. Taking the crash course near your exam date helps alot too. That package I took with me to study before I took my State Exam, it helped me retain the information. One thing I can advise is to use the flash cards and read the vocab as you are taking your pre license courses. That way you have some prior wisdom.

Mardi F.
I would highly recommend this school. I took the crash course on a Wednesday and then used all of their study materials and exams everyday up until my Broker's exam the following Tuesday. Ryan was so helpful and a great instructor. He also responded to emails right away. I passed my exam the first time!!

Petra M.
I highly recommend License Masters. I took the one day- crash course to help right before the exam and passed. Very professional and the instructor answered all of my questions.

Ludmila G.
Such a wonderful school, they helped us, my husband and me, tremendously. So patient and professional, very knowledgeable and thorough. I sincerely recommend LicenseMasters, you will be prepared and ready in no time.

Lizette M.
I had a very nice experience using their studying methods, was smooth and very easy to study. I truly recommend this school.



The Key To Passing The National Exam Is Understanding The Topic Areas


National Exam Topics Pie Chart


Saturday's Free Key Points
Key Point's are important bullet points that relate to National exam topic areas.

Property Ownership

Square Miles actually means area or content

Land Use Controls And Regulations

Eminent Domain refers to the power of the government to take private property and convert it into private or public use.

Valuation And Market Analysis

The four areas that contribute tyo value are known as DUST: Demand, utility, scarcity, transferability.

Financing

Annual Percentage Rate (APR) is the total cost of borrowing money, expressed as an annual percentage. Required by Truth In Lending Act (TILA).

General Principles Of Agency

An exclusive listing can run for any period of time that is agreed upon by the seller and the broker as long as it contains a definite, specified date of final and complete termination.

Property Disclosures

If there are concerns about the property's zoning or land use, it may be necessary to have a surveyor or land use attorney review the property's legal status.

Contracts

Implied Contracts are created by actions or evidence.

Leasing And Property Management

ADA requires that properties provide reasonable accommodations and modifications to individuals with disabilities, including making physical changes to the property, such as installing wheelchair ramps or lowering countertops.

Transfer Of Title

The escrow agent is responsible for holding the earnest money deposit and other funds related to the transaction until the closing.

Practice Of Real Estate

A landlord is not allowed to specify that they want to rent to a specific gender unless they are offering shared living spaces. The owner would be exempt from Federal Fair Housing laws if renting 4 or less rooms in a property they occupy. If renting to 5 or more the exemption does not apply.

Real Estate Calculations

Prorations refer to the split of expenses and income between the buyer and the seller, based on the number of days each party owns the property during the time in which the transaction takes place.

Saturday's Free Practice Questions

A reconstructed operating statement would include


A.) Payments on a trust deed
B.) Depreciation of the property for tax purposes
C.) Income taxes paid
D.) Costs of management


A
B
C
D

This Is A Question



You Answered:


A reconstructed operating statement would include


Correct Answer:
Costs of management

The operating statement on an income property should show costs of management.



Next Question →

A real estate broker


A.) May in no way encourage discrimination in the sale or rental of housing to anyone because of race, color, religion, or national origin
B.) Must act in the spirit of "do unto others as you would have them do unto you"
C.) Be color blind in dealings with his customers
D.) All of the above


A
B
C
D

This Is A Question


You Answered:

A real estate broker


Correct Answer:
All of the above

Answers A and C are true. By implication, answer B is also appropriate behavior, therefore, answer D is correct.



Next Question →

Of the following choices, which of the following is an example of functional obsolescence


A.) Increased crime rates
B.) Construction of a landfill nearby
C.) An inadequate floor plan
D.) None of the above


A
B
C
D

This Is A Question


You Answered:

Of the following choices, which of the following is an example of functional obsolescence


Correct Answer:
An inadequate floor plan

An inadequate floor plan is an example of functional obsolescence, as it can reduce the usefulness or desirability of a property due to an outdated design feature.



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 real estate exam system will reinforce topics by utilizing questions specific to the National real estate exam.

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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