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Updated April 2024 With New Questions For The State Exam!


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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


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

Laws of Agency

Any commission that is to be earned as a rental agent is done by a written agreement between the parties.

Contracts

A real property sales contract must include the number of years to complete the contract and the basis for a tax estimate.

Financing

Real estate loans are usually based on simple interest, not compound interest.

Practice & Disclosures

If a licensee fails to disclose a dual agency, the licensee could be forced to forfeit commission, have their real estate license suspended or revoked, and the injured party could file a civil action suit.

Property Ownership

Encroachments can be defined as an unlawful intrusion onto the adjacent owners land. The landowner has three years from discovery of the encroachment to take action for its removal.

Transfer of Property

An adequate description is required to verify the validity of a grant deed.

Valuation & Analysis

The going Market Rate for rent of a given unit is referred to economic rent. These can be used in the appraisal of income property.

Monday's Free Practice Questions

Of the following actions, which one can require the prior written consent of the Real Estate Commissioner before the action is legally binding


A.) The transfer of a licensed salesperson from one broker to another
B.) An amendment or modification of a deed which materially changes the rights of a buyer in a condominium transaction
C.) The formation of a partnership involving more than four California licensed brokers
D.) The sale of stock by an incorporated real estate syndicate


A
B
C
D

This Is A Transfer of Property Question



You Answered:


Of the following actions, which one can require the prior written consent of the Real Estate Commissioner before the action is legally binding


Correct Answer:
An amendment or modification of a deed which materially changes the rights of a buyer in a condominium transaction

By regulation, such amendment or modification requires approval, the others do not.



Next Question →

A bilateral listing contract would be enforceable by the broker against the owner of the property only if it included


A.) The owner's promise to pay a monetary consideration
B.) The signature of both spouses for a married couple
C.) A promise by the owner in return for a promise by the broker
D.) All of the above


A
B
C
D

This Is A Contracts Question


You Answered:

A bilateral listing contract would be enforceable by the broker against the owner of the property only if it included


Correct Answer:
A promise by the owner in return for a promise by the broker

The owner does not have to pay a monetary consideration, but for this to be a bilateral contract, there must be a promise for a promise. A listing signed by one spouse would be enforceable against that spouse.



Next Question →

Broker Hardy showed a buyer a property during the term of his 60-day nonexclusive listing. The buyer made an offer less than the listed price, which was rejected by the seller. The buyer then made a higher offer through a second broker, Snyder, who also had a nonexclusive listing, and this offer was accepted by the seller. Hardy, the first broker, sued the seller and the second broker for the full commission, claiming he was the procuring cause for the sale. Hardy would probably


A.) Lose the lawsuit, because he was not the one whose efforts resulted in consummation of the transaction
B.) Lose the lawsuit, because he did not have an exclusive agency listing
C.) Win the lawsuit, because he was the broker that first introduced the buyer and the seller
D.) Win the lawsuit, because he was the first broker to introduce the buyer to the property, but will be entitled to only one-half of the commission


A
B
C
D

This Is A Question


You Answered:

Broker Hardy showed a buyer a property during the term of his 60-day nonexclusive listing. The buyer made an offer less than the listed price, which was rejected by the seller. The buyer then made a higher offer through a second broker, Snyder, who also had a nonexclusive listing, and this offer was accepted by the seller. Hardy, the first broker, sued the seller and the second broker for the full commission, claiming he was the procuring cause for the sale. Hardy would probably


Correct Answer:
Lose the lawsuit, because he was not the one whose efforts resulted in consummation of the transaction

In a nonexclusive listing, only the broker who is the "procuring cause" of the sale receives the comm



Next Question →

ission.


A.) 1
B.)
C.)
D.)


A
B
C
D

This Is A Question


You Answered:

ission.


Correct Answer:




Next Question →

As relating to an easement, prescription most nearly means the acquisition of the right of an easement by


A.) Condemnation proceedings
B.) Open and notorious use for the statutory period of time
C.) Occupation or use of government lands for recreational purposes
D.) Undue influence hostile to the true owner


A
B
C
D

This Is A Property Ownership Question


You Answered:

As relating to an easement, prescription most nearly means the acquisition of the right of an easement by


Correct Answer:
Open and notorious use for the statutory period of time

By definition.



Next Question →

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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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