Updated November 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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Over 3,000 Questions
Topic Specific Exams
Unlimited Simulators
State Exam Flash Cards
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

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

Laws of Agency	Chapter 1101 of the Texas Occupations Code utlines the disciplinary actions that can be taken against licensees for violations of the law or rules established by TREC. These actions may include license suspension, revocation, fines, or other penalties.
Contracts	Licensees can schedule property showings and conduct open houses to showcase properties to potential buyers or tenants.
Financing	Properties with outdated or undesirable features, such as an outdated kitchen or bathroom, are generally less valuable.
Practice & Disclosures	If the principal terminates the agreement before the expiration date without cause, they may be obligated to compensate the agent for any expenses or efforts already incurred.
Property Ownership	The VLB provides educational and employment services, including college tuition assistance through the Hazlewood Act and employment resources through the Texas Veterans Commission.
Transfer of Property	Once the offer is accepted, a binding contract is formed and both parties are obligated to fulfill the terms of the contract. Both parties are bound to the terms of the contract and can face legal consequences for failing to fulfill their obligations.
Valuation & Analysis	Unstable real estate values tend to occur in areas of mixed home values.

Thursday's Free Practice Questions

Basic regulation of the housing and construction industries is accomplished by

A.) State Housing Act

B.) Local building codes

C.) The state Contractor's License Law

D.) All of the above

This Is A Property Ownership Question

You Answered:

Basic regulation of the housing and construction industries is accomplished by

Correct Answer:
All of the above

All three of these help to regulate the housing and construction industry.

Next Question →

When a real property is sold a copy of the structural pest control report must be given to

A.) The broker

B.) The escrow company

C.) The buyer

D.) The lender

This Is A Practice & Disclosures Question

You Answered:

When a real property is sold a copy of the structural pest control report must be given to

Correct Answer:
The buyer

If the buyer requests it, the law specifically states that a copy of the termite report must be given to the buyer.

Next Question →

According to the Truth-in-Lending Act, consumers must be informed of credit terms by

A.) The trustee

B.) The broker

C.) The lender

D.) The escrow company

This Is A Practice & Disclosures Question

You Answered:

According to the Truth-in-Lending Act, consumers must be informed of credit terms by

Correct Answer:
The lender

According to the Truth-in-Lending Act, certain disclosures, including the credit terms, must be made by a lender to the prospective borrower.

Next Question →

When real property is: Sold To The State By Operation Of Law - immediately after real property taxes become delinquent. The owner-occupant

A.) Must vacate the property

B.) Remains in undisturbed possession

C.) Is free of liability for taxes levied during this period

D.) Must pay an equitable amount of rent to the state

This Is A Financing Question

You Answered:

When real property is: Sold To The State By Operation Of Law - immediately after real property taxes become delinquent. The owner-occupant

Correct Answer:
Remains in undisturbed possession

Real property that is Sold To The State By Operation Of Law immediately after real property taxes become delinquent has the effect that the owner-occupant remains in undisturbed possession of the property for five years.

Next Question →

A real estate broker is prohibited from doing certain acts when acting as an escrow agent for a principal. With one exception, doing any of the following acts would probably be grounds for disciplinary action by the Commissioner. Which of the following acts would not violate real estate law

A.) Refusing to give a copy of the escrow instructions to a person who signs them at the time of signing

B.) Upon the close of escrow, failing to furnish each principal in the transaction with a written statement summarizing the funds handled by escrow

C.) Encouraging a buyer to alter escrow instructions, although such alterations have been initialed by all persons who signed the original instructions

D.) Recommending an amended escrow instruction which contains a blank to be filled in after signing

This Is A Transfer of Property Question

You Answered:

Correct Answer:
Encouraging a buyer to alter escrow instructions, although such alterations have been initialed by all persons who signed the original instructions

No violation would occur if the broker encouraged alterations to the instructions which had been approved by all parties thereto.

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.