California Real Estate Exam Practice Questions

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Real Estate Salesperson Exam System

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Thousands of Practice Questions
Crash Course Training
Topic Specific Exams
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State Exam Flash Cards
Real Estate Glossary
State Exam Study Guide
State Exam Audio Series
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Three Months Of Access

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*Subscription time begins when the system is started, not when registered. Subscriptions must be used within one year of the registration date. All plans have discounted renewal options, if needed.

Salesperson Exam System Demo

Real Estate Broker Exam System

We Include Every Tool!

Thousands of 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
Money Back Guarantee

One Month Of Access

$69.00

Best For Working Fast!

Three Month Of Access

$89.00

More Than Enough Time!

Six Months Of Access

$129.00

Take Your Time, No Rush!

*Subscription time begins when the system is started, not when registered. Subscriptions must be used within one year of the registration date. All plans have discounted renewal options, if needed.

Broker Exam System Demo

Our Exam Preparation System Involves Three Key Areas

Our method is simple:
If you understand the topic, you can answer the question

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We Are One Of The Highest Rated Real Estate School's In California!

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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 Real Estate Exam Is Understanding The Topics

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

Laws of Agency	A seller has the ability to revoke an exclusive authorization and right to sell listing by sending a notice and certified letter to the broker.
Contracts	A Unilateral contract binds one party
Financing	Mortgage bankers hold or Warehouse their loans and then sell the portfolios to investors in the secondary mortgage market.
Practice & Disclosures	If a broker wishes to use a fictitious business name, they must file a fictitious business name statement with the county clerk. Once that is done, the notice must be published in a newspaper of general circulation once a week for 4 weeks. Then the broker needs to apply to the real estate commissioner for approval.
Property Ownership	Sales tax is a tax that can only be applied to tangible personal property.
Transfer of Property	First in right is the first to record the grant deed, with the exception of possession of property.
Valuation & Analysis	Street improvement assessments are based on the front footage of property. 30 days must pass after the assessments due date before any unpaid balance goes to bond.

Monday's Free Practice Questions

In which of the following transactions would a Real Property Transfer Disclosure Statement be required

A.) The State of California is selling a parcel of real property

B.) A transfer of title between spouses in connection with a divorce

C.) A city official is selling his residence

D.) A tenant in common is transferring his interest to another co-tenant

Practice & Disclosures

In which of the following transactions would a Real Property Transfer Disclosure Statement be required

Correct Answer:
A city official is selling his residence

A city official is just a person with a job who is selling a property. When selling his/her own personal residence, is required to deliver a Transfer Disclosure Statement to the buyer. The other transactions listed would not require the Statement.

Next Question →

Broker Jackson negotiated the sale of a vacant parcel with cooperating broker Sarah. A few days before the close of escrow, Jackson discovered that Sarah's buyer had purchased a comparable parcel at a price per acre significantly higher than the buyer had offered for this property. Jackson should

A.) Disclose the new information to his principal

B.) Suggest the principal file an interpleader action in an effort to reform the contract

C.) Do nothing, since the deal is about to close

D.) Contact Sarah in an effort to negotiate a new contract at a price closer to that paid for the other acreage.

Laws of Agency

Correct Answer:
Disclose the new information to his principal

Broker Jackson must disclose the information as a material fact. He should attempt to renegotiate at a better price.

Next Question →

The amount of a VA-guaranteed loan is limited to

A.) The assessed value of the property

B.) 80% of the property appraisal

C.) 35% of the property appraisal

D.) Amounts shown on the certificate of reasonable value

Financing

The amount of a VA-guaranteed loan is limited to

Correct Answer:
Amounts shown on the certificate of reasonable value

A VA loan is limited to the amount of the government appraisal, the CRV.

Next Question →

In which of the following ways is the Federal Housing Administration different from conventional lending institutions

A.) FHA is a mortgage insurer rather than a lender

B.) FHA deals only with loans for veterans

C.) FHA interest rates are always 1% to 3% lower

D.) FHA's maximum loan is 80% of the appraised value

Financing

In which of the following ways is the Federal Housing Administration different from conventional lending institutions

Correct Answer:
FHA is a mortgage insurer rather than a lender

The FHA insures lenders who make loans, it does not lend the money directly.

Next Question →

If a seller declines to fill out his/her section of the Real Estate Transfer Disclosure Statement, the seller's agent should

A.) Give written notice to the buyer of his right to receive such a statement

B.) Prepare an As Is rider to the purchase contract for the signature of buyer and seller

C.) Complete the listing agent's portion of the Statement and deliver it to the buyer

D.) Attempt to obtain the buyer's waiver of the Statement

Practice & Disclosures

If a seller declines to fill out his/her section of the Real Estate Transfer Disclosure Statement, the seller's agent should

Correct Answer:
Complete the listing agent's portion of the Statement and deliver it to the buyer

The seller is required by law to provide such a Statement, and the agent is required by law to complete a portion of the form. If the seller won't obey the law, at least the agent can comply by providing his information.

Next Question →

Great Job!!!

We Strongly Believe That Passing The State Exam Involves Two Key Areas:
· Understanding The Topics On The 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.