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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


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

Laws of Agency

All exclusive listing agreements must contain a definite termination date.

Contracts

A lessee has 5 days to respond to a notice of unlawful detainer action.

Financing

A standby commitment is a pledge by a permanent lender to fund a long-term loan to take out the construction lender when the building is completed.

Practice & Disclosures

If a seller asks a question like: What is the racial background of the buyer? The agent cannot answer.

Property Ownership

Septic tanks must be installed at least five feet from any improvements.

Transfer of Property

A lessee has 5 days to respond to a notice of unlawful detainer action.

Valuation & Analysis

Ad Valorem, which means According To Value are property taxes.

Friday's Free Practice Questions

During escrow, many items are charged which are known as recurring costs. Which of the following would be handled as a recurring cost


A.) Policy of title insurance
B.) Appraisal fees
C.) Escrow charges
D.) Property taxes


A
B
C
D

This Is A Financing Question



You Answered:


During escrow, many items are charged which are known as recurring costs. Which of the following would be handled as a recurring cost


Correct Answer:
Property taxes

Property taxes will be levied each year against the property.



Next Question →

An apartment owner was figuring his net income for income tax purposes. He took the gross income and deducted certain expenses. Of the ones listed below, which could he not deduct


A.) Depreciation
B.) Interest on loan for purpose of purchasing the property
C.) Management expenses
D.) Cost of a fence


A
B
C
D

This Is A Valuation & Analysis Question


You Answered:

An apartment owner was figuring his net income for income tax purposes. He took the gross income and deducted certain expenses. Of the ones listed below, which could he not deduct


Correct Answer:
Cost of a fence

A fence would be a capital improvement. The cost of it should be added to the cost basis of the property and depreciated.



Next Question →

In designing an ad offering a 80% loan-to-value mortgage at a specific interest rate fixed for 30 years, which of the following is not required to be included in the ad


A.) The correct annual percentage rate
B.) A disclosure of whether the loans are offered for first, second, or third trust deed loans
C.) A statement disclosing the method of determining the market value of the property
D.) An indication that the loan can or will be approved over the telephone.


A
B
C
D

This Is A Practice & Disclosures Question


You Answered:

In designing an ad offering a 80% loan-to-value mortgage at a specific interest rate fixed for 30 years, which of the following is not required to be included in the ad


Correct Answer:
An indication that the loan can or will be approved over the telephone.

The ad need not disclose the telephone approval for the loan; the other items must be included in the advertisement.



Next Question →

When identical or highly similar properties are offered for sale, the property offered at the lower price attracts the greatest demand. That statement is an illustration of which of the following principles of appraising


A.) Substitution
B.) Highest and best use
C.) Productivity
D.) Inflation


A
B
C
D

This Is A Valuation & Analysis Question


You Answered:

When identical or highly similar properties are offered for sale, the property offered at the lower price attracts the greatest demand. That statement is an illustration of which of the following principles of appraising


Correct Answer:
Substitution

The principle of substitution holds that if a buyer can find a substitute property at a lower price, that is the one he will buy.



Next Question →

Which of the following is the best example of the practice known as Puffing


A.) A licensee implies that he is well connected, and knows many influential people in the area
B.) A licensee exaggerates certain features or benefits of a property
C.) A licensee misrepresents material facts concerning a property
D.) A licensee communicates his opinions about a property as material facts


A
B
C
D

This Is A Practice & Disclosures Question


You Answered:

Which of the following is the best example of the practice known as Puffing


Correct Answer:
A licensee exaggerates certain features or benefits of a property

Puffing involves exaggeration about the features or benefits of a property.



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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