Textbook / California salesperson examination

California real estate

The principles, laws, and practice behind the California salesperson exam.

7 units33 chapters543 practice questions

Contents

Exam weight
01

Property ownership & land use

Property rights, ownership, encumbrances, and the limits on land use.

15%
1.1Property, rights, and fixtures11 min1.2Estates and forms of ownership12 min1.3Easements, liens, and encumbrances10 min1.4Legal descriptions and land measurement10 min1.5Public and private land use controls11 min1.6Water, environmental hazards, and special lands12 min
02

Agency & fiduciary duties

Representation, disclosure, compensation, and obligations to others.

17%
2.1Agency relationships and authority10 min2.2Fiduciary duties and duties to others11 min2.3Agency disclosure, dual agency, and conflicts12 min2.4Compensation and the end of an agency11 min
03

Valuation & financial analysis

How value is formed, estimated, and analyzed.

14%
3.1Value and the principles behind it10 min3.2Sales comparison and market evidence11 min3.3Cost, depreciation, and replacement12 min3.4Income, capitalization, and financial analysis10 min
04

Financing

Loans, security instruments, lending programs, and credit law.

9%
4.1Loan fundamentals and the mortgage market10 min4.2Loan structures and government programs11 min4.3Notes, security instruments, and default16 min4.4Credit law and loan origination15 min
05

Transfer of property

Deeds, title, escrow, taxation, and special transfers.

8%
5.1Deeds, delivery, recording, and vesting10 min5.2Title insurance and escrow10 min5.3Transfer taxes, gain, withholding, and prorations16 min5.4Probate, court sales, and other transfers14 min
06

Practice & disclosures

Licensing, trust funds, fair housing, management, and disclosure.

25%
6.1Licensing, supervision, and consumer protection10 min6.2Trust funds and accountable money handling11 min6.3Fair housing and service across communities12 min6.4Ethics, advertising, and technology11 min6.5Residential property management16 min6.6Commercial property and specialty transactions13 min6.7Property disclosures, inspections, and reports11 min
07

Contracts

Formation, performance, agreements, and remedies.

12%
7.1Contract formation and enforceability12 min7.2Performance, contingencies, and remedies12 min7.3Listings, buyer representation, and advance fees10 min7.4Purchase agreements, options, leases, and notes12 min