Exam takers are naturally apprehensive of what their exam will be like. Those who want to be real estate agents are no different, especially since it's a professional real estate agent licensure exam administered by the state. The good thing is there are several school sites that provide real estate practice exam questions. Finding one is of great help to students to get the feel of what to expect and how the actual real estate license exam questions are constructed.
The available real estate practice exam questions may vary slightly as each state has different curriculum requirements. But it's usual to find practice exams with 100 questions covering various categories. Some are downloadable, so you can practice answering them offline, when you have the time. Some are to be done online, just like taking an exam and you are also graded, which require you to provide an answer to the question before you can move on to the next. The practice questions can range from:
Brokerage responsibility and agency management
Transfer of properties
Real estate practice and disclosures
Property valuation and appraisal
Property and ownership laws
There are states that require a student to pass 60 credit hours of study. In California, students must finish and pass 160 credit hours, while in Florida, the state only requires students to study a curriculum that covers 63 credit hours.
Let us explore the similarities and differences in the real estate practice exam questions of these two states.
California real estate license exam questions
The CA real estate license exam questions covers knowledge of English (reading, spelling and writing), computations used in the practice of real estate and business opportunity and understanding the real estate and business opportunity principles in the conduct of business.
Broadly, the CA real estate exam questions cover seven categories with several topics under each category, as follows:
Property ownership and land use controls and regulations
Laws of agency (agency definitions, creation, relationships, responsibilities, commissions, fees)
Valuation and market analysis
Laws of agency (title insurance, deeds, escrow, reports, taxes)
Practice of real estate and mandated disclosures
All test items in the California real estate exam are multiple choice. Examples:
Under no circumstances may a broker:
(a) receive a commission from both buyer and seller
(b) appoint a sub-agent
(c) misrepresent material facts
(d) sell the principal's property to a relative.
The exam taker must be aware that some of the questions are tricky, so it is very important to understand exactly what the question needs, such as:
A valid deed must contain all of the following, except:
(a) the signature of the Grantor
(b) a granting clause
(c) an adequate description of the property
(d) an acknowledgment of the Grantor’s signature.
Florida real estate license exam questions
The real estate license Florida exam questions vary slightly, but generally speaking, it will have between 100 and 150 multiple-choice questions. The longer part of the exam will cover all that you have learned in your pre-licensing course, while the shorter portion of the exam focuses on state-specific real estate laws and regulations. The minimum passing score is 75%.
Sample practice questions (taken from actual practice exam questions):
Possession of a current and valid license will be considered by a court
a. to have no effect.
b. as undeniable proof that the holder of that license may perform the services of real estate.
c. as sufficient evidence to prove the license status unless stronger evidence to the contrary is introduced.
d. as certification by the Commission that the license is in good standing.
In order to be a licensee member of the Florida Real Estate Commission, an individual must have been licensed a minimum of
a. 1 year.
b. 2 years.
c. 4 years.
d. 5 years.
Which is not correct?
a. A licensee may be paid a commission only by his employer.
b. A licensee may not work for more than one employer.
c. A real estate licensee may not appraise a single family residence unless she has been licensed as a state licensed or certified appraiser.
d. A licensee has no grace period for renewing a license, and may not operate while the license is expired.
A Kentucky lawyer and a Florida broker joint venture to sell property in Florida for a friend of the Kentucky lawyer. What can the Kentucky lawyer receive?
a. a commission provided he doesn't come to Florida
b. a referral fee if he doesn't come to Florida
c. a commission if he actually performs services in the transaction
d. no part of the real estate commission
You can see from these actual practice exam questions for the Florida real estate agent licensing exam the range of categories that the state licensing examination covers. Some are tricky to answer even if all of them are multiple-choice questions. Like the exam in California, you must have a good command of the English language. You should also understand the question fully before you provide an answer.