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- This curriculum is meant to help prepare you for your state-specific exam, so make sure you keep these materials and continue to study them after the course has been completed. Beyond that, it is absolutely vital that you use all available free real...
- What score is needed to pass the real estate licensing exam? Below are some example passing scores. Check the exact score requirements for your state here.
- Test Content: The Louisiana state real estate licensing exam is comprised of two separate portions: the national portion, and the state-specific portion. Five to ten questions on the test are considered "experimental" questions and are not scored. Both portions are comprised of multiple choice questions with four answer choices provided for each question.
- Test takers are allotted minutes to complete both portions of the test. A passing score on the national portion is 56 out of 80 correctly answered questions. A passing score on the state-specific portion is 40 out of 55 correctly answered questions. The national test consists of 80 questions and tests the candidate's knowledge of general real estate concepts, including the following subject areas: Property Ownership Land Use Controls and Regulations Valuation and Market Analysis.
- A company real estate syndicate Certificate of insurance Certificate of occupancy The national code for Coldwell Banker CO is an abbreviation for certificate of occupancy, which is the municipal document verifying that the premises and parts thereof are approved and safe for occupancy. Building additions usually require a CO. A building inspector performs an inspection before the CO is issued and also checks properties for violations.
- CO is an abbreviation for certificate of occupancy, which is the municipal document verifying that the premises and parts thereof are approved and safe for occupancy. Start Now Halley owns 25 acres of land in a residential area and wants to develop a real estate complex containing 50 single family homes. What type of mortgage can she obtain that will permit her to pay it off as she sells each home? PMI Open-End Blanket A blanket mortgage is a commercial mortgage often used by real estate developers to finance a project. At least two parcels of property are pledged as collateral. The release clause allows the lien to be lifted on particular parcels when a certain amount of the loan balance is paid, such as when a new home is sold and the developer uses the proceeds from the sale to pay off a portion of the Blanket mortgage. PMI is private mortgage insurance, which is not a type of mortgage.
- An insurance premium is typically added to the monthly mortgage payment. A Pledged Account involves the purchaser placing money in a savings account and using the earned interest to supplement the mortgage payment. A blanket mortgage is a commercial mortgage often used by real estate developers to finance a project. The City of Glass wants to expand a public park. It needs to obtain the necessary land from private landowners. What government power can be used to obtain the land needed to expand the park? Municipal forfeiture Eminent domain Condemnation Eminent domain is the government power permitting it to obtain private property for public use. Condemnation is the actual taking of the property pursuant to the eminent domain power. Municipal forfeiture and public seizure are not formal terms. Eminent domain is the government power permitting it to obtain private property for public use.
- After-tax cash flow is calculated by adding back the tax loss to the income and then multiplying by the tax rate. A tax savings is possible when a tax loss can reduce the taxable income of a separate investment. What is another name for swamps, marshes and bogs? Navigable waterways Wetlands Wastewater systems Wetlands are protected areas that include swamps, marshes, wet meadows and bogs. They may serve as protection for storm and flood water and help control erosion and pollution. They also serve as sanctuaries for wildlife and the natural landscape. Wetlands are protected areas that include swamps, marshes, wet meadows and bogs. Which of the following is not a mixed-use property? A steakhouse on the first floor and offices on the second floor of a building A shipping warehouse adjoining an office suite center A religious prayer facility with residential housing above it An outlet center with clothing and furniture stores An outlet center with clothing and furniture stores are similar commercial uses, so no mixed use exists.
- A building with a steakhouse on the first floor and offices on the second floor combine two separate uses, restaurant and office space. A shipping warehouse adjoining an office suite center combine a warehouse and office space. A religious prayer facility with residential housing above it combines a religious use with a residential use. An outlet center with clothing and furniture stores are similar commercial uses, so no mixed use exists. Julie is looking to buy her first home. She locates one and her offer is accepted.
- Answer: B. The most common types of easements are access, utility, and drainage easements. This practice question was taken from the practice test provided by Union Test Prep. Real Property Characteristics Question: Personal property that, by its attachment to real property, is regarded as real estate is called: A. An emblement C. A fixture D. An appliance Answer: C. When personal property is attached to real property to such an extent that a person cannot extract the item from the real property without damaging the real property, the item is a fixture. Another test to determine whether an item is a fixture is whether the item is so adapted to the real property that to remove the item will diminish the value or utility of the real property.
- Of course, if the purchase contract specifically includes a certain item with the sale of the property, that item must be regarded as a fixture, whether it meets the legal definition of fixture or not. Likewise, if the purchase contract specifically excludes an item from the sale, it must be regarded as personal property, and should be removed. This practice question was taken from the practice test provided by Tests. Zoning Question: For the past 30 years, the Stone family has operated a neighborhood grocery store.
- The store is now an example of a n : A. Illegal enterprise C. Violation of eminent domain D. Variance of the zoning laws Answer: B. Basically, it means that businesses and buildings that were in compliance before the new code was established may continue to operate or exist under their present owners. However, if the Stones want to sell their business, it must be to an enterprise that meets the new requirement. This practice question was taken from the practice test provided by PrepAgent. Land Description Question: A metes and bounds legal description: A. Can be created only for areas excluded from the rectangular survey system B. Is not acceptable in a court in most jurisdictions C. Must commence and finish at the same identifiable point D. Is used only in extreme cases where there is no recorded subdivision plats Answer: C. A metes and bounds legal description begins at a well-defined point point of beginning or POB and follows the boundaries of a parcel of land, using directions and distances around the tract, and ends at the point of beginning.
- When properly written, it is acceptable and enforceable in all court jurisdictions and can be created for any parcel of property. Oftentimes, a deed will contain two types of land description. Generally, a metes and bounds description is accompanied by a rectangular survey or government survey description or lot, block, and tract description. Agency Management Question: Mr. Recordation of Deeds Question: The recording of an instrument gives: A. Constructive notice C. Actual notice D. Documented notice Answer: A. Constructive notice attaches once a document is recorded. This could also be given by taking possession of a property. Actual notice is when an individual has first-hand knowledge of something—for example, if a buyer has knowledge that someone has taken possession of the property that is for sale.
- Refusing to rent to someone who does not meet economic qualifications B. Not renovating second-story apartments to accommodate handicapped residents C. A private club that provides lodging and gives preferential treatment to club members Answer: C. According to fair housing laws, a handicapped individual who needs a service dog is permitted to have one even if animals are not generally allowed on the property. However, the person is responsible to pay for any damage the animal causes when their tenancy ends.
- In new multiple-story housing properties, accommodations must be made on the first floor only. The seller demanded the deposit money but the broker refused to give it to him. Assuming only the above facts: A. The broker had legal justification to hold only one-half of the deposit; he must give the other half to the seller. This conduct would probably subject the broker to disciplinary action by the real estate commissioner. The broker had legal justification for refusing to give the deposit money to the seller. If a broker refused to give a deposit to a seller when the seller demanded it, this conduct would subject the broker to disciplinary action by the Real Estate Commissioner. Remember, the deposit now belongs to the seller. Restrictive Covenants Question: A subdivision has a rule that each home in the neighborhood be at least 2, square feet. This is an example of which concept? Cooperative ownership B. Fair Housing Laws violation C.
- Homestead laws D. Restrictive covenant Answer: D. Restrictive covenants are created by neighborhood developers or associations to ensure that the neighborhood maintains certain standards. Examples include minimum housing size, restrictions on architectural style, and mandated underground sprinkling. Contract Law Question: In order to be valid, all exclusive listings must include: A. An automatic renewal clause B. Permission for the listing broker to appoint subagents C. A forfeiture clause D. A definite date of expiration Answer: D. Top 7 Real Estate Practice Exam Providers Now that you have a sense of the content included on the licensing exam—and the complexity of the subjects it covers—consider looking into a real estate practice exam provider.
- Prelicensing education courses provide user study guides, exam prep tests, and a series of topic-specific questions and answers. Real Estate Express also offers three learning formats coach, pace, and power , each structured to help test-takers prepare for actual exam circumstances. Screenshot of Real Estate Express Student forum 3. The Real Estate Exam Prep Toolkit also includes Mathmaster, which helps students develop the real estate math covered on the licensing exam.
- Screenshot of Mbition — Learn Real Estate dashboard 4. Test-takers can opt for classroom-based courses, online video lectures, or at-home written materials. Kaplan also offers full practice exams. For that reason, the platform is great for students who want to choose from a number of test prep experiences and have room in their budget for one of the most expensive options we considered. Kaplan offers flexible educational resources like audio lessons and lectures you can participate in online or in a classroom setting. Kaplan real estate flashcards 5. PrepAgent is more expensive than Real Estate Scholar but is a great option if you want audio-visual study tools.
Real Estate Practice Exams - Real Estate Test Study Guide And Exam Prep
The PrepAgent curriculum includes national and state-specific questions, and all of the plans include numerous practice tests and thousands of practice questions. However, aspiring agents who choose the Basic plan only have access to practice exams for seven days. Screenshot of PrepAgent practice question 6.Louisiana Real Estate Salesperson Practice Exam - Real Estate Practice Exam
Night Before the Exam Night Before the Exam is an exam prep service that provides entertaining ways to learn real estate material in 22 states. Try Night Before the Exam if you need an entertaining exam prep course without the monotony of standard exam prep courses. Night Before the Exam offers printable cheat sheets, a competency meter to measure your odds of passing, learning games like crosswords, and animated videos. Screenshot of Night Before the Exam practice game 7. Exam Ninja offers national real estate exam questions, flashcards, audio lessons, vocabulary sheets, and crossword puzzles. Real estate licensing exams differ by state but typically cover a combination of state-specific and general topics. On test day, students will take the exam at a predetermined location via computer. Exam results are typically released soon after completion of the exam. How many questions are on the real estate exam?Louisiana Real Estate Agent License Exam, LA Real Estate Agent Exam
The number of questions on the real estate exam varies by state but typically ranges from to questions. Exams are generally broken into a state-specific portion with 60 to 80 questions and a portion with 80 to questions about universal real estate concepts. How do you study for the real estate exam? The best way to study for the real estate exam depends on your learning style.The Best 2021 Louisiana Real Estate Exam Prep You Will Ever Need… Guaranteed Or Its Free. Only $39!
You will receive everything necessary to pass all aspects of your exam, including the Louisiana State law portion. Bookmark Tough Questions. Easily Revisit and Learn. Our advanced learning system will then use that data to dynamically adjust and customize your study sessions for maximum time and retention effectiveness. Presented in an easy and approachable format. Feel like taking a simulated real estate exam? Only have time for our Exam Engine to throw questions at you based off your weak areas? How about printing out a Cheat Sheet made just for you It takes the guess work out of studying. It finds your weak areas. It helps build a solid foundation of understanding. It allows you to study more with less time.- It has a Glossary that is written for average Joes n Janes. It not only works, but looks and feels great. It is fun to use. It tracks your knowledge as you learn. It creates confidence in the exam. It is a similar testing format to the real thing. It is only found here at NightBeforeTheExam. Utilize our easy to read "Bite Sized" Online Manuals. Informative ToonTorial Videos. Instructional cartoons. For years since the 90s we have been providing unique, cutting edge real estate exam preparation. Our proven study methods resulted in success for thousands. We have powerful test prep tools, especially if you are short on time.
- Our proprietary "competency meter" algorithms have been finely tuned after years of use by thousands. We are constantly adding features and content for our customers. Access begins the moment you purchase. Get access to not only the best Exam Prep, but also our awesome educational games and Cheat Sheets. Purchasing and getting started is sooo easy! Free Exam Prep Extras.
- Sign Up Now Kaplan offers both exam prep and pre-licensure courses for real estate agents and brokers. The company has over 70 years of real estate testing experience and is considered the industry leader. That, along with the multitude of states that it covers, its high ratings, and in-depth course material, are what makes it our top pick for real estate exam prep courses.
- Kaplan offers different course prices for different states. Kaplan offers that sort of a la carte pricing in some states, while others only have one of two options. Courses are typically completed in about a weekend to a week, depending on your schedule and pace. It also offers unlimited practice exams. Although some students know The CE Shop for its continuing education classes, it also offers helpful study tools, is easy to use, and has in-depth exam prep materials and positive reviews, which is why we named the company our runner-up. The CE Shop is ideal for students who like to have a detailed study plan because it offers lessons by topic and has an interactive dashboard that lets you track your progress. Like other real estate exam prep courses, prices can vary by state. The CE Shop has excellent reviews, with students saying the courses are easy to understand and are ideal for multi-state real estate agents.
- All classes are completed at your own pace with instructor support available for questions. The course can be purchased by itself or as a package with a pre-licensure state course. The Ultimate Learning package includes practice exams to check your progress, national and state final exams, and exams that you can customize based on topics you need more help with. There are also digital flashcards, and everything is done at your own pace so you can cram it into one weekend or spread it out for a week or two. You have access to the material for six months. Real Estate Express has mixed reviews with students saying the structure is good but the teaching manner is not helpful. Its exam prep courses are good for six months but can be completed in a weekend or spread out over the course of weeks or months depending upon what your schedule allows. The courses are self-paced, online-only, and include more than 25 practice exams, flashcards, exam hints and secrets, and easily downloadable content.
- They use what they call "Immersion Technology" to simulate a real exam environment to prepare you for the big day. We chose the company as the best for bundling because it has reasonable bundle prices, has classes produced by top-producing real estate agents, and offers an Ace the Test Guarantee. AceableAgent is online only and offers self-paced courses as well as an app. Keep in mind that these prices are higher than other exam prep courses but they also include your pre-licensure courses.
- Utilize our online tests to sharpen your skills and you will be on your way to a successful career in real estate in no time. Developed by top notch real estate agents and brokers, this online training program allows you to instantly create your own practice tests online and then see your results. Where are you taking your real estate exam? Click the state Our real estate test questions are an essential study tool for those who are taking their real estate exam in the near future. It's quick and easy. Just login, choose the category of question you would like to test on and generate an exam instantly. Take the exam online and then grade it with the click of a button. It's that easy. The real estate exam is stressful regardless of what anyone says.
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