u/john6016

California real estate exam - what I'd focus on if I were testing next month

California real estate exam - what I'd focus on if I were testing next month

The California exam has about a 50% first-time pass rate, so here's what actually moves the needle.

Format: 150 multiple-choice questions, 3 hours, 70% to pass (105 right). It's one combined exam, no separate national and state sections, and it's in person at a DRE test center.

Topics that come up again and again:

  • Agency and disclosure. The fiduciary duties (OLD CAR: obedience, loyalty, disclosure, confidentiality, accounting, reasonable care) and the three-step agency disclosure process.
  • Trust funds. Know the 3-business-day rule for depositing buyer deposits.
  • Joint tenancy. The four unities (time, title, interest, possession).
  • Prop 13. Tax capped at 1% of assessed value, and assessed value can rise at most 2% a year until a sale or new construction.
  • Transfer Disclosure Statement. When the buyer can rescind: 3 days after hand delivery, 5 days after mailing.
  • Statute of frauds and fair housing exemptions.

Math is a small share of the exam but they're free points: prorations, commission splits, and transfer tax.

The biggest thing: take full-length timed practice exams. Reading the textbook again won't get you used to 150 questions in 3 hours.

I made a free full-length California practice exam you can start without signing up (you make a free account at the end to see your score): https://dayoneagent.com/california-real-estate-practice-exam-free. Happy to answer questions!

u/john6016 — 9 days ago
▲ 13 r/Notary

Passing the California notary exam: the topics that trip people up

If you're taking the California notary exam soon, here's the short version of what matters.

Format: 45 multiple-choice questions (40 count, 5 are unscored test questions), 1 hour, and you need 70%. You have to take the 6-hour approved course first.

The topics that come up over and over:

- Identification.Know which ID documents are acceptable and the rules for credible witnesses. This comes up a lot.

- Journal thumbprints. A thumbprint is required in the journal for deeds, quitclaim deeds, deeds of trust, other documents affecting real property, and powers of attorney.

- Acknowledgment vs. jurat. Acknowledgment: the signer says they signed it, no oath. Jurat: they sign in front of you and you put them under oath.

- Fees. Max $15 per signature for an acknowledgment, $15 per person for a jurat. No fee for vote-by-mail ballot envelopes or veterans' benefits paperwork.

- The 30-day deadline. You have 30 calendar days from the start of your commission to file your oath and bond with the county clerk, and the commission doesn't take effect until you do.

- "Notario publico." Can't use it in advertising or translate "notary public" into Spanish in ads.

The questions are tricky on wording more than content, so doing timed practice tests matters more than re-reading the handbook.

I made a free full-length California practice exam (no sign-up) if it helps: https://notaryexampro.com/california-notary-practice-exam-free. Good luck to anyone testing this month.

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u/john6016 — 10 days ago