Philip Martin McCaulay

McCaulay's National Real Estate Exam Practice Tests Philip Martin McCaulay

This book with five practice tests and a study guide will help real estate professionals pass the national portion of the salesperson licensing exam. The questions are in the same proportion and format as those on the national sales exam. All of the questions are brief, straightforward multiple-choice questions with four choices and one best answer. Part I of this book contains the sample exams with a total of 400 questions, the equivalent of five complete 80-question national licensing exams. Each 80-question practice exam is followed by an answer key. After the answer key, the practice exam is displayed with the answers shown. As with the split for the national exam, these questions are divided as follows: sixteen questions on Real Property; six on Appraisal; twenty-one on Contracts; six on Disclosures; six on Federal Laws; seventeen on Financing; six on Leases; and two on Brokerage. Questions using mathematics represent 10% of the total number of questions, or eight questions out of the total of eighty questions on each exam. Part II of this book has a study guide. There is a chapter for each topic covered on the salesperson exam. The appendix contains math formulas.