Here's an article with additional FAQs on cost segregation studies that you may find helpful.

A cost segregation study was performed on this apartment building in Knoxville, TN with a depreciable cost basis of $17,323,250.

Quote from @Max Bellino: I’m looking for guidance on whether it’s worth opting for a rapid report for a cost segregation study, which is less expensive than a full site visit.

In a previous post, I discussed the difference in each of the most common cost segregation study approaches.

If you're earning primarily W-2 wages, interest, or dividends, those attractive depreciation deductions from your cost segregation study will be suspended.Think about it this way: You might spend $10,000-$15,000 on a cost segregation study, expecting immediate tax savings, only to find those deductions suspended indefinitely.Does this mean cost segregation studies are worthless?

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A cost segregation study was performed on this single family home in Iowa City, Iowa with a depreciable cost basis of $649,900.

Does anyone have any good studying material for this exam or have any insight on what I should focus on?

Wherever you took your broker's class you should have ample study materials.If you are talking about your real estate agent's license in NJ (that is not a broker's license), you need to take the initial class at an accredited agency and they will give you all of the materials after you finish the 75 hours for the test. 

If you can't think of one, find a niche and start studying.