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Real Estate License Exams

(REAL-ESTATE.AE1) / ISBN : 978-1-64459-520-6
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About This Course

Our comprehensive "A Practical Guide to Real Estate License Exams" course is designed to equip aspiring real estate professionals with the knowledge and skills needed to pass their licensing exams with confidence. This intensive program covers all essential topics, including property ownership, land use controls, valuation, financing, and agency relationships.

Skills You’ll Get

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1

Introduction

  • About This Course
  • Icons Used in This Course
  • Where to Go from Here
2

Sold! Taking a Glance at Real Estate License Exams

  • Checking Out Licensing and Exam Basics
  • Sign Me Up: Registering for the Exam
  • Knowing What to Take to the Exam … and What to Leave at Home
  • Scoring High: Figuring Out How Scores Are Determined
  • Take Two: Retaking the Exam
3

Using Successful Study and Test-Taking Techniques

  • One Word to Get You Through: PREPARE
  • Trying Terrific Test-Taking Strategies
4

The Job: It Isn’t Just Driving People Around

  • Recognizing Those in the Real Estate Business and How They Got There
  • Knowing What a Real Estate Broker/Salesperson Does
  • Understanding How a Real Estate Broker/Salesperson Gets Paid
  • Working Hard: Career Opportunities
  • Property Management: A Special Kind of Career Opportunity
  • Managing a Real Estate Office: You’re the Boss, Ms. or Mr. Broker
  • Working As an Independent Contractor
  • Focusing on Job-Related Laws That You Need to Understand
5

Understanding Agency Law

  • Becoming Someone’s Real Estate Agent: You’re Hired
  • Keeping the Faith: The Relationship between an Agent and a Principal
  • Meeting Obligations: The Relationship Between an Agent and a Customer
  • Making Money (No, Not at the Copy Machine)
  • Parting Is Such Sweet Sorrow: Ending an Agency Relationship
6

Knowing the Fair Housing Laws for Selling Real Estate

  • Practicing Fair Housing: The Basics
  • Don’t Do It: Avoiding Discriminatory Actions
  • Feeling Safe: Identifying Who’s Protected
  • Bending the Rules: Understanding Exceptions to the Law
  • Extra Coverage: Protecting the Disabled from Discrimination
  • Staying Strong: Enforcing the Law
7

Owning It: Estates and Interests

  • What Do You Own? Understanding Ownership Terms
  • Estates (Even Without the Castles)
  • Eyeing Different Ownership Rights
8

Understanding Forms of Real Estate Ownership

  • Real Estate Ownership: A Solo or Group Activity
  • Special Types of Ownership: Cooperatives, Condominiums, and More
9

Knowing the Limitations on Real Estate Ownership

  • Carrying a Not-So-Heavy Encumbrance: Private Limitations on Property Use
  • Land-Use Regulation: A Major Public Limitation
  • The Government Has Its Say: Other Public Limitations on Property Use
10

Transferring Ownership: Deeds and Title Closing

  • Doing the Deed: Delving into Deed Basics
  • Getting Closure: Title Closing
11

Giving Up or Losing Property

  • Fine by Me: Giving Up Property Voluntarily
  • By Force: Losing Property Involuntarily
  • Losing Property Very Involuntarily: Passing Title After Passing Away
12

Contracts 101

  • Agreeing to Do Something: The Basics of Making a Contract
  • So Many Choices: Examining Types of Real Estate Contracts
  • The End of the Line: Discharging a Contract
  • Breaching a Real Estate Contract
13

Leasing Property

  • Identifying Who’s Who and What’s What
  • The Usual Suspects: Preparing a Typical Lease
  • Distinguishing among Various Types of Leases
  • Breaking a Lease: Types of Eviction
  • Getting What You Paid For
14

Dealing with Environmental Government Regulations and Issues

  • Deciphering the Federal Government Alphabet Soup
  • Assessing the Environmental Effects of Building Developments
  • This Stuff Can Make You Sick: Examining Environmental Pollutants and Situations
  • Go with the Flow: Water and Waste Issues
15

Appraising Property

  • Figuring Out Appraisal Basics
  • Understanding the Importance of Location!
  • Arriving at Different Types of Value
  • Creating, Changing, and Affecting Values: Some Economic Factors
  • Finding Value by Analyzing Comparable Sales
  • Finding Value by Analyzing Replacement Cost and Depreciation
  • Finding Value by Analyzing a Property’s Income
  • Reconciling a Property’s Value
16

Finding the Money: Mortgages

  • The Way Things Work: Mortgage Basics
  • Examining Sources of (and Insurance for) Funding
  • Considerations for Lenders Accepting Mortgages
  • Grasping the Different Types of Mortgages
  • Comprehending Mortgage Repayment Plans
  • Endings You Didn’t Anticipate: Foreclosures, Assumptions, and Assignments
  • Being Fair: Consumer Protection Laws
17

It’s So Taxing: Real Estate Assessment and Taxes

  • Who Wants Your Money, and What Do They Want with It? Collecting Taxes
  • Recognizing What’s So Special about Assessments
  • Go Figure! Calculating Taxes Step by Step
  • Home Free (Sort of): Eyeing Property Tax Exemptions
  • That’s Not Right: Protesting Assessments
  • Pay or Lose: Tax Liens and Sales
18

Investing in Real Estate

  • Focusing on Property Investment
  • Partnering Up: Real Estate Investment Organization Structures
  • Spending Spree: Acquiring and Building Investments
  • Making Money by Investing in Real Estate
  • Getting Uncle Sam’s Help: The Government’s Role in Investing
  • By the Numbers: Analyzing Investment Properties
19

All in the Numbers: Real Estate Mathematics

  • Don’t Lose the Faith, but You May Have to Convert
  • Land and Buildings: Measuring Area and Volume
  • Percentages: Pinpointing What You Really Need to Know
  • Commissions: Tracking Your Moolah
  • Making Mortgage Calculations without a Fancy Calculator
  • Oh, the Pain: Calculating Taxes
  • Putting Proration into Perspective
  • Appreciating Appreciation and Depreciation
  • Estimating Appraised Value
20

Ten Things to Find Out from Your State’s Real Estate Law

  • Agency Law
  • Fair Housing
  • License Law
  • Limitations on Land Use
  • Money Stuff
  • Ownership Rights, Forms, and Theories
  • Property Disclosure
  • Tenants’ Rights and Rent Control
  • Transferring Ownership Involuntarily
  • Transferring Ownership Voluntarily
21

Ten Tips to Help You Succeed on the Exam

  • Taking the Exam as Soon as You Can
  • Knowing the Rules (and Following Them)
  • Studying Your State License Law
  • Remembering Important Vocabulary
  • Focusing on Key Concepts
  • Eating Something
  • Staying Cool, Calm, and Collected
  • Paying Attention (without Overthinking)
  • Going with Your Initial Instinct
  • Finishing the Job

Real Estate License Exams

R 2542.15

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