Real Estate License Study Guide

Comprehensive coverage of every major sub-topic on the Real Estate License, free. Read the rule, the named traps, and the worked examples. Then drill the same sub-topic adaptively in the app.

Agency & Fiduciary Duties

Agency Termination
Fiduciary Duties (loyalty, Obedience, Disclosure, Confidentiality, Accounting, Reasonable Care)
Listing Agreements
Types of Agency: Buyer, Seller, Dual, Designated

Contracts

Contingencies: Financing, Inspection, Appraisal
Contract Remedies and Default
Essential Elements of a Contract
Lease Agreements
Option Contracts
Purchase and Sale Agreements

Financing

Adjustable-rate Mortgages and Prepayment
Loan Types: Conventional, FHA, VA, USDA
Loan-to-value and Debt-to-income
Mortgages and Trust Deeds
TILA and RESPA Disclosures

Leasing & Property Management

Eviction Process
Landlord-tenant Rights and Duties
Lease Types: Gross, Net, Percentage, Ground
Security Deposits

Practice of Real Estate (Ethics & Fair Housing)

Advertising Standards
Americans With Disabilities Act (ADA)
Anti-trust: Price-fixing and Market Allocation
Federal Fair Housing Act: Protected Classes and Exemptions
Trust Account Handling and Earnest Money

Property Disclosures

Environmental Concerns: Asbestos, Radon, Mold, Underground Storage Tanks
Lead-based-paint Disclosure (Title X / Federal)
Seller Property Condition Disclosures
Stigmatized Property

Property Ownership & Land Use

CC&Rs and HOAs
Eminent Domain and Police Power
Fixtures and Easements
Forms of Concurrent Ownership
Freehold and Leasehold Estates
Zoning and Land-use Regulation

Real Estate Calculations

Commission Calculations
Proration (taxes, HOA Dues, Rent)

Transfer of Title

Closing Procedures
Recording and Notice
Title Insurance: Owner's and Lender's
Title Searches and Chain of Title
Types of Deeds: General Warranty, Special Warranty, Quitclaim

Valuation & Market Analysis

Appraisal Approaches: Cost, Income, Sales-comparison
Comparable-market Analysis (CMA)
Depreciation: Physical, Functional, External
Highest and Best Use

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