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9781601381293

The Complete Guide to Passing Your Real Estate Sales License Exam on the First Attempt: Everything you Need to Know Explained Simply

by
  • ISBN13:

    9781601381293

  • ISBN10:

    1601381298

  • Format: Paperback
  • Copyright: 2009-06-14
  • Publisher: Atlantic Pub Co
  • Purchase Benefits
List Price: $16.95

Summary

Taking a real estate sales license exam is tough. But what if we told you that you can pass on your first try? Our guarantee: If you do not pass your test on the first try, return this book within 30 days, and we will refund the purchase price. Tests change over time, but this book is the very latest published on the subject; do not be fooled by out-of-date material. In a January 2007 study, it was found that 4,306 candidates for a real estate sales associate license sat for the exam. Those who were taking the exam for the first time (1,891) had a pass rate of 44 percent, a little below the previous year?s average pass rate of 46 percent. Retesting statistics are even worse: 72 percent of the 2,415 sales associate candidates retaking the exam failed. Do not be one of the statistics. You can pass the exam on the first try with the help of this new book. This valuable new book presents a clear and complete overview of all the main topics covered on the real estate salesperson examination and gives exam applicants the information and tools they need to successfully pass the exam ? on the first attempt. You will improve your test taking skills by completing the included sample test. Subjects covered include real estate legal issues, encumbrances, real estate law, financing real estate purchases, leasing, escrow accounts, contracts and legal documents including leases, land descriptions, and real estate math, terms, and definitions.

Table of Contents

Forewordp. 9
Prefacep. 11
History Behind Licensingp. 11
A Profession Is Bornp. 12
Preparing for Your Examp. 13
Understanding Licensing Requirementsp. 13
Examinationsp. 14
State Questionsp. 15
Testing Formatsp. 16
Difference Between Sales Agent & Brokerp. 17
What Is a Realtor&Reg;?p. 17
What to Take to Your Examp. 18
Preparing for the Examp. 19
Tips to Manage Test Anxietyp. 20
Test-Taking Strategiesp. 21
Arriving at the Examp. 22
Mastering the Real Estate Examp. 23
Additional Tipsp. 24
Real Estate Practices & Principlesp. 27
Real versus Personal Propertyp. 27
Land Descriptionsp. 33
Contracts and Deedsp. 34
Purchase and Sale Agreementsp. 38
Deedsp. 44
Leases & Property Managementp. 49
Property Management Basicsp. 53
Real Estate Brokeragep. 55
Marketing Strategies and Basicsp. 59
Land Development and Constructionp. 62
Real Estate Lawp. 71
Real Estate Law & Regulations by Statep. 71
Basics Of License Lawp. 72
Contracts & Legal Documentsp. 76
Federal Fair Housing Lawp. 80
Truth in Lending Act (a.k.a. "Regulation Z")p. 84
Advertising Disclosure Requirementsp. 86
Property Disclosures & Transferring Ownershipp. 87
Real Estate Finances (Mortgages)p. 91
Taxes/Taxationp. 92
RESPA (Real Estate Settlement and Procedures Act)p. 93
Controlled Business Arrangement (CBA)p. 94
Computerized Loan Originations (CLO)p. 95
Mortgage Basics & the Loan Processp. 98
Special/Customizable Financing Arrangementsp. 108
Real Estate Appraisalp. 117
When an Appraisal is Suggested or Neededp. 120
Value Elementsp. 121
Appraisal Basicsp. 123
Market (or Comparison) Approachp. 131
Income Approachp. 131
Cost Approachp. 132
Math Review for the Real Estate Professionalp. 135
Decimalp. 135
Fractionsp. 137
Percentp. 141
Measurement of Distance, Area, & Volumep. 143
Areap. 144
Volumep. 146
Perimeterp. 149
Formulas and Formula Aidsp. 150
Other Mathematics Notes & Useful Termsp. 151
Answers To Math Review Questions:p. 157
Sample Tests & Answer Keysp. 159
National Practice Exam #1p. 159
National Practice Exam #2p. 185
Answers for Practice Exam #1p. 211
Answers for Practice Exam #2p. 219
Decreasing Anxiety & Maintaining a Positive Attitudep. 227
Advice on Being & Staying Positivep. 227
Conclusionp. 233
Glossaryp. 237
Appendix: State Real Estate Commissions & Bureausp. 325
Bibliographyp. 331
Author Biographyp. 333
Indexp. 335
Table of Contents provided by Ingram. All Rights Reserved.

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