Foreword | p. 9 |
Preface | p. 11 |
History Behind Licensing | p. 11 |
A Profession Is Born | p. 12 |
Preparing for Your Exam | p. 13 |
Understanding Licensing Requirements | p. 13 |
Examinations | p. 14 |
State Questions | p. 15 |
Testing Formats | p. 16 |
Difference Between Sales Agent & Broker | p. 17 |
What Is a Realtor&Reg;? | p. 17 |
What to Take to Your Exam | p. 18 |
Preparing for the Exam | p. 19 |
Tips to Manage Test Anxiety | p. 20 |
Test-Taking Strategies | p. 21 |
Arriving at the Exam | p. 22 |
Mastering the Real Estate Exam | p. 23 |
Additional Tips | p. 24 |
Real Estate Practices & Principles | p. 27 |
Real versus Personal Property | p. 27 |
Land Descriptions | p. 33 |
Contracts and Deeds | p. 34 |
Purchase and Sale Agreements | p. 38 |
Deeds | p. 44 |
Leases & Property Management | p. 49 |
Property Management Basics | p. 53 |
Real Estate Brokerage | p. 55 |
Marketing Strategies and Basics | p. 59 |
Land Development and Construction | p. 62 |
Real Estate Law | p. 71 |
Real Estate Law & Regulations by State | p. 71 |
Basics Of License Law | p. 72 |
Contracts & Legal Documents | p. 76 |
Federal Fair Housing Law | p. 80 |
Truth in Lending Act (a.k.a. "Regulation Z") | p. 84 |
Advertising Disclosure Requirements | p. 86 |
Property Disclosures & Transferring Ownership | p. 87 |
Real Estate Finances (Mortgages) | p. 91 |
Taxes/Taxation | p. 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 Process | p. 98 |
Special/Customizable Financing Arrangements | p. 108 |
Real Estate Appraisal | p. 117 |
When an Appraisal is Suggested or Needed | p. 120 |
Value Elements | p. 121 |
Appraisal Basics | p. 123 |
Market (or Comparison) Approach | p. 131 |
Income Approach | p. 131 |
Cost Approach | p. 132 |
Math Review for the Real Estate Professional | p. 135 |
Decimal | p. 135 |
Fractions | p. 137 |
Percent | p. 141 |
Measurement of Distance, Area, & Volume | p. 143 |
Area | p. 144 |
Volume | p. 146 |
Perimeter | p. 149 |
Formulas and Formula Aids | p. 150 |
Other Mathematics Notes & Useful Terms | p. 151 |
Answers To Math Review Questions: | p. 157 |
Sample Tests & Answer Keys | p. 159 |
National Practice Exam #1 | p. 159 |
National Practice Exam #2 | p. 185 |
Answers for Practice Exam #1 | p. 211 |
Answers for Practice Exam #2 | p. 219 |
Decreasing Anxiety & Maintaining a Positive Attitude | p. 227 |
Advice on Being & Staying Positive | p. 227 |
Conclusion | p. 233 |
Glossary | p. 237 |
Appendix: State Real Estate Commissions & Bureaus | p. 325 |
Bibliography | p. 331 |
Author Biography | p. 333 |
Index | p. 335 |
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