Questions & Answers to Help You Pass the Real Estate Exam

by Reilly, John W.; Vitousek, Paige Bovee

• ISBN13: 9780793135820
• ISBN10: 0793135826
• Edition: 6th
• Format: Paperback
• Copyright: 2000-10-01
• Publisher: Real Estate Educators Assn

Summary

By giving students practice answering questions similar to those found on real estate exams, this bestselling exam guide is specifically designed for real estate students who want to pass their licensing exams on the first try. With over 1,800 questions, including 80 item sample broker and salesperson exams and three 80 item review exams, this book is intended for individuals preparing for salesperson and broker licensing exams. It is geared toward the ASI exam, but is designed to be used to study for exams administered by any of the testing services such as: ASI, AMP, PSI, Experior (formerly NAI) and self testing states (CA, ME, MS, NY, NC, OH, OK, OR, SC, WV).Detailed explanations, in the answer key at end of each chapter, provide a rationale as to why a given answer is correct, giving students the needed information to handle any type of question on any topic. This key feature, not found in many other exam guides, makes the book equally helpful to students preparing for any type of real estate exam.

Table of Contents

Introduction	iv
Acknowledgments	ix
About the Authors	x
PART A Real Property and Laws Relating to Ownership
Forms of Ownership	3	(11)
Interests in Real Property	14	(13)
Condominiums and Cooperatives	27	(8)
Encumbrances: Easements, Restrictions and Liens	35	(10)
Governmental Limitations: Zoning and Eminent Domain	45	(7)
Land Description	52	(13)
PART B Valuation of Real Estate
Appraisal	65	(15)
Taxes and Assessments	80	(11)
PART C Financing of Real Estate
Sources of Financing: Institutional and FHA/VA	91	(21)
Mortgages and Foreclosures	112	(21)
PART D Transfer of Property Ownership
Acquisition of Title: Deeds	133	(13)
Settlement Procedures: Escrow, Evidence of Title and Recording	146	(15)
Real Estate Settlement Exercises	161	(10)
PART E Real Estate Brokerage
Agency	171	(14)
Listings	185	(12)
Sales Contracts and Options	197	(23)
Federal Fair Housing, Truth-in-Lending and Environmental Disclosures	220	(16)
Property Management, Lease Agreements and Securities	236	(66)
Appendixes
I. Real Estate Mathematics	258	(18)
II. Salesperson's Practice Final Examination	276	(10)
III. Broker's Practice Final Examination	286	(16)
IV. Review Exams	302