Franklin

So You Want to Be a Real Estate Agent How to Pass Your State License Exam.

Author/Creator:
Group Inc, Atlantic Publishing.
Publication:
Ocala, FL : Atlantic Publishing Group, 2017.
Format/Description:
Book
1 online resource (254 pages)
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Form/Genre:
Electronic books.
Contents:
Intro
INTRODUCTION
DO I WANT TO BE A REALTOR?
HOW DID THE REAL ESTATE PROFESSION START?
A profession is born
So, how did licensing of real estate agents begin?
READY TO MOVE FORWARD?
CHAPTER 1
PREPARING FOR YOUR EXAM
EXAMS
STATE QUESTIONS
TESTING FORMATS
REAL ESTATE AGENT VS. BROKER
WHAT IS A REALTORĀ®?
WHAT TO TAKE TO YOUR EXAM
GETTING READY FOR THE EXAM
HELP! I HAVE TEST ANXIETY!
TEST-TAKING STRATEGIES
ARRIVING AT THE EXAM
HOW TO DOMINATE AT THE REAL ESTATE EXAM
Food and water
Follow directions
Read every word
Keep moving
Use scrap paper to its full advantage
Don't rush
Learn the process of elimination
Don't overanalyze
Change answers
Be prepared for math questions
Cramming
CHAPTER 2
REAL ESTATE PRACTICES AND PRINCIPLES
REAL VS. PERSONAL PROPERTY
Real property's physical characteristics
Real property's economic characteristics
Property (or legal) rights
Land descriptions
CONTRACTS AND DEEDS
General contract classifications and elements
WHAT COULD STOP A CONTRACT FROM GOING THROUGH?
PURCHASE AND SALE AGREEMENTS
Other terms you need to know
DEEDS
Types of deeds
Main parts of a deed
Other important deed and title terms
LEASES AND PROPERTY MANAGEMENT
Freehold and non-freehold estates
Types of leasehold estates (or "tenancies")
Types of leases
What do lessors and lessees have to do?
Lease options
Assignment vs. sublease
Other lease terms and considerations
Property management basics
REAL ESTATE BROKERAGE
Broker-related terms and types of agencies
Agent's professional responsibilities and strategies
The Multiple Listing Service (MLS)
Marketing strategies and basics
Marketing with the MLS
Land development and building construction
Property income analysis.
CHAPTER 3
REAL ESTATE LAW
REAL ESTATE LAW AND REGULATIONS BY STATE
BASICS OF LICENSE LAW
Licensing requirements
Typical laws and statutes
CONTRACTS AND LEGAL DOCUMENTS
What happens if the property is destroyed between signing and closing?
FEDERAL FAIR HOUSING LAW
Important parts of the FHA you should know
Housing not covered by the FHA
Enforcement and fines of the FHA
TRUTH IN LENDING ACT ("REGULATION Z")
Early and final Regulation Z disclosure requirements
Disclosure requirements for ARM loans
Right of rescission
Advertising disclosure requirements
PROPERTY DISCLOSURES AND TRANSFERRING OWNERSHIP
CHAPTER 4
MORTGAGES
TAXES
REAL ESTATE SETTLEMENT AND PROCEDURES ACT (RESPA)
Controlled Business Arrangement (CBA)
Computerized Loan Origination (CLO)
HUD-1 - RESPA Uniform Settlement Statement
SPECIAL AGREEMENTS
Condos
Condotels
Half-shares or quarter-shares
REITS (Real Estate Investment Trusts)
Credit unions
State-specific housing authorities and home financing authorities
Mobile homes
Private lending
Bridge (blanket) loan
Land contracts
CHAPTER 5
APPRAISALS (AKA, HOW MUCH IS IT?)
WHEN DO I NEED AN APPRAISAL?
Loans and mortgages
Real estate taxes
Insurance
Estate settlement
Condemnation
Buying for a business
Exchanges
WHAT MAKES A PROPERTY GO UP IN VALUE?
INFLUENCES AND VARIABLES TO VALUE
THE APPRAISAL PROCESS
Market approach
Income approach
Cost approach
CHAPTER 6
MATH REVIEW FOR THE REAL ESTATE AGENT
DECIMALS
Addition of decimals
Subtraction of decimals
Multiplication of decimals
Division of decimals
FRACTIONS
Addition of fractions
Subtraction of fractions
Multiplication of fractions
Division of fractions
PERCENTAGES
Percent to decimal
Decimal to percent.
Percent to fraction
Fraction to percent
Decimal to fraction
Fraction to decimal
MEASUREMENT OF DISTANCE, AREA, AND VOLUME
Area
Acreage
Volume
Perimeter
FORMULAS AND FORMULA AIDS
OTHER MATH NOTES AND USEFUL TERMS
Interest
Amortization
Profit and loss
Investment
Net income
Rate of return
Taxation
Proration and settlement
Commissions
Depreciation
CHAPTER 6 ANSWER KEY:
CHAPTER 7
PRACTICE TEST AND ANSWER KEY
NATIONAL PRACTICE EXAM #1
ANSWER KEY FOR PRACTICE EXAM
CONCLUSION
GLOSSARY
APPENDIX A
STANDARDIZED TESTING COMPANIES
APPENDIX B
STATE-BY-STATE GUIDELINES FOR THE REAL ESTATE AGENT EXAM
APPENDIX C
STATE REAL ESTATE COMMISSIONS & BUREAUS
APPENDIX D
UNIFORM APPRAISAL REPORT
APPENDIX E
SAMPLE GOOD FAITH ESTIMATE
APPENDIX F
ACRONYMS
BIBLIOGRAPHY.
Notes:
Description based on publisher supplied metadata and other sources.
Local notes:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2021. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Other format:
Print version: Group Inc, Atlantic Publishing So You Want to Be a Real Estate Agent How to Pass Your State License Exam
ISBN:
9781620232125
9781620232118
OCLC:
1004376552