Master the Real Estate License Examinations
7th Edition
Published on 1. October 2010
384 pages
978-0-7689-3041-2 (ISBN)
Description
Describing property and appraising it are essential concepts to master for passing the Real Estate License Exam, because a legal description of a property is a necessary component for both a real estate sales contract and a lease. Peterson's Master the Real Estate License Exam: Describing Property and Appraising It provides you with important real estate information on the metes and bounds system, lot and block system, rectangular survey system, categories of value, principles of appraising value, and factors that influence value.
Whether you've just finished your real estate coursework or you're interested in changing careers, Peterson's Master the Real Estate License Exams provides you with everything you need to sharpen your Real Estate License Exam test-prep skills. Peterson's Master the Real Estate License Exams details essential real estate concepts, including the law of agency, types of ownership, contracts and deeds, and thorough information on those aspects of real estate laws, rules, and regulations that vary by state.
Whether you've just finished your real estate coursework or you're interested in changing careers, Peterson's Master the Real Estate License Exams provides you with everything you need to sharpen your Real Estate License Exam test-prep skills. Peterson's Master the Real Estate License Exams details essential real estate concepts, including the law of agency, types of ownership, contracts and deeds, and thorough information on those aspects of real estate laws, rules, and regulations that vary by state.
More details
Other editions
Additional editions
Peterson's
Master the Real Estate License Examinations
Book
09/2010
7th Edition
Peterson's Guides,U.S.
€20.00
Article exhausted; check different version
Content
- Front
- Contents
- Before You Begin
- How This Book Is Organized
- Special Study Features
- You're Well on Your Way to Success
- Find us on Facebook
- & Follow us on TwitterT
- Top 10 Ways to Raise Your Score
- What You Need to Know About the Exam
- What's Tested on a Typical Exam?
- How to Find Out About Your State's Test
- What You Need to Find Out About the Exam
- Types of Multiple-Choice Questions
- Practice, Practice, Practice
- Ten Test-Taking Tips
- Summing It Up
- Practice Test 1: Diagnostic
- Answer Sheet Practice Test 1: Diagnostic
- Practice Test 1: Diagnostic
- Answer Key and Explanations
- Law of Agency
- Overview
- The Agent, the Principal, the Broker, and the Third Party
- The Relationship Between Agency and Client
- Types of Listing Agreements
- Buyer Agency Agreements
- Termination of Agency/Agreements
- Commissions
- Disclosures
- Fiduciary Responsibilities of Agents
- A Word About Puffing, Misrepresentation, and Fraud
- Exercises
- Answer Key and Explanations
- Summing It Up
- Interests, Estates, and Ownership
- Overview
- Real vs. Personal Property
- Rights of Ownership
- Types of Ownership
- Freehold Estates
- Leasehold Estates
- Private Restrictions on Ownership Rights
- Government/Public Restrictions on Ownership Rights
- Exercises
- Answer Key And Explanations
- Summing It Up
- Fair Housing Laws
- Overview
- The Purpose of Fair Housing Laws
- A Brief History of Federal Fair Housing Laws
- Americans with Disabilities Act
- What Can You Not Do?
- What Do You Have to Do as a Realtor?
- What is the Penalty for Discrimination?
- State and Local Housing Laws
- Exercises
- Answer Key and Explanations
- Summing It Up
- Public Land Use Laws
- Overview
- A Word About the Different Boards
- Zoning Ordinances
- The Right of Eminent Domain
- Interstate Land Sales
- Exercises
- Answer Key and Explanations
- Summing It Up
- Environmental Laws
- Overview
- What Are Hazardous Materials?
- Hazardous Materials in the Air
- Hazardous Materials in the Water Supply
- Hazardous Waste
- Electromagnetic Fields
- A Word to the Wise: Environmental Site Assessment
- The Environment and Construction
- Exercises
- Answer Key and Explanations
- Summing It Up
- Contracts and Deeds
- Overview
- Basic Requirements for a Valid Contract
- Types of Contracts
- Real Estate Sales Contracts
- Sales Contracts and Negotiating the Deal
- Breach of Contract: When the Deal Falls Apart
- Other Real Estate Contracts
- Basic Requirements for a Valid Deed
- Types of Deeds
- Exercises
- Answer Key and Explanations
- Summing It Up
- Requirements for a Valid Lease
- Additional Provisions in a Lease
- Types of Leases
- Rent Control Laws
- Breaking a Lease
- Managing Property
- Exercises
- Answer Key and Explanations
- Summing It Up
- What Is a Legal Description of a Property?
- Metes and Bounds System
- Lot and Block System
- Rectangular Survey System
- Describing Thin Air
- Becoming a Real Estate Appraiser
- What Is the Purpose of a Real Estate Appraisal?
- Categories of Value
- Principles of Appraising Value
- Factors That Influence Value
- Sales Comparison Approach to Valuing Property
- Cost Approach to Valuing Property
- Income Approach to Valuing Property
- Reconciliation: Arriving at the Final Number
- Exercises
- Answer Key and Explanations
- Summing It Up
- Mortgages, Notes, and Trust Deeds
- Requirements of Mortgages and Notes
- Assignments, Assumptions, and "Subject to the Mortgage"
- Mortgage Markets
- Mortgage Insurance Programs
- Categories of Mortgages
- Mortgage Terms and Rates
- Federal Laws Related to Mortgage Financing
- Foreclosure
- Exercises
- Answer Key and Explanations
- Summing It Up
- Property Taxes
- Property Tax Exemptions
- Special Assessments
- Additional Taxes
- Exercises
- Answer Key and Explanations
- Summing It Up
- Types of Closing
- Documents for the Closing
- What the Buyer Produces at the Closing
- The Seller's Costs at Closing
- Credits, Debits, and Proration
- It's Not Over 'Til It's Over
- Exercises
- Answer Key and Explanations
- Summing It Up
- Commissions
- Exercises
- Answer Key and Explanations
- Interest
- Exercises
- Answer Key and Explanations
- Taxes and Assessments
- Exercises
- Answer Key and Explanations
- Proration
- EXERCISES
- ANSWER KEY AND EXPLANATIONS
- Appreciation and Depreciation
- Exercises
- Answer Key and Explanations
- Appraisal
- Exercises
- Answer Key and Explanations
- Measurement and Area
- Units of Measurement
- Formulas for Area
- Exercises
- Answer Key and Explanations
- Math Test-Taking Tips
- Answer Sheet Practice Test 2
- Answer Key and Explanations
- Answer Sheet Practice Test 3
- Answer Key and Explanations
- Answer Sheet Practice Test 4
- Answer Key and Explanations
- Answer Sheet Practice Test 5
- Answer Key and Explanations
- Leasing
- Overview
- Describing Property and Appraising It
- Overview
- Mortgages
- Overview
- Taxes and Assessment
- Overview
- Closings
- Overview
- Review of Real Estate Math
- Overview
- Practice Test 2
- Practice Test 3
- Practice Test 4
- Practice Test 5
- Practice Test 6: Do-It-Yourself Test
- Glossary of Important Real Estate Terms
- State Real Estate Licensing Boards and Commissions
- State Real Estate Appraiser Boards
