Feel right at home with the real estate license exam 

To get your foot in the door of the competitive real-estate trade, your first port of call is passing your state exam. Real Estate License Exams For Dummies gives you the building blocks to help you succeed in order to get moving in this lucrative career. It’ll guide you through the latest information on contracts, deeds, appraisals, leasing, and mortgage types—plus four complete practice tests to make sure you know your way around the real thing. 

Written in a friendly, step-by-step style by expert instructor John A. Yoegel, it offers proven test-taking strategies and study techniques that will help you negotiate the big day and have you signing on the dotted line to make that first big sale in no time!  

  • Take 4 complete practice tests with answers  
  • Access real estate laws for all 50 states 
  • Get grounded in real estate terminology 
  • Study on-the-go with flashcards 

If you want to move quickly into your dream career, there’s really no better key than this trusted, bestselling guide!  

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright Page
  4. Introduction
    1. About This Book
    2. Foolish Assumptions
    3. Icons Used in This Book
    4. Beyond This Book
    5. Where to Go from Here
  5. Part 1: Putting Real Estate License Exams into Perspective
    1. Chapter 1: Sold! Taking a Glance at Real Estate License Exams
    2. Checking Out Licensing and Exam Basics
    3. Sign Me Up: Registering for the Exam
    4. Knowing What to Take to the Exam … and What to Leave at Home
    5. Scoring High: Figuring Out How Scores Are Determined
    6. Take Two: Retaking the Exam
    7. Chapter 2: Using Successful Study and Test-Taking Techniques
    8. One Word to Get You Through: PREPARE
    9. Trying Terrific Test-Taking Strategies
  6. Part 2: So You Want to Sell Real Estate: The Job and Basic Laws
    1. Chapter 3: The Job: It Isn’t Just Driving People Around
    2. Recognizing Those in the Real Estate Business and How They Got There
    3. Knowing What a Real Estate Broker/Salesperson Does
    4. Understanding How a Real Estate Broker/Salesperson Gets Paid
    5. Working Hard: Career Opportunities
    6. Property Management: A Special Kind of Career Opportunity
    7. Managing a Real Estate Office: You’re the Boss, Ms. or Mr. Broker
    8. Working As an Independent Contractor
    9. Focusing on Job-Related Laws That You Need to Understand
    10. Review Questions and Answers
    11. Chapter 4: Understanding Agency Law
    12. Becoming Someone’s Real Estate Agent: You’re Hired
    13. Keeping the Faith: The Relationship between an Agent and a Principal
    14. Meeting Obligations: The Relationship Between an Agent and a Customer
    15. Making Money (No, Not at the Copy Machine)
    16. Parting Is Such Sweet Sorrow: Ending an Agency Relationship
    17. Review Questions and Answers
    18. Chapter 5: Knowing the Fair Housing Laws for Selling Real Estate
    19. Practicing Fair Housing: The Basics
    20. Don’t Do It: Avoiding Discriminatory Actions
    21. Feeling Safe: Identifying Who’s Protected
    22. Bending the Rules: Understanding Exceptions to the Law
    23. Extra Coverage: Protecting the Disabled from Discrimination
    24. Staying Strong: Enforcing the Law
    25. Review Questions and Answers
  7. Part 3: It’s All Mine: Owning and Transferring Real Estate
    1. Chapter 6: Owning It: Estates and Interests
    2. What Do You Own? Understanding Ownership Terms
    3. Estates (Even Without the Castles)
    4. Eyeing Different Ownership Rights
    5. Review Questions and Answers
    6. Chapter 7: Understanding Forms of Real Estate Ownership
    7. Real Estate Ownership: A Solo or Group Activity
    8. Special Types of Ownership: Cooperatives, Condominiums, and More
    9. Review Questions and Answers
    10. Chapter 8: Knowing the Limitations on Real Estate Ownership
    11. Carrying a Not-So-Heavy Encumbrance: Private Limitations on Property Use
    12. Land-Use Regulation: A Major Public Limitation
    13. The Government Has Its Say: Other Public Limitations on Property Use
    14. Review Questions and Answers
    15. Chapter 9: Transferring Ownership: Deeds and Title Closing
    16. Doing the Deed: Delving into Deed Basics
    17. Getting Closure: Title Closing
    18. Review Questions and Answers
    19. Chapter 10: Giving Up or Losing Property
    20. Fine by Me: Giving Up Property Voluntarily
    21. By Force: Losing Property Involuntarily
    22. Losing Property Very Involuntarily: Passing Title After Passing Away
    23. Review Questions and Answers
  8. Part 4: A House Is Made of Lots of Paper: Legal and Physical Issues
    1. Chapter 11: Contracts 101
    2. Agreeing to Do Something: The Basics of Making a Contract
    3. So Many Choices: Examining Types of Real Estate Contracts
    4. The End of the Line: Discharging a Contract
    5. Breaching a Real Estate Contract
    6. Review Questions and Answers
    7. Chapter 12: Leasing Property
    8. Identifying Who’s Who and What’s What
    9. The Usual Suspects: Preparing a Typical Lease
    10. Distinguishing among Various Types of Leases
    11. Breaking a Lease: Types of Eviction
    12. Getting What You Paid For
    13. Review Questions and Answers
    14. Chapter 13: Dealing with Environmental Government Regulations and Issues
    15. Deciphering the Federal Government Alphabet Soup
    16. Assessing the Environmental Effects of Building Developments
    17. This Stuff Can Make You Sick: Examining Environmental Pollutants and Situations
    18. Go with the Flow: Water and Waste Issues
    19. Review Questions and Answers
  9. Part 5: You Want How Much? Valuation and Financing of Real Estate
    1. Chapter 14: Appraising Property
    2. Figuring Out Appraisal Basics
    3. Understanding the Importance of Location!
    4. Arriving at Different Types of Value
    5. Creating, Changing, and Affecting Values: Some Economic Factors
    6. Finding Value by Analyzing Comparable Sales
    7. Finding Value by Analyzing Replacement Cost and Depreciation
    8. Finding Value by Analyzing a Property’s Income
    9. Reconciling a Property’s Value
    10. Review Questions and Answers
    11. Chapter 15: Finding the Money: Mortgages
    12. The Way Things Work: Mortgage Basics
    13. Examining Sources of (and Insurance for) Funding
    14. Considerations for Lenders Accepting Mortgages
    15. Grasping the Different Types of Mortgages
    16. Comprehending Mortgage Repayment Plans
    17. Endings You Didn’t Anticipate: Foreclosures, Assumptions, and Assignments
    18. Being Fair: Consumer Protection Laws
    19. Review Questions and Answers
    20. Chapter 16: It’s So Taxing: Real Estate Assessment and Taxes
    21. Who Wants Your Money, and What Do They Want with It? Collecting Taxes
    22. Recognizing What’s So Special about Assessments
    23. Go Figure! Calculating Taxes Step by Step
    24. Home Free (Sort of): Eyeing Property Tax Exemptions
    25. That’s Not Right: Protesting Assessments
    26. Pay or Lose: Tax Liens and Sales
    27. Review Questions and Answers
    28. Chapter 17: Investing in Real Estate
    29. Focusing on Property Investment
    30. Partnering Up: Real Estate Investment Organization Structures
    31. Spending Spree: Acquiring and Building Investments
    32. Making Money by Investing in Real Estate
    33. Getting Uncle Sam’s Help: The Government’s Role in Investing
    34. By the Numbers: Analyzing Investment Properties
    35. Review Questions and Answers
    36. Chapter 18: All in the Numbers: Real Estate Mathematics
    37. Don’t Lose the Faith, but You May Have to Convert
    38. Land and Buildings: Measuring Area and Volume
    39. Percentages: Pinpointing What You Really Need to Know
    40. Commissions: Tracking Your Moolah
    41. Making Mortgage Calculations without a Fancy Calculator
    42. Oh, the Pain: Calculating Taxes
    43. Putting Proration into Perspective
    44. Appreciating Appreciation and Depreciation
    45. Estimating Appraised Value
    46. Review Questions and Answers
  10. Part 6: You’re Ready: Taking Practice Exams
    1. Chapter 19: Practice Exam One
    2. Chapter 20: Answers and Explanations to Practice Exam One
    3. Chapter 21: Practice Exam Two
    4. Chapter 22: Answers and Explanations to Practice Exam Two
    5. Chapter 23: Practice Exam Three
    6. Chapter 24: Answers and Explanations to Practice Exam Three
    7. Chapter 25: Practice Exam Four
    8. Chapter 26: Answers and Explanations to Practice Exam Four
  11. Part 7: The Part of Tens
    1. Chapter 27: Ten Things to Find Out from Your State’s Real Estate Law
    2. Agency Law
    3. Fair Housing
    4. License Law
    5. Limitations on Land Use
    6. Money Stuff
    7. Ownership Rights, Forms, and Theories
    8. Property Disclosure
    9. Tenants’ Rights and Rent Control
    10. Transferring Ownership Involuntarily
    11. Transferring Ownership Voluntarily
    12. Chapter 28: Ten Tips to Help You Succeed on the Exam
    13. Taking the Exam as Soon as You Can
    14. Knowing the Rules (and Following Them)
    15. Studying Your State License Law
    16. Remembering Important Vocabulary
    17. Focusing on Key Concepts
    18. Eating Something
    19. Staying Cool, Calm, and Collected
    20. Paying Attention (without Overthinking)
    21. Going with Your Initial Instinct
    22. Finishing the Job
  12. Appendix A: Glossary
  13. Index
  14. About the Author
  15. Connect with Dummies
  16. End User License Agreement