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