Real Estate License Exams For Dummies with Online Practice Tests, 4th Edition

Real Estate License Exams For Dummies with Online Practice Tests, 4th Edition

by John A. Yoegel
Released October 2020
Publisher(s): For Dummies
ISBN: 9781119724858

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Book description

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

Product information

  • Title: Real Estate License Exams For Dummies with Online Practice Tests, 4th Edition
  • Author(s): John A. Yoegel
  • Release date: October 2020
  • Publisher(s): For Dummies
  • ISBN: 9781119724858