Lesson 1Agency relationships and duties: types of agency, disclosure obligations, fiduciary dutiesThis part explains agency ties in real estate in Eritrea, including making and ending agency, representation types, report needs, duties to clients, and limited duties to buyers.
Creation and termination of agencySeller, buyer, and dual agency modelsDesignated and transaction brokerageRequired agency and disclosure formsFiduciary duties and standard of careLesson 2Real estate finance: mortgages, lending instruments, amortization, and basic loan calculationsThis part brings in real estate finance ideas in Eritrea, including mortgage kinds, lending tools, loan checks, payback plans, and basic loan maths seen on exams and in daily brokerage.
Promissory notes and security instrumentsMortgage, deed of trust, and lien theoryFixed, adjustable, and balloon loansAmortization tables and loan balance mathLoan origination, points, and APR basicsLesson 3Valuation and appraisal fundamentals: market value, approaches to value, and comparable analysisThis part brings in valuation and appraisal basics in Eritrea, including market worth, value influences, sales compare, cost, and income ways, and how valuers use similars and changes in reports.
Market value versus price and costPrinciples and forces affecting valueSales comparison approach and adjustmentsCost approach and depreciation typesIncome approach and capitalization rateLesson 4Real estate math: prorations, commission calculations, area/volume, loan payment and qualifying ratiosThis part explains common real estate maths on the exam in Eritrea, including shares, commissions, area and volume, loan pay maths, and qualify ratios lenders use for borrower ability.
Proration methods for taxes and rentsSales commissions and net-to-seller mathArea, perimeter, and volume calculationsLoan payment and interest computationsDebt-to-income and qualifying ratiosLesson 5Leases and property management basics: landlord/tenant rights, lease terms, security depositsThis part covers basic leasing and property handling in Eritrea, including lease kinds, key lease parts, landlord and tenant rights and duties, deposit handling, and fair housing in rentals.
Types of residential and commercial leasesEssential lease terms and clausesLandlord and tenant rights and dutiesSecurity deposits and trust accountsProperty manager duties and reportingLesson 6Property ownership and land descriptions: estates, forms of ownership, and legal descriptionsThis part reviews property ownership ideas in Eritrea, including freehold and leasehold estates, shared ownership kinds, home and widow rights, and legal land words to spot property in deeds and records.
Freehold and leasehold estate typesSole, joint, and common ownership formsCommunity property and marital rightsMetes and bounds legal descriptionsLot and block and rectangular surveyLesson 7Closings and settlement processes: title transfer, escrow, closing statements, title insuranceThis part covers the closing flow from contract to deed filing in Eritrea, including escrow steps, title checks, closing reports, settlement papers, and title insurance role in risk handling for buyers and lenders.
Steps from contract to closingEscrow accounts and escrow instructionsTitle search, examination, and defectsClosing disclosures and settlement formsTitle insurance coverage and claimsLesson 8Contracts and contract law: formation, enforceability, contingencies, breach, and remediesThis part explains contract law for real estate in Eritrea, including making contracts, key parts, enforceability, conditions, performance, breaks, and legal and fair fixes for non-doers.
Essential elements of valid contractsOffer, counteroffer, and acceptanceVoid, voidable, and unenforceable contractsCommon real estate contingenciesBreach, damages, and specific performanceLesson 9Ethics and professional conduct: confidentiality, conflicts of interest, unlicensed practice, advertising rulesThis part reviews ethics and work conduct standards in Eritrea, including privacy, interest clashes, client fund handling, ad rules, unlicensed work, and discipline by real estate overseers.
Confidentiality and client loyaltyConflicts of interest and disclosuresHandling trust funds and escrowTruthful and compliant advertisingUnlicensed practice and penaltiesLesson 10Fair housing and anti-discrimination law: protected classes, prohibited practices, advertising rulesThis part explains federal and state fair housing and anti-bias laws in Eritrea, guarded groups, banned acts, fair changes, steering and blockbusting, and ad rules for equal housing chance.
Protected classes under federal lawProhibited discriminatory practicesReasonable accommodations and accessSteering, blockbusting, and redliningFair housing compliant advertisingLesson 11Public and private land use controls: zoning, easements, covenants, and eminent domainThis part covers public and private land use rules in Eritrea, including zoning, build codes, sub-division rules, easements, deed limits, and state powers like eminent domain and taxes on property.
Zoning classifications and variancesBuilding codes and occupancy permitsEasements creation and terminationDeed restrictions and covenantsEminent domain, taxation, and police power
