Lesson 1Leasing and property management fundamentals: leases, landlord/tenant obligations, security deposit rulesCovers basics of renting and property care. Explains types of leases, landlord and tenant duties, handling security money, and simple risk handling for managers and agents.
Lease types and key lease provisionsLandlord obligations and habitabilityTenant rights, defaults and evictionsSecurity deposit limits and accountingManagement agreements and fiduciary dutiesLesson 2Contracts and contract law: offer, acceptance, consideration, capacity, contingency, breaches and remediesIntroduces making and enforcing contracts in real estate. Goes over offers, counteroffers, conditions, common breaks, and fixes available plus exam contract parts.
Elements of a valid and enforceable contractOffer, counteroffer and acceptance rulesConsideration, capacity and legalityContingencies, addenda and time limitsBreach, damages, rescission and specific performanceLesson 3Disclosures and property condition: material facts, latent defects, seller disclosure statutesLooks at needed property condition reports and what makes a big fact or hidden problem. Clears up seller and agent duties, inspection matters, and noting disclosure properly.
Material facts versus opinions and puffingLatent defects and duty to investigateSeller disclosure forms and exemptionsLicensee disclosure obligations to buyersInspections, repairs and disclosure updatesLesson 4State-specific statutory variations and common addenda/forms to learnFocuses on how state laws change general real estate rules and contracts. Reviews usual required forms and extras, their uses, and filling them right for proper deals.
Key state-specific licensing requirementsMandatory consumer disclosure formsCommon purchase contract addendaLead-based paint and property condition formsLocal custom clauses and practice variationsLesson 5Ethics, agency disclosure, dual agency and conflicts of interestCovers ethical rules, needed agency reports, and handling dual agency or limited work. Stresses spotting interest clashes, getting clear agreement, and avoiding trouble-causing actions.
Code of ethics and professional conductRequired timing and content of disclosuresDual agency, designated agency and consentConflicts of interest and disclosure dutiesDisciplinary actions and risk avoidanceLesson 6Agency law and fiduciary duties: duties, types of agency relationships, terminationExplains creating agency, duties to clients, and how agency types work. Covers proper reporting, ending agency ways, and exam cases of duty breaks.
Creation of agency and required agreementsFiduciary duties owed to seller and buyer clientsTypes of agency: single, subagency, designatedBuyer brokerage and tenant representationTermination of agency and consequencesLesson 7Real estate finance basics: mortgage types, loan qualification metrics, closing costs, RESPA and TILA basicsIntroduces key real estate money ideas on the exam. Reviews loan types, qualification numbers, closing fees, and buyer protection under RESPA and TILA for home deals.
Mortgage types and loan program featuresInterest rates, points and loan pricingDebt-to-income and credit qualificationClosing costs, prepaid items and escrowsRESPA, TILA and Loan Estimate basicsLesson 8Fair housing, discrimination law, and HUD rules: protected classes, prohibited practices, advertising rulesReviews national and state fair housing laws, protected groups, and banned actions. Explains HUD checking, ad rules, and making policies and talks that avoid unfair effects.
Protected classes under federal and state lawProhibited conduct and disparate impactSteering, blockbusting and redliningHUD complaint process and enforcementFair housing compliant advertising rulesLesson 9Property ownership and land descriptions: estates, concurrent ownership, legal descriptionsExplains property owning types and legal land naming. Covers freehold and leasehold, shared owning forms, and boundary, lot-block, and survey methods.
Freehold and leasehold estate categoriesJoint tenancy, tenancy in common and entiretyCommunity property and marital interestsLegal description methods and accuracyEasements, encroachments and restrictionsLesson 10Closing procedures, title and deeds: chain of title, title insurance, deed types, recordingCovers steps from contract to closing, like title check, fixing issues, and filing. Reviews deed types, needed parts, and how title insurance guards deal parties.
Pre-closing timeline and coordination tasksChain of title and title search reportsTitle defects, clouds and curative actionsDeed types and essential deed elementsRecording, priority and constructive noticeLesson 11Handling client funds and escrow: earnest money procedures, trust account rules, recordkeeping and commingling prohibitionsExplains right way to manage deposit money and client cash. Covers trust account setup, deposit times, records, checks, and bans on mixing or taking funds.
Earnest money receipt and deposit deadlinesEscrow instructions and release proceduresTrust account setup and signatory controlRequired records and reconciliationsCommingling, conversion and penalties
