Lesson 1Agency relationships and duties: types of agency, disclosure duties, fiduciary dutiesThis part explains agency relationships in real estate, including making and ending agency, types of representation, disclosure needs, fiduciary duties to clients, and limited duties to customers.
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 tools, amortization, and basic loan calculationsThis part introduces real estate finance ideas, including mortgage types, lending tools, loan checking, amortization plans, and basic loan calculations that show on license exams and in daily brokerage work.
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 basics: market value, ways to value, and comparable analysisThis part introduces valuation and appraisal principles, including market value, forces that affect value, the sales comparison, cost, and income ways, and how appraisers use comparables 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 math tested on the exam, including prorations, commissions, area and volume, loan payment calculations, and qualifying ratios used by lenders to check borrower ability to pay.
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 management topics, including lease types, essential lease parts, landlord and tenant rights and duties, security deposit handling, and fair housing issues in rental management.
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, including freehold and leasehold estates, shared ownership forms, homestead and dower rights, and legal land descriptions used to identify property in deeds and public 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 process from contract to deed recording, including escrow steps, title searches, closing disclosures, settlement statements, and the role of title insurance in managing risk 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 as applied to real estate, including contract making, essential parts, enforceability, contingencies, performance, breach, and available legal and fair remedies for non-doing parties.
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 ethical and professional conduct standards, including confidentiality, conflicts of interest, handling client funds, advertising rules, unlicensed practice, and punishment actions by real estate regulators.
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-discrimination laws, protected classes, prohibited practices, reasonable accommodations, steering and blockbusting, and advertising rules to ensure 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 controls, including zoning, building codes, subdivision rules, easements, deed restrictions, and government powers such as eminent domain and taxation affecting property.
Zoning classifications and variancesBuilding codes and occupancy permitsEasements creation and terminationDeed restrictions and covenantsEminent domain, taxation, and police power
