Lesson 1Agency links and duties: kinds of agency, disclosure duties, trust dutiesThis part explains agency links in real estate, including making and ending agency, kinds of representation, disclosure needs, trust duties owed to clients, and limited duties owed 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, paying back, and basic loan mathThis part introduces real estate finance ideas, including mortgage kinds, lending tools, loan checking, paying back schedules, and basic loan math that show on licensing 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 3Valuing and appraisal basics: market value, ways to value, and similar analysisThis part introduces valuing and appraisal rules, including market value, forces that change value, the sales compare, cost, and income ways, and how appraisers 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: shares, commission math, area/volume, loan pay and getting ratiosThis part explains common real estate math tested on the exam, including shares, commissions, area and volume, loan pay math, and getting ratios used by lenders to check borrower pay 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 managing basics: landlord/tenant rights, lease terms, safety depositsThis part covers basic leasing and property managing topics, including lease kinds, key lease parts, landlord and tenant rights and duties, safety deposit handling, and fair housing issues in rental managing.
Types of residential and commercial leasesEssential lease terms and clausesLandlord and tenant rights and dutiesSecurity deposits and trust accountsProperty manager duties and reportingLesson 6Property owning and land descriptions: estates, owning forms, and legal descriptionsThis part looks at property owning ideas, including freehold and leasehold estates, shared owning forms, home and widow rights, and legal land descriptions used to name 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 ways: title move, escrow, closing papers, title insuranceThis part covers the closing way from contract to deed recording, including escrow steps, title searches, closing shows, settlement papers, and the role of title insurance in handling 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: making, enforceability, conditions, break, and fixesThis part explains contract law as used in real estate, including contract making, key parts, enforceability, conditions, doing, break, and available legal and fair fixes for not-doing parties.
Essential elements of valid contractsOffer, counteroffer, and acceptanceVoid, voidable, and unenforceable contractsCommon real estate contingenciesBreach, damages, and specific performanceLesson 9Ethics and pro conduct: secret keeping, interest conflicts, no license work, ad rulesThis part looks at ethical and pro conduct standards, including secret keeping, interest conflicts, handling client money, ad rules, no license work, 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-bias law: protected groups, banned ways, ad rulesThis part explains federal and state fair housing and anti-bias laws, protected groups, banned ways, fair changes, steering and blockbusting, and ad 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, rights of way, promises, and taking by govThis part covers public and private land use controls, including zoning, building codes, area rules, rights of way, deed limits, and gov powers such as taking by gov and taxing affecting property.
Zoning classifications and variancesBuilding codes and occupancy permitsEasements creation and terminationDeed restrictions and covenantsEminent domain, taxation, and police power
