Lesson 1Leasing and property management fundamentals: leases, landlord/tenant obligations, security deposit rulesCover basics of leasing and property management, including lease kinds, landlord and tenant responsibilities, handling deposits, and simple risk steps 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 remediesLearn contract basics and enforceability in real estate, covering offers, counters, conditions, common breaches, remedies, and key clauses tested on exams.
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 statutesDive into must-make property condition disclosures, what makes a material fact or hidden defect. Clarify seller and agent duties, inspections, and recording compliance.
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 learnSee how state laws change general real estate rules and contracts. Review required forms and add-ons, their uses, and how to fill 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 interestHandle ethical rules, needed agency disclosures, dual agency or limited roles. Spot interest conflicts, get informed agreement, and avoid actions leading to penalties.
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, terminationUnderstand agency creation, duties to clients, relationship types. Cover disclosures, endings, and exam cases on 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 basicsKey finance ideas for exams: loan types, qualification measures, closing fees, and buyer protections 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 rulesReview fair housing laws, protected groups, banned acts. Learn HUD checks, ad rules, and ways to make policies and talks free of bias.
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 descriptionsForms of ownership and land description methods. Freehold/leasehold, shared ownership, metes/bounds, lot/block, government surveys.
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, recordingFrom contract to close: title checks, fixes, recording. Deed kinds, elements, title insurance protection.
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 prohibitionsProper earnest money and client fund care. Trust accounts, deposits, records, no mixing or misuse rules.
Earnest money receipt and deposit deadlinesEscrow instructions and release proceduresTrust account setup and signatory controlRequired records and reconciliationsCommingling, conversion and penalties
