Lesson 1Leasing and property management fundamentals: leases, landlord/tenant obligations, security deposit rulesE give basics of leasing and property management. E explain lease types, landlord and tenant duties, security deposit handling, and simple risk control for managers and licensees.
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 remediesE introduce contract formation and enforceability for real estate. E review offers, counteroffers, contingencies, and common breaches, plus remedies and exam-tested contract clauses.
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 statutesE explore must-do property condition disclosures and wetin count as material fact or hidden defect. E clear seller and licensee duties, inspection matters, and how to document disclosure 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 learnE focus on how state laws change general real estate rules and contracts. E review common must-use forms and addenda, dem purposes, and how to fill dem correct for proper transactions.
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 interestE cover ethical standards, must-do agency disclosures, and how to handle dual agency or limited representation. E stress identifying conflicts of interest, informed consent, and avoiding conduct wey fit lead to discipline.
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, terminationE explain how agency start, di fiduciary duties to clients, and how different agency relationships work. E cover proper disclosure, ways agency fit end, and exam scenarios with duty breaches.
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 basicsE introduce core real estate finance concepts wey dem test for exam. E review loan types, qualification measures, closing costs, and consumer protection rules under RESPA and TILA for residential 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 rulesE review federal and state fair housing laws, protected classes, and banned practices. E explain HUD enforcement, advertising rules, and how to structure policies and scripts wey avoid discriminatory impact.
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 descriptionsE explain forms of property ownership and how land dey described legally. E cover freehold and leasehold estates, concurrent ownership forms, and metes and bounds, lot and block, and government survey.
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, recordingE cover steps from contract to closing, including title check, fixing defects, and recording. E review deed types, must-have elements, and how title insurance protect parties in di transaction.
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 prohibitionsE explain proper handling of earnest money and other client funds. E cover trust account setup, deposit timing, recordkeeping, reconciliation, and strict bans on commingling or conversion of funds.
Earnest money receipt and deposit deadlinesEscrow instructions and release proceduresTrust account setup and signatory controlRequired records and reconciliationsCommingling, conversion and penalties
