Lesson 1Leasing and property management fundamentals: leases, landlord/tenant obligations, security deposit rulesCovers basics of leasing and property management in Zambia. Explains lease kinds, landlord and tenant responsibilities, handling security deposits, and simple risk control for 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 Zambian real estate. Covers offers, counteroffers, conditions, common breaches, remedies, and key clauses tested in 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 statutesLooks at required property disclosures in Zambia, what makes a material fact or hidden defect. Clarifies 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 learnFocuses on how Zambian laws adjust general real estate rules and contracts. Reviews must-use forms and add-ons, 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 disclosures, handling dual agency or limited roles. Stresses spotting conflicts, getting consent, and avoiding actions that lead 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, terminationExplains creating agency, duties to clients, and how relationships work. Covers disclosures, ending agency, and exam cases on 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 basicsIntroduces key finance ideas for Zambian real estate exams. Reviews loan types, qualification measures, closing fees, and buyer protection rules.
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 Zambian fair housing laws, protected groups, banned practices. Explains enforcement, ad rules, and making policies 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 ownership types and land descriptions in Zambia. Covers freehold/leasehold, shared ownership, and methods like metes and bounds or 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, recordingCovers steps from contract to closing in Zambia, title checks, fixing issues, recording. Reviews deed types, elements, and 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 prohibitionsExplains right handling of client money like earnest deposits. Covers trust accounts, deposit times, records, and bans on mixing funds.
Earnest money receipt and deposit deadlinesEscrow instructions and release proceduresTrust account setup and signatory controlRequired records and reconciliationsCommingling, conversion and penalties
