Lesson 1Leasing and property management fundamentals: leases, landlord/tenant obligations, security deposit rulesCovers basics of leasing and property management, including lease types, landlord and tenant responsibilities, handling security deposits, and simple risk management for agents and managers.
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 how contracts are formed and enforced in real estate. Covers offers, counteroffers, contingencies, 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 statutesExamines required disclosures on property condition, what qualifies as material facts or hidden defects. Clarifies seller and agent duties, inspections, and documenting 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 state laws adapt general real estate rules and contracts. Reviews standard forms and addenda, their uses, and accurate completion for lawful 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 interestAddresses ethical standards, mandatory agency disclosures, managing dual agency or limited roles. Stresses spotting conflicts, gaining consent, and avoiding disciplinary actions.
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 agency creation, duties to clients, and how relationships work. Includes disclosure, termination methods, and exam scenarios 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 real estate finance ideas tested on exams. Covers loan types, qualification measures, closing costs, and 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 rulesReviews national and state fair housing laws, protected groups, banned practices. Explains enforcement, ad rules, and creating policies that avoid discrimination.
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 forms and legal land descriptions. Includes freehold/leasehold estates, 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, recordingOutlines steps from contract to closing, title checks, fixes, and recording. Reviews deed types, essentials, 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 prohibitionsDetails proper management of earnest money and client funds. Covers trust accounts, deposits, records, and bans on mixing or misusing funds.
Earnest money receipt and deposit deadlinesEscrow instructions and release proceduresTrust account setup and signatory controlRequired records and reconciliationsCommingling, conversion and penalties
