Free online courseReal Estate Exam Concepts
Duration of the online course: 11 hours and 1 minutes
New course
Unlock real estate exam success with this free course covering essential concepts like functional obsolescence, easements, economic principles, and legal clauses.
Course Description
The "Real Estate Exam Concepts" course is a comprehensive guide designed to help aspiring realtors achieve their professional goals. With a total duration of 11 hours and 1 minute, this course falls under the Professional courses category, specifically within the Realtor subcategory. The course covers a wide array of critical topics that are crucial for passing the real estate licensing exam.
Participants begin by understanding what a real estate license is, exploring fundamental questions that are likely to appear on the exam. Functional and economic obsolescence are dissected, helping learners differentiate between these forms of depreciation in real estate. The course also delves into agrarian elements like emblements, giving a full scope of what to expect in real estate transactions.
Easements are another significant focus, with detailed explanations on their types and implications. Puffing and its legal boundaries are also discussed, ensuring that learners can differentiate between permissible sales techniques and deceitful practices. Both freehold and leasehold estates are examined, clarifying the distinctions and their importance in real estate law.
Contingent properties, government powers, and water rights are key elements that the course brings to light, followed by the concept of appurtenance in property rights. Escrow mechanisms and the differences between bilateral and unilateral contracts are explored. The course also includes chapters on fraud, agency relationships, and air rights, which are crucial for a nuanced understanding of real estate transactions.
The course outlines the differences between dominant and servient estates, and provides an understanding of dual agency situations. Legal clauses such as Habendum, Alienation, Defeasance, Acceleration, Prepayment Penalty, Subordination, and Release Clauses are all broken down to their basic meanings. Learners are guided through escheat, eminent domain, and the role of an attorney-in-fact.
Complex concepts like the differences between title and deed, equitable title, types of deeds, adverse possession, and color of title are skilfully unpacked. The nuances between ingress and egress, debits and credits, as well as real estate economics are made clear for test-takers.
Real estate novation, commingling, and valid contract types are further examined to ensure that participants are well-versed in contract law. Differences between valid, void, and voidable contracts are also explained, along with nuances between executed and executory contracts, implied contracts, and option contracts. The course continues with an in-depth analysis of the market data, cost, and income approaches to property valuation.
Principles such as conformity, substitution, contribution, highest and best use, and progression are covered to provide a thorough understanding of real estate appraisal. Physical deterioration, blind ads, and blind offers are also discussed.
Extensive topics related to legal and ethical standards, including blockbusting, steering, protected classes in real estate, various civil rights acts, group boycotting, tie-in agreements, and price fixing, are meticulously covered. Considerations of the Truth in Lending Act, Fair Housing Acts, and different exemptions are highlighted.
The course rounds off by discussing real estate settlement procedures, usury laws, the roles of lessor vs lessee, and various lease types, such as net leases, gross leases, percentage leases, sandwich leases, leasebacks, and variable leases.
Finally, learners are equipped with insider tips and essential exam vocabulary to ensure a successful exam experience. This course stands as an invaluable resource for anyone aspiring to excel in their real estate licensing exam.
Conteúdo do Curso
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Video class: Real Estate License: What is it? Real estate license exam questions.
0h02m
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Exercise: What does a real estate license allow a person to do?
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Video class: Functional Obsolescence: What is it? Real estate license exam questions.
0h01m
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Video class: Economic Obsolescence: What is it? Real estate license exam questions.
0h01m
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Video class: Emblements: What are they? Real estate license exam questions.
0h01m
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Video class: Easements: What are they? Real estate license exam questions.
0h01m
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Video class: Puffing: What is it? Real estate license exam questions.
0h01m
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Video class: Freehold Estates: What are they? Real estate license exam questions.
0h02m
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Exercise: Which of the following describes a freehold estate with the greatest interest and is only subject to limitations by government powers?
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Video class: Leasehold Estates: What are they? Real estate license exam questions.
0h02m
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Video class: Contingent Property: What is it? Real estate license exam questions.
0h04m
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Video class: Government Powers: What are they? Real estate license exam questions.
0h03m
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Exercise: What is NOT considered one of the four main government powers affecting real estate, often remembered using the acronym 'PEAT'?
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Video class: Water Rights: What are they? Real estate license exam questions.
0h04m
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Video class: Appurtenant: What does it mean? Real estate license exam questions.
0h03m
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Video class: Escrow: What is it? Real estate license exam questions.
0h03m
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Exercise: In real estate transactions, what is the primary purpose of placing an asset into escrow?
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Video class: Bilateral Contracts vs Unilateral Contracts: The difference? Real estate license exam questions.
0h04m
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Video class: Fraud: What is it? Real estate license exam questions.
0h03m
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Video class: Agency Relationships: What are they? Real estate license exam questions.
0h06m
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Exercise: In real estate, what is the primary distinction between a principal (or client) and a customer?
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Video class: Air Rights: What are they? Real estate license exam questions.
0h03m
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Video class: Dominant vs Servient Estate: The difference? Real estate license exam questions.
0h04m
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Video class: Dual Agency: What is it? Real estate license exam questions.
0h05m
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Exercise: What is required in most states where dual agency is legal?
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Video class: Habendum Clause: What is it? Real estate license exam questions.
0h03m
Real State Exam
Free Real Estate Exam Courses
Are you preparing for your real estate exam and looking for comprehensive, free courses to help you succeed? Look no further! Our curated list of free real estate exam courses is designed to provide you with all the resources you need to pass your exam with flying colors. Whether you're a first-time test-taker or looking to refresh your knowledge, these courses cover a wide range of topics essential for real estate professionals.
Our selection of free real estate exam courses includes:
- Real Estate Principles: Understand the foundational principles of real estate, including property rights, land use controls, and environmental regulations. This course is perfect for beginners who need a solid grounding in real estate concepts.
- Real Estate Law: Dive into the legal aspects of real estate transactions. Learn about contracts, property ownership, and the various laws that govern real estate practices. This course is essential for anyone who wants to ensure they are compliant with legal standards.
- Real Estate Finance: Gain insights into the financial side of real estate. Topics include mortgage types, loan processes, and financial calculations. This course is ideal for those who need to understand the financial mechanisms behind real estate transactions.
- Property Management: Learn the ins and outs of managing residential and commercial properties. This course covers tenant relations, maintenance, and property management laws, making it a must for aspiring property managers.
- Real Estate Appraisal: Get to grips with the methods and techniques used in property valuation. This course will teach you how to assess property values accurately, which is crucial for both buying and selling real estate.
- Real Estate Marketing: Discover effective marketing strategies specifically tailored for the real estate industry. Learn how to attract buyers, sellers, and tenants through various marketing channels.
- Real Estate Math: Brush up on the math skills needed for real estate transactions. This course covers everything from basic arithmetic to more complex calculations used in real estate finance and appraisal.
Each course is designed to be user-friendly and accessible, with materials that include video lectures, interactive quizzes, and downloadable resources. By taking advantage of these free real estate exam courses, you'll be well-prepared to tackle your exam and embark on a successful career in real estate.
Don't miss out on this opportunity to access high-quality, free education that can help you achieve your professional goals. Enroll in these free real estate exam courses today and take the first step towards becoming a licensed real estate professional.
For more information and to start your learning journey, visit our website and explore the full range of free courses available. Good luck with your studies!
This free course includes:
11 hours and 1 minutes of online video course
Exercises to train your knowledge
Certificate of course completion
100% free, from content to certificate
This online course can only be accessed through the Cursa App. Download it using the QR code or the links below:
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