Appraisal methods determine the estimated market value of real property using standardized methodologies. Learn the 3 approaches to value and what to expect on the real estate license exam.
The Fair Housing Act prohibits discrimination in housing based on 7 protected classes. Learn what is covered, common violations, and what to expect on the real estate license exam.
Agency relationships in real estate define the fiduciary bond between agent and client. Learn the types of agency, how they are created, and what to expect on the real estate license exam.
Mortgage types define the loan programs available for financing real estate purchases. Learn conventional, FHA, VA, USDA, ARM, and jumbo loans and what to expect on the real estate license exam.
Real estate contracts are classified into several types tested on the license exam. Learn bilateral, unilateral, implied, executed, executory, option, void, and voidable contracts — plus what to expect on the real estate license exam.
A lien in real estate is a financial claim against a property used as security for a debt. Learn the types of liens, how they affect property transfer, and what to expect on the real estate license exam.