Real Estate License Exams

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6 Fiduciary Duties of a Real Estate Agent

The relationship between a real estate agent and a client is called a fiduciary relationship. Fiduciary means faithful servant, and an agent is a fiduciary of the client. In real estate, a broker or a [more…]

4 Types of Listing Agreements for Real Estate Agents

As you prepare for your real estate license exam, understand that listing agreements establish the relationship between the real estate agent and the property seller. Remember that similar agreements are [more…]

Real Estate License Exam: 7 Confusing Word Pairs

Before you take your real estate license exam, it's important that you understand the difference between similar-sounding terms. The following real-estate terms are the most often confused; get these memorized [more…]

4 Kinds of Real Estate Ownership

Until you started your real estate career, you might have assumed there was just one kind of property ownership — you either owned the property, or you didn't. Well, there are several types of property [more…]

Real-Estate Vocabulary Words for Giving Up and Losing Property

Prepare for your real estate license exam by learning the precise meanings of words used for property that's conveyed or transferred voluntarily — through a number of means. Property can also be lost involuntarily [more…]

Real Estate License Exams For Dummies Cheat Sheet

Taking a state real estate exam is necessary for becoming a licensed real estate agent in the United States. Every state requires real estate agents to have a license — and to take and pass a state examination [more…]

What You Should Know about Special Types of Ownership for the Real Estate License Exam

There will be some questions on the Real Estate License Exam that ask about special types of ownership. Cooperatives and condominiums are popular forms of ownership for a variety of reasons, but primarily [more…]

What Does a Real Estate Broker/Salesperson Do?

Real estate brokers and salespeople do all of the things listed in your state’s licensing law. Although the list of activities is fairly universal across the United States, it may vary in detail from one [more…]

Career Opportunities after You Pass the Real Estate License Exam

Real estate agents can work in a number of places after passing the Real Estate License Exam. In some cases real estate training can provide good background for jobs that may not require a real estate [more…]

10 Things to Find Out from Your State’s Real Estate Law

Licenses for real estate brokers and salespersons are granted after the exam by each state. The problem that creates is that every state has its own laws governing real estate procedures, practices, and [more…]

10 Tips to Help You Succeed on the Real Estate License Exam

Here are a few general strategies you can use while you’re taking the Real Estate Licensing Exam. Don’t think of these ten topics as guarantees for success; just know that if you follow the advice, you [more…]

The Duties of a Property Manager for the Real Estate License Exam

The duties of a property manager for the purposes of the Real Estate License Exam generally are defined as maximizing income and maintaining or increasing the overall value of the property being managed [more…]

What You Should Know about Property Management Agreements for the Real Estate License Exam

For the Real Estate License Exam, you will need to know that the basis for the relationship between a property manager and a property owner is a contract called the property management agreement. Although [more…]

Broker Responsibilities on the Real Estate License Exam

Some states expect aspiring brokers to know something about administrative duties and responsibilities of running a real estate brokerage for the Real Estate License Exam, including supervising people [more…]

What You Should Know about Independent Contractors for the Real Estate License Exam

Most real estate salespeople work as independent contractors for brokers. This relationship sometimes creates issues you need to understand for the Real Estate License Exam. This typical working relationship [more…]

Job-Related Laws You Should Know for the Real Estate License Exam

A few common misunderstandings about the real estate business are pretty serious issues because they deal with federal antitrust laws. Real Estate License Exam writers expect you to be able to answer questions [more…]

What You Should Know about the Agent and Principal Relationship for the Real Estate License Exam

The elements of an agent’s responsibility to the principal are summed up in one word — fiduciary. The Real Estate License Exam will undoubtedly ask questions about these fiduciary duties. [more…]

What You Should Know about the Agent and Customer Relationship for the Real Estate License Exam

Clients or principals clearly benefit from representation by an agent. This relationship will be covered on the Real Estate License Exam. Customers have rights, too. Remember that the customer can be either [more…]

Payment Concerns for the Real Estate License Exam

A discussion about how real estate agents are paid needs to happen before you take the Real Estate License Exam. Agents get paid if and when they fulfill their agency duties and complete the work of the [more…]

What You Should Know about Ending an Agency Relationship for the Real Estate License Exam

A real estate agency relationship can end in several different ways, and you should be familiar with these for the Real Estate License Exam. Depending on the reason for the termination, the particular [more…]

Fair Housing Basics for the Real Estate License Exam

You will definitely need to know fair housing basics for the Real Estate License Exam. The basic concept and goal of fair housing laws at the federal, state, and local levels is to prevent discrimination [more…]

Discriminatory Actions You Need to Know for the Real Estate License Exam

The Real Estate License Exam will ask about the basic provisions of the Federal Fair Housing Act of 1968. It defines certain actions that are considered discriminatory and prohibit them. Remember these [more…]

Discriminatory Advertising Rules You Should Know for the Real Estate License Exam

Discriminatory advertising is prohibited. The Real Estate License Exam will expect you to be able to apply this rule. Although discriminatory advertising is easy to understand, it may be a little confusing [more…]

1968 Federal Fair Housing Act Exceptions on the Real Estate License Exam

You need to know rules for the Real Estate License Exam, as well as the exceptions that go along with them. The 1968 Federal Fair Housing Act was written with certain exceptions, or cases in which people [more…]

What You Should Know about Estates for the Real Estate License Exam

There will be questions involving estates on the Real Estate License Exam. Simply stated, the term estate, or estate in land, describes the extent and type of interest or rights that someone has in a piece [more…]

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