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Texas Real Estate Sales Exam Real Estate Exam Prep and Career Guides 4th Edition by Learningexpress Editors ISBN 1576855422 9781576855423

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Texas Real Estate Sales Exam Real Estate Exam Prep and Career Guides 4th Edition Learningexpress Editors Digital Instant Download

Author(s): LearningExpress Editors
ISBN(s): 9781576855423, 1576855422
Edition: 4th
File Details: PDF, 1.17 MB
Year: 2007
Language: english
SKU: EB-1787910 Category: Tag:

Texas Real Estate Sales Exam Real Estate Exam Prep and Career Guides 4th Edition by Learningexpress Editors – Ebook PDF Instant Download/Delivery: 1576855422, 9781576855423
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Product details:

ISBN 10: 1576855422 
ISBN 13: 9781576855423
Author: Learningexpress Editors

To become a licensed real estate agent in Texas, applicants must first pass the state’s real estate sales exam. This book contains all the information needed to prepare for and pass the test, including four full-length practice exams – updated to current standards – with fully explained answers. There are also study and test-taking tips and a CDROM containing practice tests and hundreds of additional questions, answers, and explanations. To help readers on and beyond the test, the book has a real estate refresher course reflecting all recent changes to state laws and policies and a glossary of real estate terms.

Texas Real Estate Sales Exam Real Estate Exam Prep and Career Guides 4th Table of contents:

Part I: National Real Estate Principles and Practices

  • Chapter 1: Real Estate Fundamentals

    • Definitions and Basic Concepts

    • Types of Real Property

    • Land Use Controls and Regulations (Zoning, Planning)

    • Property Rights and Interests (Estates in Land, Encumbrances)

    • Forms of Ownership (Severalty, Concurrent, Business Ownership)

  • Chapter 2: Agency and Brokerage

    • Types of Agency Relationships (Express, Implied)

    • Duties of Agents to Clients/Customers (Fiduciary Duties)

    • Brokerage Relationships and Compensation

    • Termination of Agency

  • Chapter 3: Real Estate Contracts

    • Elements of a Valid Contract

    • Types of Contracts (Listing, Buyer Representation, Sales)

    • Breach of Contract and Remedies

    • Contractual Provisions and Contingencies

  • Chapter 4: Real Estate Finance

    • Sources of Mortgage Loans

    • Types of Mortgages and Loans

    • Loan Calculations (Interest, Principal, PITI)

    • Foreclosure and Other Remedies

    • Government Programs (FHA, VA)

  • Chapter 5: Real Estate Appraisal

    • Purpose and Principles of Appraisal

    • Appraisal Process and Approaches to Value (Sales Comparison, Cost, Income)

    • Factors Affecting Value

  • Chapter 6: Property Management and Leasing

    • Role of the Property Manager

    • Types of Leases

    • Landlord-Tenant Relationships

    • Property Maintenance and Operations

  • Chapter 7: Real Estate Math

    • Commissions, Loan Origination Fees, Discount Points

    • Prorations (Taxes, Insurance, Rent)

    • Area Calculations

    • Loan-to-Value (LTV) Ratios

  • Chapter 8: Fair Housing and Ethical Practices

    • Federal Fair Housing Act (Protected Classes)

    • Americans with Disabilities Act (ADA)

    • Ethical Conduct and Professional Standards

Part II: Texas-Specific Real Estate Law and Practice

  • Chapter 9: Texas Real Estate License Act (TRELA)

    • Texas Real Estate Commission (TREC): Powers and Duties

    • Licensing Requirements and Procedures

    • Unlicensed Activities

    • Violations and Penalties

  • Chapter 10: Texas Real Estate Broker-Lawyer Committee and TREC Forms

    • Approved Contract Forms and Addenda

    • Promulgated Forms Usage

    • Unauthorized Practice of Law

  • Chapter 11: Texas Agency Law and Disclosure Requirements

    • Information About Brokerage Services (IABS)

    • Intermediary Brokerage

    • Seller’s Disclosure Notice

    • Other Key Disclosures (Lead-Based Paint, MUDs, etc.)

  • Chapter 12: Texas Property Rights and Ownership

    • Community Property Law

    • Homestead Rights

    • Deeds and Conveyance of Title

    • Recording Statutes

  • Chapter 13: Texas Real Estate Finance and Lending

    • Texas Home Equity Loans

    • Texas Veterans Land Board Programs

    • Deed of Trust and Promissory Notes in Texas

  • Chapter 14: Special Texas Real Estate Topics

    • Condominiums and Cooperatives in Texas

    • Time Shares

    • Water Rights and Surface/Subsurface Rights in Texas

    • Foreclosure Process in Texas

    • Property Tax Laws in Texas

Part III: Practice Exams

  • Practice Exam 1: National Portion

    • (Questions with Answer Key and Detailed Explanations)

  • Practice Exam 2: Texas State Portion

    • (Questions with Answer Key and Detailed Explanations)

  • Comprehensive Practice Exam (National & State Combined)

    • (Questions with Answer Key and Detailed Explanations)

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Tags: Learningexpress Editors, Estate, Exam