Learning Objectives: When you have finished reading this unit, you will be able to list and describe the various careers available in the real estate industry; discuss the role of primary professional organizations, including the services and designations they offer the real estate practitioner and the ethical codes they establish; list and describe the different classifications and characteristics of real property; & explain the factors which influence and affect supply and demand in the real estate market.

Learning Objectives: When you have finished reading this unit, you will be able to discuss the concepts of land and ownership rights in real property; distinguish between real and personal property and the differences in transferring ownership and title; describe and explain the basic economic and physical characteristics of real property; & discuss the limitations of the real estate professional under the law.

Learning Objectives: When you have finished reading this unit on Land Use Controls, you will be able to explain the concept of police power and the provisions under which it protects the public health, safety, and welfare; explain zoning, ordinances, permits, and property use; define building codes as they relate to the requirements and restrictions placed on construction standards; explain the issues and regulations involved in subdivisions; explain non-governmental (private) land use restrictions: covenants, conditions, and restrictions (CC&Rs); describe the various laws and agencies which regulate land sales When you have finished reading this unit on Government Involvement, you will be able to explain the primary and secondary mortgage marketplaces, the roles of the parties in each, and the impact on the parties through government influence; describe the difference between conventional, government, and private loan programs available for real estate financing; describe the various alternative and special purpose loan programs which can meet a borrower’s special needs; explain the primary government regulations which govern real estate lending and provide consumer protection against unfair lending practices.

Learning Objectives : When you have finished reading this unit, you will be able to identify and explain the methods used for describing real estate; explain the process involved in identifying and measuring property rights including those above and below the surface.

Ownership of a parcel of real estate includes all or some of the bundle of rights, depending on the type of interest a person holds in the property. Even the most complete ownership the law allows may be limited by public and private restrictions. These restrictions are intended to ensure that one owner’s use and enjoyment of the property owned does not interfere with others’ use and enjoyment of their property or with the welfare of the general public. For example, a zoning ordinance might not allow a convenience store to be built in a residential neighborhood, a condo association bylaw might prohibit rental of a unit without board approval, and an easement allowing neighbors to use a property owner’s private beach might deter a future buyer of the property.

Match the following pictures with the appropriate terms.

Now that you have read through the introductory course materials and understand critical background information, these next units are grouped together so that you can learn important components related to selling real estate. The expectation is that you will read the assigned units in the text, practice course concepts with the supplemental materials provided, and then take the assessment as the end to test your understanding.

Although some owners of rental units manage their own properties (a real estate license is not required to do so), most rental properties are professionally managed. In many states, property managers are required to hold a real estate broker’s or property manager’s license. As with all real estate services, a real estate sales associate can only manage property with the consent of the employing broker and in the broker’s name. Real estate professionals should be knowledgeable about the local rental market to better assist prospective buyers who may need temporary housing, those who prefer to rent a home or cannot afford to purchase one, or investor-buyers, or to manage their own portfolios. In any case, anyone with an interest in rental property should be aware of the basic provisions of leases and management agreements, and other landlord-tenant issues.

Closing Transactions, Environmental Issues and Licensing laws.

Fair Housing Laws, Property Disclosures, Other Professional Practices

Now that you have learned the main concepts of this course, practice the application with these math problems.

This is your final Post-Assessment. Make sure you are prepared by going through the required lessons and quizzes in this course. You must complete all quizzes for course completion. A score of at least 70% or higher is required on this FINAL ASSESSMENT in order to pass this class. You may have up to 10 attempts before contacting your administration for special release if needed more than the allowable 10 attempts provided.

Refer back to this lesson once you have completed/passed all 4 courses and you are ready to take for your Real Estate Salesperson Exams. - There are 2 portions, 1 portion is the STATE portion and the other portion is the NATIONAL portion. A person may pass one at a time and schedule to re-take another portion. Click inside this lesson for more information.

Here you will find over 300 questions focused to help you pass your state and national salesperson exam. You will also find a page with some helpful websites and additional resources to help prepare you for the exams. These are not required to be implemented or completed to pass this class. These are simply intended for additional practice if needed and also some helpful websites that you will use during your real estate career.