Vocab flashcards, split by unit.

Introduction to Real Estate

Markets, licensing, supply & demand

Real Property and the Law

Land, fixtures, and the bundle of rights

Concepts of Home Ownership

Equity, insurance, and tax benefits

Agency Relationships

Fiduciary duties, disclosure, dual agency

Real Estate Brokerage

Compensation, antitrust, marketing rules

Brokerage Agreements

Listing types, CMA, MLS, statute of frauds

Limitations on Ownership

Easements, estates, government powers

Forms of Ownership

Severalty, co-ownership, condos, trusts

Legal Descriptions

Metes and bounds, surveys, lot and block

Taxes and Liens

Priority, assessments, tax sales

Real Estate Contracts

Formation, types, discharge, remedies

Transfer of Title

Deeds, wills, voluntary & involuntary

Title Records

Recording, notice, title insurance

License Act Administration

IDFPR, designated agency, discipline

Mortgage Principles

Theories, foreclosure, security instruments

Financing Practice

Loan types, secondary market, TILA/RESPA

Leasing & Landlord-Tenant

Leaseholds, eviction, tenant rights

Property Management

Agreements, risk, ADA, insurance

Land Use Controls

Zoning, subdivision, building codes

Fair Housing & Ethics

Protected classes and illegal practices

Environmental Issues

Hazards, CERCLA, Superfund liability

Closing the Transaction

Prorations, TRID, settlement statements

Real Estate Mathematics

Area, interest, and investment metrics