| Real Estate Exam Prep (General) |
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Who should take Exam Prep?
The VanEd Real Estate Exam Prep course represents an excellent opportunity to prepare for the state exam. Anyone who is preparing for the entry level state exam should consider taking the exam prep.
Topic Review
We have identified eight key topic areas that should be reviewed prior to taking the real estate licensing exam. For each topic, we present a brief summary of the main points that you must understand and then a short exam to test your knowledge. The topic areas are: Agency, Contracts & Agency, Fair Housing, Finance & Settlement, Property Assessment, Property Management, Terminology, Valuation
Summary Exams
VanEd's Exam Prep Summary exam is a comprehensive test of your real estate knowledge, and closely matches the general portion of the licensing exam given around the country. The exam consists of 80 questions that are drawn randomly from our pool of more than 300 questions. Each time you take the exam, you will see a significant number of new questions, so we encourage you to take it as many times as you like.
Upon completion of each exam the student is provided a list of questions that are missed, an analysis by category of exam questions, and an overall score for the exam. After more than one exam has been completed, a summary of all of the results of all of the completed exams is available.
| Example exam results - Statistics |
The reporting is designed to provide a student with the topic areas where additional study might be appropriate.
What are the categories that will be covered in each exam?
The categories and number of questions associated with each exam are as follows:
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Property Ownership
-Classes of Property -Land Characteristics and Property Descriptions -Encumbrances -Types of Ownership Land Use Controls and Regulations -Goverment Rights in Land -Public Controls Based in Police Power -Private Controls Valuation and Market Analysis -Value -Methods of Estimating Value -Competitive Market Analysis -Transactions Requiring Formal Appraisal Financing -General Concepts -Types of Loans -Sources of Loan Money -Government Programs -Mortgages / Deeds of Trust -Financing / Credit Laws Laws of Agency -Law, Definition, and Nature of Agency Relationship -Common Types of Agency Agreements in Real Estate -Agency Duties -Disclosure of Agency -Commission and Fees Mandated Disclosures -Property Condition Disclosure Forms -Material Facts Contracts -General Knowledge of Contract Law -Offers/Purchase Agreements -Counteroffers/Multiple Counteroffers -Leases as Contracts -Recission and Cancellation Agreements / Other Contracts Transfer of Property -Title Insurance -Deeds -Escrow or Closing -Tax Aspects -Special Processes (e.g. Probate, Foreclosure) Practice of Real Estate -Fair Housing Laws -Advertising and Misrepresentation -Agent Supervision -Ethical Issues -Broker/Salesperson Agreements Real Estate Calculations -General Math Concepts -Property Tax Calculations (not Prorations) -Lending Calculations -Calculations for Transactions -Calculations for Valuation -Mortgage Calculations Specialty Areas -Property Management and Landlord/Tenant -Subdivisions -Commercial Property/Income Property -Business Opportunities |
7 7 6 7 10 7 10 6 10 6 5 |
| TOTAL | 80 questions |