Overall Exam Score: 90%
Category | Pass Rate | Questions Given | Correct Answers |
---|---|---|---|
Property Ownership | 86% | 7 | 6 |
Classes of Property | 2 | 2 | |
Land Characteristics and Property Descriptions | 2 | 2 | |
Encumbrances | 1 | 1 | |
Types of Ownership | 2 | 1 | |
Land Use Controls and Regulations | 100% | 7 | 7 |
Goverment Rights in Land | 1 | 1 | |
Public Controls Based in Police Power | 5 | 5 | |
Private Controls | 1 | 1 | |
Valuation and Market Analysis | 67% | 6 | 4 |
Value | 2 | 1 | |
Methods of Estimating Value | 2 | 2 | |
Competitive Market Analysis | 1 | 1 | |
Transactions Requiring Formal Appraisal | 1 | 0 | |
Financing | 86% | 7 | 6 |
General Concepts | 0 | 0 | |
Types of Loans | 1 | 0 | |
Sources of Loan Money | 1 | 1 | |
Government Programs | 2 | 2 | |
Mortgages / Deeds of Trust | 1 | 1 | |
Financing / Credit Laws | 2 | 2 | |
Laws of Agency | 90% | 10 | 9 |
Law, Definition, and Nature of Agency Relationship | 1 | 1 | |
Common Types of Agency Agreements in Real Estate | 1 | 1 | |
Agency Duties | 4 | 3 | |
Disclosure of Agency | 1 | 1 | |
Commission and Fees | 3 | 3 | |
Mandated Disclosures | 100% | 7 | 7 |
Property Condition Disclosure Forms | 2 | 2 | |
Material Facts | 5 | 5 | |
Contracts | 90% | 10 | 9 |
General Knowledge of Contract Law | 4 | 4 | |
Offers/Purchase Agreements | 1 | 1 | |
Counteroffers/Multiple Counteroffers | 1 | 1 | |
Leases as Contracts | 3 | 3 | |
Recission and Cancellation Agreements / Other Contracts | 1 | 0 | |
Transfer of Property | 83% | 6 | 5 |
Title Insurance | 0 | 0 | |
Deeds | 1 | 0 | |
Escrow or Closing | 2 | 2 | |
Tax Aspects | 1 | 1 | |
Special Processes (e.g. Probate, Foreclosure) | 1 | 1 | |
Practice of Real Estate | 80% | 10 | 8 |
Fair Housing Laws | 3 | 1 | |
Advertising and Misrepresentation | 2 | 2 | |
Agent Supervision | 1 | 1 | |
Ethical Issues | 1 | 1 | |
Broker/Salesperson Agreements | 1 | 1 | |
Real Estate Calculations | 100% | 6 | 6 |
General Math Concepts | 0 | 0 | |
Property Tax Calculations (not Prorations) | 1 | 1 | |
Lending Calculations | 1 | 1 | |
Calculations for Transactions | 2 | 2 | |
Calculations for Valuation | 1 | 1 | |
Mortgage Calculations | 1 | 1 | |
Specialty Areas | 100% | 4 | 4 |
Property Management and Landlord/Tenant | 1 | 1 | |
Subdivisions | 1 | 1 | |
Commercial Property/Income Property | 1 | 1 | |
Business Opportunities | 1 | 1 |