Part 3 covers key concepts in property valuation, focusing on the appraisal process and market analysis tools used by real estate professionals. Key topics include:
- The Appraisal Process: Learn how appraisers determine a property’s value using different methods.
- Uses for Appraisals: Understand how appraisals are used for loans, insurance, and tax disputes.
- FIRREA and USPAP: Study the legal standards guiding appraisers to ensure ethical practices.
- Principles of Value: Explore core principles like substitution and contribution that impact property valuation.
- Comparative Market Analysis (CMA): Learn how to conduct a CMA to determine market value by comparing similar properties.
By the end of this chapter, you’ll be equipped with the tools to evaluate property values and perform effective market analysis.
Chapter 16
Chapter Overview: Understanding Property Valuation and Market Analysis
Lesson 1 of 85 within section Chapter 16.
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Unit 1 Introduction: The Appraisal Process
Lesson 2 of 85 within section Chapter 16.
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What Is an Appraisal? “The Price Is Right – But How?”
Lesson 3 of 85 within section Chapter 16.
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Getting It Straight “The Price Is Right – But How?”
Lesson 4 of 85 within section Chapter 16.
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Uses for Appraisals: “More Than Just a Price Tag”
Lesson 5 of 85 within section Chapter 16.
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Where Did Appraisals Come From?: A Quick History – “Where Did It All Start?”
Lesson 6 of 85 within section Chapter 16.
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FIRREA: “Safeguarding the Real Estate Market”
Lesson 7 of 85 within section Chapter 16.
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USPAP: “The Gold Standard for Appraisals”
Lesson 8 of 85 within section Chapter 16.
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The Appraisal Process: “How Property Value Comes to Life”
Lesson 9 of 85 within section Chapter 16.
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Highest and Best Use: “Making the Most Out of Property Potential”
Lesson 10 of 85 within section Chapter 16.
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Scenario: Highest And Best Use!
Lesson 11 of 85 within section Chapter 16.
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Lesson 12 of 85 within section Chapter 16.
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Lesson 13 of 85 within section Chapter 16.
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Scenario: Multiple Approaches
Lesson 14 of 85 within section Chapter 16.
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Lesson 15 of 85 within section Chapter 16.
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Lesson 16 of 85 within section Chapter 16.
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Appraiser Fees: “What You’re Paying For and Why”
Lesson 17 of 85 within section Chapter 16.
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Lesson 18 of 85 within section Chapter 16.
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Lesson 19 of 85 within section Chapter 16.
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Unit 2 Introduction: Principles of Value – “What Makes Property Valuable?”
Lesson 20 of 85 within section Chapter 16.
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Defining Value: “What’s It Really Worth?”
Lesson 21 of 85 within section Chapter 16.
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Scenario: The Gem Of Value
Lesson 22 of 85 within section Chapter 16.
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Price vs. Cost: “Two Sides of the Real Estate Coin”
Lesson 23 of 85 within section Chapter 16.
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Scenario: Theres A Price And Then Theres The Cost
Lesson 24 of 85 within section Chapter 16.
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Lesson 25 of 85 within section Chapter 16.
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Lesson 26 of 85 within section Chapter 16.
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Arm’s Length Transaction: “Keeping It Fair and Square”
Lesson 27 of 85 within section Chapter 16.
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Other Types of Value: “Beyond Market Value”
Lesson 28 of 85 within section Chapter 16.
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Characteristics of Value: “What Makes Property Valuable?”
Lesson 29 of 85 within section Chapter 16.
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The Physical Characteristics: “What Makes Land Special?”
Lesson 30 of 85 within section Chapter 16.
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Uniqueness: “No Two Parcels Are the Same”
Lesson 31 of 85 within section Chapter 16.
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Immobility: “You Can’t Move Land”
Lesson 32 of 85 within section Chapter 16.
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Indestructibility: “The Permanent Nature of Land”
Lesson 33 of 85 within section Chapter 16.
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Specific Property Factors: “What Gives a Property Its Unique Appeal?”
Lesson 34 of 85 within section Chapter 16.
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Location + Neighborhood: “Why Place Matters in Real Estate”
Lesson 35 of 85 within section Chapter 16.
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Characteristics Of Neighborhood: “What Shapes Where You Live?”
Lesson 36 of 85 within section Chapter 16.
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Lesson 37 of 85 within section Chapter 16.
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Lesson 38 of 85 within section Chapter 16.
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Progression: “Rising by Association”
Lesson 39 of 85 within section Chapter 16.
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Substitution: “The Art of Comparing for the Best Deal”
Lesson 40 of 85 within section Chapter 16.
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Scenario: Call In The Subs
Lesson 41 of 85 within section Chapter 16.
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Conformity: “Fitting in for Higher Value”
Lesson 42 of 85 within section Chapter 16.
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Lesson 43 of 85 within section Chapter 16.
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Anticipation: “Seeing Value Through Future Lenses”
Lesson 44 of 85 within section Chapter 16.
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Lesson 45 of 85 within section Chapter 16.
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Contribution: “What’s It Worth to the Overall Value?”
Lesson 46 of 85 within section Chapter 16.
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Contribution: Repairs – “Small Fixes, Big Value”
Lesson 47 of 85 within section Chapter 16.
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Lesson 48 of 85 within section Chapter 16.
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Increasing and Decreasing Returns: “When More is Too Much”
Lesson 49 of 85 within section Chapter 16.
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Scenario: Good Returns & Bad Returns
Lesson 50 of 85 within section Chapter 16.
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“Two for One: Understanding Assemblage and Plottage”
Lesson 51 of 85 within section Chapter 16.
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Scenario: Assemblage & Plottage
Lesson 52 of 85 within section Chapter 16.
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Lesson 53 of 85 within section Chapter 16.
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“Breaking Ground: Understanding Subdivision”
Lesson 54 of 85 within section Chapter 16.
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Lesson 55 of 85 within section Chapter 16.
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Lesson 56 of 85 within section Chapter 16.
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Unit 3 Introduction: Comparative Market Analysis (CMA)
Lesson 57 of 85 within section Chapter 16.
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“CMA Unplugged: What is a Comparative Market Analysis?”
Lesson 58 of 85 within section Chapter 16.
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Scenario: Licensees and CMAs
Lesson 59 of 85 within section Chapter 16.
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“Finding Comps for a CMA: The Secret Sauce of Pricing”
Lesson 60 of 85 within section Chapter 16.
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“Why Hasn’t My Home Sold?: Understanding Market Dynamics”
Lesson 61 of 85 within section Chapter 16.
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“Home Sold In 4 Days!: What They Teach Us About the Market”
Lesson 62 of 85 within section Chapter 16.
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“Market Conditions: The Pulse of Real Estate”
Lesson 63 of 85 within section Chapter 16.
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“Various Factors: Days on Market”
Lesson 64 of 85 within section Chapter 16.
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Lesson 65 of 85 within section Chapter 16.
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Lesson 66 of 85 within section Chapter 16.
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“Various Metrics Points Considered: Enhancing Real Estate Decisions”
Lesson 67 of 85 within section Chapter 16.
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“Pricing Properties: The Art and Science of Real Estate Valuation”
Lesson 68 of 85 within section Chapter 16.
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“Helping Sellers: Navigating the Real Estate Journey”
Lesson 69 of 85 within section Chapter 16.
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Scenario: Working With Sellers
Lesson 70 of 85 within section Chapter 16.
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“From The Seller’s POV: Understanding the Selling Process”
Lesson 71 of 85 within section Chapter 16.
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“Justifying the Price: Justifying Property Value”
Lesson 72 of 85 within section Chapter 16.
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Lesson 73 of 85 within section Chapter 16.
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“The Importance of Price to the Seller”
Lesson 74 of 85 within section Chapter 16.
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“The Importance of Price to the Buyer”
Lesson 75 of 85 within section Chapter 16.
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“Seller’s Piece of the Pie: Understanding Profit from a Home Sale”
Lesson 76 of 85 within section Chapter 16.
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“The Seller’s Share Effect : Understanding Your Profits”
Lesson 77 of 85 within section Chapter 16.
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“Usual Expenses: What Sellers Need to Know”
Lesson 78 of 85 within section Chapter 16.
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Scenario: Net To The Seller
Lesson 79 of 85 within section Chapter 16.
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Lesson 80 of 85 within section Chapter 16.
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Lesson 81 of 85 within section Chapter 16.
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Lesson 82 of 85 within section Chapter 16.
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Lesson 83 of 85 within section Chapter 16.
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Lesson 84 of 85 within section Chapter 16.
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You’ve Made It To Half Way Mark!
Lesson 85 of 85 within section Chapter 16.
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Chapter 18
Unit 1 Introduction: Sales Comparison Approach
Lesson 1 of 85 within section Chapter 18.
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“Cultivated in Market Activity: Understanding How Appraisals Reflect the Market”
Lesson 2 of 85 within section Chapter 18.
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“Substitution and the Typical Buyer: Understanding How Pricing Works”
Lesson 3 of 85 within section Chapter 18.
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“Searching For The Comps: How Appraisers and Agents Set a Fair Price”
Lesson 4 of 85 within section Chapter 18.
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“Comps: Same Market Area – Why Location Matters”
Lesson 5 of 85 within section Chapter 18.
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“Comps: Same Transfer Rights – Why Ownership Rights Matter”
Lesson 6 of 85 within section Chapter 18.
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“Comps: Arm’s Length Transaction – Why Fairness Matters in Comparisons”
Lesson 7 of 85 within section Chapter 18.
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“Adjusting Comparable Sales: How to Fine-Tune Property Comparisons”
Lesson 8 of 85 within section Chapter 18.
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“Adjusting Comparable Sales: Rules You Need to Know”
Lesson 9 of 85 within section Chapter 18.
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Scenario: Using the Sales Comparison Approaches
Lesson 10 of 85 within section Chapter 18.
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“Significant Feature or Condition: How Differences Affect Property Value”
Lesson 11 of 85 within section Chapter 18.
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“Significant Features: What Affects Property Value?”
Lesson 12 of 85 within section Chapter 18.
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Lesson 13 of 85 within section Chapter 18.
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Lesson 14 of 85 within section Chapter 18.
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“Mining the Value of Adjustments: How to Compare Property Values Accurately”
Lesson 15 of 85 within section Chapter 18.
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“Matched Pair Analysis: Comparing Properties to Determine Value”
Lesson 16 of 85 within section Chapter 18.
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“Sequence of Adjustments: How to Properly Adjust Comparable Sales”
Lesson 17 of 85 within section Chapter 18.
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“Sequence of Adjustments: Key Factors in Property Valuation”
Lesson 18 of 85 within section Chapter 18.
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Lesson 19 of 85 within section Chapter 18.
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“Limits on Adjustments: How Much Can You Adjust?”
Lesson 20 of 85 within section Chapter 18.
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Scenario: Unique Properties
Lesson 21 of 85 within section Chapter 18.
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Lesson 22 of 85 within section Chapter 18.
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Lesson 23 of 85 within section Chapter 18.
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Unit 2 Introduction: Cost Approach
Lesson 24 of 85 within section Chapter 18.
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“Using the Cost Approach: How to Calculate Property Value”
Lesson 25 of 85 within section Chapter 18.
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Lesson 26 of 85 within section Chapter 18.
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Scenario: Cost Approach Formula
Lesson 27 of 85 within section Chapter 18.
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“Replacement vs. Reproduction: Understanding the Difference in the Cost Approach”
Lesson 28 of 85 within section Chapter 18.
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“Estimating Cost: How to Determine the Value of a Property”
Lesson 29 of 85 within section Chapter 18.
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“Cost Manuals: A Guide to Estimating Construction Costs”
Lesson 30 of 85 within section Chapter 18.
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Lesson 31 of 85 within section Chapter 18.
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Lesson 32 of 85 within section Chapter 18.
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Scenario: How To Calculate Area
Lesson 33 of 85 within section Chapter 18.
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Lesson 34 of 85 within section Chapter 18.
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Scenario: How To Calculate Area
Lesson 35 of 85 within section Chapter 18.
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Scenario: How To Find Out Cost of The Structure
Lesson 36 of 85 within section Chapter 18.
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“Depreciation: How Time Affects Property Value”
Lesson 37 of 85 within section Chapter 18.
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“Depreciation: Physical Deterioration – How Wear and Tear Affects Property Value”
Lesson 38 of 85 within section Chapter 18.
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“Depreciation: Functional Obsolescence – When a Property Becomes Outdated”
Lesson 39 of 85 within section Chapter 18.
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“Depreciation: External Obsolescence – How Outside Factors Affect Property Value”
Lesson 40 of 85 within section Chapter 18.
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“Crunching The Numbers On Depreciation: How to Adjust Property Value Over Time”
Lesson 41 of 85 within section Chapter 18.
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“Calculating Depreciation: Age-Life Method – How Age Affects Property Value”
Lesson 42 of 85 within section Chapter 18.
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Lesson 43 of 85 within section Chapter 18.
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“Site Valuation: How to Determine the Value of Land”
Lesson 44 of 85 within section Chapter 18.
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“Site Valuation: How to Determine the Value of Land”
Lesson 45 of 85 within section Chapter 18.
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Scenario: The Missing Key To It All
Lesson 46 of 85 within section Chapter 18.
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Lesson 47 of 85 within section Chapter 18.
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Lesson 48 of 85 within section Chapter 18.
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Lesson 49 of 85 within section Chapter 18.
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Unit 3 Introduction: Income Approach
Lesson 50 of 85 within section Chapter 18.
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“Overview of the Income Approach: How to Value Income-Generating Properties”
Lesson 51 of 85 within section Chapter 18.
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“Data Needed: Essential Information for the Income Approach”
Lesson 52 of 85 within section Chapter 18.
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“Principle of Substitution: How Market Value is Determined”
Lesson 53 of 85 within section Chapter 18.
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“Principle of Anticipation: How Future Value Impacts Property Price”
Lesson 54 of 85 within section Chapter 18.
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Lesson 55 of 85 within section Chapter 18.
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“Income Approach Methods: How to Determine Property Value Based on Income”
Lesson 56 of 85 within section Chapter 18.
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“GRMs and GIMs: Methods for Valuing Income-Generating Properties”
Lesson 57 of 85 within section Chapter 18.
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“Deriving the Multiplier: How to Calculate GRM and GIM”
Lesson 58 of 85 within section Chapter 18.
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Lesson 59 of 85 within section Chapter 18.
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Lesson 60 of 85 within section Chapter 18.
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“Finding the Value: How to Estimate Property Worth Using Income Methods”
Lesson 61 of 85 within section Chapter 18.
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Scenario: Using Multipliers
Lesson 62 of 85 within section Chapter 18.
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Scenario: Additional Multipliers
Lesson 63 of 85 within section Chapter 18.
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Scenario: Scrapping The Ceilings Of GRM
Lesson 64 of 85 within section Chapter 18.
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“Capitalization Rate (Cap Rate): Understanding Property Valuation Based on Income”
Lesson 65 of 85 within section Chapter 18.
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“Capitalization Rate: IRV Formula – Understanding How Income Affects Property Value”
Lesson 66 of 85 within section Chapter 18.
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“Potential Gross Income (PGI): Understanding the Total Income of a Property”
Lesson 67 of 85 within section Chapter 18.
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“Various Income: Additional Revenue from a Property”
Lesson 68 of 85 within section Chapter 18.
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“Vacancy and Collection Losses: How Empty Units and Unpaid Rent Affect Property Income”
Lesson 69 of 85 within section Chapter 18.
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“Effective Gross Income (EGI): Understanding the Real Income of a Property”
Lesson 70 of 85 within section Chapter 18.
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“Operating Expenses: Understanding the Costs of Running a Property”
Lesson 71 of 85 within section Chapter 18.
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“Net Operating Income (NOI): Understanding Property Profitability”
Lesson 72 of 85 within section Chapter 18.
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Lesson 73 of 85 within section Chapter 18.
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Scenario: Operating Expenses
Lesson 74 of 85 within section Chapter 18.
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Lesson 75 of 85 within section Chapter 18.
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“Applying the IRV Formula: How to Calculate Property Value Using Income”
Lesson 76 of 85 within section Chapter 18.
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Lesson 77 of 85 within section Chapter 18.
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Scenario: The Scenario And Risk Associated
Lesson 78 of 85 within section Chapter 18.
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Lesson 79 of 85 within section Chapter 18.
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Lesson 80 of 85 within section Chapter 18.
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Scenario: Bringing It All Together
Lesson 81 of 85 within section Chapter 18.
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Lesson 82 of 85 within section Chapter 18.
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Lesson 83 of 85 within section Chapter 18.
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Lesson 84 of 85 within section Chapter 18.
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Lesson 85 of 85 within section Chapter 18.
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Chapter 19
Chapter 19: Chapter Overview: Government Interests, Zoning, and Environmental Issues in Real Estate
Lesson 1 of 84 within section Chapter 19.
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Unit 1 Introduction: Government Interests in Real Estate
Lesson 2 of 84 within section Chapter 19.
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“Police Power: How Governments Regulate Property for the Public Good”
Lesson 3 of 84 within section Chapter 19.
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“Eminent Domain: The Government’s Right to Take Private Property for Public Use”
Lesson 4 of 84 within section Chapter 19.
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“The reality of Eminent Domain: How It Affects Property Owners and Communities”
Lesson 5 of 84 within section Chapter 19.
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“Easement by Condemnation: When the Government Takes Land for Public Use”
Lesson 6 of 84 within section Chapter 19.
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Scenario: Easement by Condemnation
Lesson 7 of 84 within section Chapter 19.
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“Taxation: Understanding How Governments Tax Real Estate”
Lesson 8 of 84 within section Chapter 19.
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“Escheat: When Property Reverts to the State”
Lesson 9 of 84 within section Chapter 19.
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“Municipal Agencies: The Local Government’s Role in Real Estate”
Lesson 10 of 84 within section Chapter 19.
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“Planning Boards: Shaping the Future of Communities”
Lesson 11 of 84 within section Chapter 19.
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“Comprehensive Plan: Shaping the Future of a Community”
Lesson 12 of 84 within section Chapter 19.
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“Building Codes: Ensuring Safe and Legal Construction”
Lesson 13 of 84 within section Chapter 19.
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“Building Permits: Getting Permission to Build or Renovate”
Lesson 14 of 84 within section Chapter 19.
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“Moratoriums: Temporary Halts on Development”
Lesson 15 of 84 within section Chapter 19.
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Lesson 16 of 84 within section Chapter 19.
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Lesson 17 of 84 within section Chapter 19.
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Lesson 18 of 84 within section Chapter 19.
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“Building Inspections: Ensuring Safety and Compliance in Construction”
Lesson 19 of 84 within section Chapter 19.
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“Subdividing Land: Turning a Single Plot Into Multiple Lots”
Lesson 20 of 84 within section Chapter 19.
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“Demographic Studies: Understanding People and Their Communities”
Lesson 21 of 84 within section Chapter 19.
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“Environmental Impact: Understanding the Effects of Development on Our Planet”
Lesson 22 of 84 within section Chapter 19.
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“Site Plans: Designing the Blueprint for a Successful Development”
Lesson 23 of 84 within section Chapter 19.
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“Floodplains: Understanding Areas at Risk for Flooding”
Lesson 24 of 84 within section Chapter 19.
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“Plats: The Blueprint for Land Subdivision”
Lesson 25 of 84 within section Chapter 19.
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“Keep It in Mind: P-E-T-E”
Lesson 26 of 84 within section Chapter 19.
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Lesson 27 of 84 within section Chapter 19.
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Lesson 28 of 84 within section Chapter 19.
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Unit 2 Introduction: Restrictions on Land Use
Lesson 29 of 84 within section Chapter 19.
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“Zoning Ordinances: Regulating Land Use in Communities”
Lesson 30 of 84 within section Chapter 19.
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“Zoning in Your Town: How Local Zoning Laws Shape Communities”
Lesson 31 of 84 within section Chapter 19.
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Scenario: Zoning Overview
Lesson 32 of 84 within section Chapter 19.
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“Zoning Classifications: How Land Use is Organized”
Lesson 33 of 84 within section Chapter 19.
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“Nonresidential Zoning Classifications: How Businesses and Industry are Organized”
Lesson 34 of 84 within section Chapter 19.
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“Zoning Specifications: The Detailed Rules for Land Use”
Lesson 35 of 84 within section Chapter 19.
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Scenario: Legal Conforming Use
Lesson 36 of 84 within section Chapter 19.
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“Exceptions to Zoning Laws: When Rules Can Be Bypassed”
Lesson 37 of 84 within section Chapter 19.
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“Exceptions: Nonconforming Use – When Property Doesn’t Match Zoning Laws”
Lesson 38 of 84 within section Chapter 19.
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Scenario: Nonconforming Use
Lesson 39 of 84 within section Chapter 19.
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“Exceptions: Area Variance – Adjusting for Unique Property Features”
Lesson 40 of 84 within section Chapter 19.
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Lesson 41 of 84 within section Chapter 19.
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Lesson 42 of 84 within section Chapter 19.
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“Conditional Uses: When Zoning Allows Special Exceptions”
Lesson 43 of 84 within section Chapter 19.
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Scenario: Conditional Use
Lesson 44 of 84 within section Chapter 19.
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“Types of Zoning: How Land Use is Regulated in Your Community”
Lesson 45 of 84 within section Chapter 19.
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“Enforcing Zoning Ordinances: Ensuring Rules Are Followed”
Lesson 46 of 84 within section Chapter 19.
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“Private Restrictions: Limits Set by Property Owners or Developers”
Lesson 47 of 84 within section Chapter 19.
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“Recording Restrictions: Making Property Rules Official”
Lesson 48 of 84 within section Chapter 19.
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“HOA Cartel: Organizing Communities and Enforcing Rules”
Lesson 49 of 84 within section Chapter 19.
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Scenario: Private Restrictions
Lesson 50 of 84 within section Chapter 19.
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Lesson 51 of 84 within section Chapter 19.
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“Subdivision CC&Rs: Rules for the Neighborhood”
Lesson 52 of 84 within section Chapter 19.
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Scenario: Sub Restrictions
Lesson 53 of 84 within section Chapter 19.
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“Enforcing Restrictions: Making Sure the Rules Are Followed”
Lesson 54 of 84 within section Chapter 19.
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“Terminating Restrictive Covenants: How Property Rules Can Be Changed”
Lesson 55 of 84 within section Chapter 19.
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“The Duty of Reasonable Care: Keeping Others Safe”
Lesson 56 of 84 within section Chapter 19.
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Lesson 57 of 84 within section Chapter 19.
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Lesson 58 of 84 within section Chapter 19.
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Unit 3: Environmental Issues – Understanding the Impact on Property
Lesson 59 of 84 within section Chapter 19.
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“The EPA and Environmental Law: Protecting the Environment and Property”
Lesson 60 of 84 within section Chapter 19.
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“Authority Under CERCLA: Cleaning Up Contaminated Sites”
Lesson 61 of 84 within section Chapter 19.
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“Underground Storage Tanks: Protecting the Environment Below Ground”
Lesson 62 of 84 within section Chapter 19.
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“Brownfields: Revitalizing Contaminated Land”
Lesson 63 of 84 within section Chapter 19.
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“Environmental Site Assessments (ESAs): Understanding the Importance of Land Inspection”
Lesson 64 of 84 within section Chapter 19.
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Lesson 65 of 84 within section Chapter 19.
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Lesson 66 of 84 within section Chapter 19.
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“Innocent Landowner Immunity: Protecting New Owners from Past Contamination”
Lesson 67 of 84 within section Chapter 19.
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Lesson 68 of 84 within section Chapter 19.
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Lesson 69 of 84 within section Chapter 19.
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“Wetlands: Protecting Nature’s Filter”
Lesson 70 of 84 within section Chapter 19.
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“External and Internal Hazards: Understanding the Risks to Property and Safety”
Lesson 71 of 84 within section Chapter 19.
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“Asbestos Mitigation: Ensuring Safety in Older Buildings”
Lesson 72 of 84 within section Chapter 19.
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Lesson 73 of 84 within section Chapter 19.
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“Lead: Understanding the Risks and Safe Practices”
Lesson 74 of 84 within section Chapter 19.
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“Radon: Understanding the Silent Danger in Your Home”
Lesson 75 of 84 within section Chapter 19.
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“Carbon Monoxide: The Invisible Danger”
Lesson 76 of 84 within section Chapter 19.
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“Carbon Monoxide Mitigation: Preventing a Silent Killer”
Lesson 77 of 84 within section Chapter 19.
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“Mold: Understanding the Risks and How to Prevent It”
Lesson 78 of 84 within section Chapter 19.
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A Quick Recap(make sure to put answers here)
Lesson 79 of 84 within section Chapter 19.
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“Termites: The Silent Destroyers”
Lesson 80 of 84 within section Chapter 19.
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Lesson 81 of 84 within section Chapter 19.
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Lesson 82 of 84 within section Chapter 19.
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Lesson 83 of 84 within section Chapter 19.
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Lesson 84 of 84 within section Chapter 19.
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Chapter 20
Chapter 20 Overview: Settlement Fundamentals and Closing Costs
Lesson 1 of 48 within section Chapter 20.
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Unit 1: Introduction to Settlement Fundamentals
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“The Real Estate Settlement Procedures Act (RESPA): Protecting Consumers in Real Estate Transactions”
Lesson 3 of 48 within section Chapter 20.
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“Settlement Services: Ensuring a Smooth Real Estate Closing”
Lesson 4 of 48 within section Chapter 20.
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“RESPA: Settlement Services Providers and Consumer Protection”
Lesson 5 of 48 within section Chapter 20.
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“RESPA: Kickbacks and Consumer Protection”
Lesson 6 of 48 within section Chapter 20.
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“RESPA: Fee-Splitting and Unearned Fees – Protecting Consumers in Real Estate Transactions”
Lesson 7 of 48 within section Chapter 20.
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“RESPA: Legitimate Discounts or Rebates – What You Need to Know”
Lesson 8 of 48 within section Chapter 20.
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“RESPA: Affiliated Business Arrangements (AfBAs) – Understanding Relationships in Real Estate Transactions”
Lesson 9 of 48 within section Chapter 20.
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“RESPA: AfBA Compensation – Understanding How Payments Work in Affiliated Business Arrangements”
Lesson 10 of 48 within section Chapter 20.
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“RESPA: AfBA Disclosure – Transparency in Real Estate Transactions”
Lesson 11 of 48 within section Chapter 20.
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“RESPA: Penalties for Violations – Protecting Consumers from Unfair Practices”
Lesson 12 of 48 within section Chapter 20.
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“Real Estate Closing: The Final Step in Homeownership”
Lesson 13 of 48 within section Chapter 20.
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Settlement Officer: The Key Player in Real Estate Closings
Lesson 14 of 48 within section Chapter 20.
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Licensee’s Role at Closing: Guiding the Transaction to Completion
Lesson 15 of 48 within section Chapter 20.
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Scenario: The Walkthrough Prior to Close
Lesson 16 of 48 within section Chapter 20.
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Closing Documents in Real Estate Transactions
Lesson 17 of 48 within section Chapter 20.
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“Evidence of Title and Deed: Understanding Ownership in Real Estate”
Lesson 18 of 48 within section Chapter 20.
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“Documenting The Mortgage: Understanding the Documents Behind Your Loan”
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“The Closing Disclosure: Understanding the Final Financial Breakdown”
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Understanding the Closing Disclosure Document
Lesson 21 of 48 within section Chapter 20.
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Updated Closing Disclosure: What’s Changed and Why It’s Important
Lesson 22 of 48 within section Chapter 20.
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Lesson 23 of 48 within section Chapter 20.
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Payment of Commission in Real Estate Transactions
Lesson 24 of 48 within section Chapter 20.
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Lesson 25 of 48 within section Chapter 20.
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Lesson 26 of 48 within section Chapter 20.
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Unit 2 Introduction: Closing Costs and Settlement Calculations
Lesson 27 of 48 within section Chapter 20.
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Costs Associated with Settlement: Breaking Down the Numbers
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Typical Buyer Costs in Real Estate Transactions
Lesson 29 of 48 within section Chapter 20.
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Loan Estimate and Closing Disclosure: Key Documents in the Home-Buying Process
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Usual Seller Costs in Real Estate Transactions
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Transfer Tax: Understanding the Cost of Property Transfer
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Lesson 33 of 48 within section Chapter 20.
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Lesson 34 of 48 within section Chapter 20.
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Debits and Credits in Real Estate Transactions
Lesson 35 of 48 within section Chapter 20.
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Scenario: Debit Vs Credit
Lesson 36 of 48 within section Chapter 20.
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Prorated Expenses in Real Estate: What You Need to Know
Lesson 37 of 48 within section Chapter 20.
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Accrued Expenses: The Costs That Pile Up Before Closing
Lesson 38 of 48 within section Chapter 20.
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Prepaid Expenses: Paying Ahead for What’s Coming
Lesson 39 of 48 within section Chapter 20.
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Closing Time!: The Big Day for Buying Your Home
Lesson 40 of 48 within section Chapter 20.
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Step X Step To Calculate Prorations: Dividing Up the Costs Like a Pro
Lesson 41 of 48 within section Chapter 20.
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Divy up by Usage: Dividing Up Costs Based on Who Used What
Lesson 42 of 48 within section Chapter 20.
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Mortgage Interest Payment: Understanding How It Works
Lesson 43 of 48 within section Chapter 20.
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Borrower and Seller Bottom Line: The Final Financial Picture
Lesson 44 of 48 within section Chapter 20.
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Lesson 45 of 48 within section Chapter 20.
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Lesson 46 of 48 within section Chapter 20.
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Lesson 47 of 48 within section Chapter 20.
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Lesson 48 of 48 within section Chapter 20.
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Chapter 21
Chapter 21 Overview: Homeownership & Taxation
Lesson 1 of 57 within section Chapter 21.
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Unit 1 Introduction: Homeownership and Taxation
Lesson 2 of 57 within section Chapter 21.
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Tax Deductions (Our Favorite Term): Saving Money When You Own a Home
Lesson 3 of 57 within section Chapter 21.
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Digging Into Retirement Funds: Using Your Future Savings Today
Lesson 4 of 57 within section Chapter 21.
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Not Everything Can Be Deductable: Knowing What You Can’t Write Off
Lesson 5 of 57 within section Chapter 21.
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Selling Your Primary Residence: What You Need to Know
Lesson 6 of 57 within section Chapter 21.
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Section 121 Conditions: The Home Sale Exclusion Rules
Lesson 7 of 57 within section Chapter 21.
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Employment Change Up: Navigating Career Transitions
Lesson 8 of 57 within section Chapter 21.
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Health Considerations: Taking Care of Your Health While Navigating Life Changes
Lesson 9 of 57 within section Chapter 21.
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Things That Will Just Pop-up: Navigating the Unexpected
Lesson 10 of 57 within section Chapter 21.
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Exclusion Limits: How Much Can You Exclude from Your Taxes?
Lesson 11 of 57 within section Chapter 21.
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Lesson 12 of 57 within section Chapter 21.
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Lesson 13 of 57 within section Chapter 21.
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Property Tax Role: Funding Local Communities
Lesson 14 of 57 within section Chapter 21.
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Taxation For A Cause: How Taxes Improve Our Communities
Lesson 15 of 57 within section Chapter 21.
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Exempt Properties: What They Are and Why They Matter
Lesson 16 of 57 within section Chapter 21.
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Various Kinds of Property Taxes: Understanding How They’re Applied
Lesson 17 of 57 within section Chapter 21.
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Tax Assessor: The Person Who Determines Your Property’s Value for Taxes
Lesson 18 of 57 within section Chapter 21.
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Assessed Value: How Your Property’s Worth Affects Taxes
Lesson 19 of 57 within section Chapter 21.
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Lesson 20 of 57 within section Chapter 21.
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Tax Rates: How Much You Pay in Taxes
Lesson 21 of 57 within section Chapter 21.
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Property Tax Liens: What Happens When Property Taxes Go Unpaid
Lesson 22 of 57 within section Chapter 21.
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Equity: Understanding the Value You Have in Your Property
Lesson 23 of 57 within section Chapter 21.
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Lesson 24 of 57 within section Chapter 21.
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Lesson 25 of 57 within section Chapter 21.
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Unit 2 Introduction: Income Property
Lesson 26 of 57 within section Chapter 21.
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Commercial Real Estate: Understanding the Basics
Lesson 27 of 57 within section Chapter 21.
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Special Considerations for Commercial Property: What You Need to Know
Lesson 28 of 57 within section Chapter 21.
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Risk: Understanding the Potential Challenges in Real Estate
Lesson 29 of 57 within section Chapter 21.
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Market Risk: What You Need to Know
Lesson 30 of 57 within section Chapter 21.
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Other Types of Risk in Real Estate: Beyond Market Risk
Lesson 31 of 57 within section Chapter 21.
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Liquidity: Understanding How Easily You Can Access Your Money
Lesson 32 of 57 within section Chapter 21.
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Lesson 33 of 57 within section Chapter 21.
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Lesson 34 of 57 within section Chapter 21.
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Leverage: Using Other People’s Money to Boost Your Investment
Lesson 35 of 57 within section Chapter 21.
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Investment Goals: Setting Your Financial Path
Lesson 36 of 57 within section Chapter 21.
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Tax Shelters: How to Legally Reduce Your Taxes
Lesson 37 of 57 within section Chapter 21.
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Depreciation: A Tax Benefit for Property Owners
Lesson 38 of 57 within section Chapter 21.
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Statutory Recovery Period: What It Is and How It Works
Lesson 39 of 57 within section Chapter 21.
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1031 Exchanges: How to Defer Taxes on Real Estate Gains
Lesson 40 of 57 within section Chapter 21.
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Property Exceptions: What You Need to Know
Lesson 41 of 57 within section Chapter 21.
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A Dud: What It Is and Why It Matters in Real Estate
Lesson 42 of 57 within section Chapter 21.
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Qualified Intermediaries: Key Players in a 1031 Exchange
Lesson 43 of 57 within section Chapter 21.
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Lesson 44 of 57 within section Chapter 21.
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Lesson 45 of 57 within section Chapter 21.
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Unit 3 Introduction: Evaluating Performance in Real Estate
Lesson 46 of 57 within section Chapter 21.
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Cash Flow Model: Understanding Your Real Estate Income
Lesson 47 of 57 within section Chapter 21.
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“Net Operating Income: The Real Profit of Your Property”
Lesson 48 of 57 within section Chapter 21.
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“Cap Rate: The Secret Sauce for Real Estate Returns!”
Lesson 49 of 57 within section Chapter 21.
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Lesson 50 of 57 within section Chapter 21.
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“Cash Flow: The Money You Keep, Not Just the Money You Make!”
Lesson 51 of 57 within section Chapter 21.
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“Cash-on-Cash Return: The ROI of Your Real Estate Investment, in Simple Terms!”
Lesson 52 of 57 within section Chapter 21.
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Profit and Loss: The Real Numbers Behind Your Real Estate Success
Lesson 53 of 57 within section Chapter 21.
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Lesson 54 of 57 within section Chapter 21.
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Lesson 55 of 57 within section Chapter 21.
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Lesson 56 of 57 within section Chapter 21.
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Lesson 57 of 57 within section Chapter 21.
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Chapter 22
Chapter 22 Overview: Ethical Practices, Antitrust, and Consumer Protection in Real Estate
Lesson 1 of 83 within section Chapter 22.
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Unit 1 Introduction: Ethical Practices in Real Estate
Lesson 2 of 83 within section Chapter 22.
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“Don’t Judge a House by Its Listing: The Dangers of Misrepresentation”
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“Fooling No One: The Real Deal on Real Estate Fraud”
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“When Good Intentions Go Bad: The Truth About Constructive Fraud”
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“The Truth Behind the Walls: What You Need to Know About Material Facts”
Lesson 6 of 83 within section Chapter 22.
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Scenario: Misrepresentation
Lesson 7 of 83 within section Chapter 22.
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“All That Glitters Isn’t Always Gold: The Fine Line Between Opinions and Puffing”
Lesson 8 of 83 within section Chapter 22.
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“Who’s Responsible Here? The Real Deal on Liability in Real Estate”
Lesson 9 of 83 within section Chapter 22.
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Lesson 10 of 83 within section Chapter 22.
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“Adding Extra Sparkle: When Embellishment Goes Too Far in Real Estate”
Lesson 11 of 83 within section Chapter 22.
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Scenario: False Advertising
Lesson 12 of 83 within section Chapter 22.
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Lesson 13 of 83 within section Chapter 22.
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Lesson 14 of 83 within section Chapter 22.
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“The FTC: The Rulebook for Fair Play in Real Estate”
Lesson 15 of 83 within section Chapter 22.
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“Unfair Game: What Happens When Real Estate Practices Go Too Far”
Lesson 16 of 83 within section Chapter 22.
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“Don’t Buy the Lie: How Deception Can Destroy a Real Estate Deal”
Lesson 17 of 83 within section Chapter 22.
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“Let’s Be Real: Why Reasonableness Wins in Real Estate”
Lesson 18 of 83 within section Chapter 22.
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“The Truth Behind the Claims: Materiality and Substantiation in Real Estate”
Lesson 19 of 83 within section Chapter 22.
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“The Bait and Switch: Don’t Get Caught in the Trap”
Lesson 20 of 83 within section Chapter 22.
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“The Golden Rules of Real Estate: Living by the REALTOR® Code of Ethics”
Lesson 21 of 83 within section Chapter 22.
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“The Blueprint of Integrity: Understanding the Structure of the REALTOR® Code of Ethics”
Lesson 22 of 83 within section Chapter 22.
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“The First Nine: Building Trust from the Ground Up with the REALTOR® Code of Ethics”
Lesson 23 of 83 within section Chapter 22.
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“The Next Five: Mastering the Art of Ethical Real Estate with Articles 10-14”
Lesson 24 of 83 within section Chapter 22.
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“The Final Three: Closing the Deal with Ethics in Articles 15-17”
Lesson 25 of 83 within section Chapter 22.
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“Know Your Stuff: Why Competency is Key in Real Estate”
Lesson 26 of 83 within section Chapter 22.
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“Stay in Your Lane: Why Unauthorized Practice of Law Is a Big No-No in Real Estate”
Lesson 27 of 83 within section Chapter 22.
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Lesson 28 of 83 within section Chapter 22.
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Lesson 29 of 83 within section Chapter 22.
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Unit 2 Introduction: Antitrust in Real Estate – Playing Fair in the Market
Lesson 30 of 83 within section Chapter 22.
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“Fair Play: Why Antitrust Laws Are the MVP of a Competitive Market”
Lesson 31 of 83 within section Chapter 22.
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“The Sherman Antitrust Act: The Law That Keeps Business Fair Play”
Lesson 32 of 83 within section Chapter 22.
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“Playing by the Rules: Restraint of Trade and the Rule of Reason”
Lesson 33 of 83 within section Chapter 22.
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“The Clayton Antitrust Act: The Secret Weapon for Fair Competition”
Lesson 34 of 83 within section Chapter 22.
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“The FTC Act: The Market’s Watchdog for Fair Play”
Lesson 35 of 83 within section Chapter 22.
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“The FTC’s Unfairness Statement: Keeping Business Honest and Fair”
Lesson 36 of 83 within section Chapter 22.
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“Panic Selling: Don’t Let Fear Control the Market”
Lesson 37 of 83 within section Chapter 22.
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Lesson 38 of 83 within section Chapter 22.
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Lesson 39 of 83 within section Chapter 22.
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“Breaking the Rules: Illegal Practices in Real Estate You Need to Know”
Lesson 40 of 83 within section Chapter 22.
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“Price-Fixing: The Fast Track to Trouble in Real Estate”
Lesson 41 of 83 within section Chapter 22.
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Lesson 42 of 83 within section Chapter 22.
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“U.S. v. NAR Boards: A Big Court Case That Shook Real Estate”
Lesson 43 of 83 within section Chapter 22.
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“The Court’s Ruling: How Legal Decisions Shape Real Estate”
Lesson 44 of 83 within section Chapter 22.
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“U.S. v. Prince George’s County Board: When the Law Steps In to Protect Fair Housing”
Lesson 45 of 83 within section Chapter 22.
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“U.S. v. Long Island Board: Breaking Down Barriers in Housing”
Lesson 46 of 83 within section Chapter 22.
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“U.S. v. Foley: How Fair Housing Became a Legal Battle”
Lesson 47 of 83 within section Chapter 22.
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“Antitrust Awareness: Keep It Fair, Keep It Legal”
Lesson 48 of 83 within section Chapter 22.
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Lesson 49 of 83 within section Chapter 22.
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“Price-Fixing: Phrases That Can Land You in Hot Water”
Lesson 50 of 83 within section Chapter 22.
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“No Sharing: Why Allocating Customers or Territories is a Big No-No”
Lesson 51 of 83 within section Chapter 22.
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Scenario: Market Allocation
Lesson 52 of 83 within section Chapter 22.
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“Territory Allocation: Why Dividing the Market Is a Big Mistake”
Lesson 53 of 83 within section Chapter 22.
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Lesson 54 of 83 within section Chapter 22.
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Lesson 55 of 83 within section Chapter 22.
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“Allocating Trouble: Phrases You Should Never Use in Real Estate”
Lesson 56 of 83 within section Chapter 22.
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“Tie-In Trouble: Why Tying Agreements Are a No-Go in Real Estate”
Lesson 57 of 83 within section Chapter 22.
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Lesson 58 of 83 within section Chapter 22.
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“Affiliate Disclosure: The Fine Print You Can’t Ignore!”
Lesson 59 of 83 within section Chapter 22.
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“Boycotting: Putting Your Money Where Your Values Are!”
Lesson 60 of 83 within section Chapter 22.
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Lesson 61 of 83 within section Chapter 22.
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“Boycotting Service Providers: When the Market Gets Unfair”
Lesson 62 of 83 within section Chapter 22.
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“Invitation to Conspire: How Saying the Wrong Thing Can Lead to Big Trouble”
Lesson 63 of 83 within section Chapter 22.
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“Disparaging the Competition: Why Talking Trash in Real Estate Can Cost You”
Lesson 64 of 83 within section Chapter 22.
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“Civil Suits for Antitrust Violations: When Breaking the Rules Gets Costly”
Lesson 65 of 83 within section Chapter 22.
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“Criminal Penalties in Real Estate: Why Breaking the Law Can Land You in Jail”
Lesson 66 of 83 within section Chapter 22.
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“Avoiding Antitrust Violations: Keeping It Fair, Keeping It Legal”
Lesson 67 of 83 within section Chapter 22.
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Lesson 68 of 83 within section Chapter 22.
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Lesson 69 of 83 within section Chapter 22.
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Unit 3 Introduction: Consumer Protection – Safeguarding Fairness in Real Estate
Lesson 70 of 83 within section Chapter 22.
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“Ring, Ring… Who’s There? The National Do Not Call Registry and Why You Should Pay Attention”
Lesson 71 of 83 within section Chapter 22.
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“DNC or Not DNC: Why You Need to Register for the Do Not Call List”
Lesson 72 of 83 within section Chapter 22.
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“Established Business Relationship: When You Can Call Without Getting into Trouble”
Lesson 73 of 83 within section Chapter 22.
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“CAN-SPAM: Don’t Let Your Emails Go to the Spam Folder!”
Lesson 74 of 83 within section Chapter 22.
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Lesson 75 of 83 within section Chapter 22.
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A Quick Recap: Answers14015
Lesson 76 of 83 within section Chapter 22.
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“FACT Act: Keeping Your Clients’ Information Safe and Secure!”
Lesson 77 of 83 within section Chapter 22.
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“Gramm-Leach-Bliley: Protecting Privacy, Building Trust”
Lesson 78 of 83 within section Chapter 22.
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“Counting on Privacy: How to Protect Your Clients’ Data the Right Way!”
Lesson 79 of 83 within section Chapter 22.
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Lesson 80 of 83 within section Chapter 22.
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Lesson 81 of 83 within section Chapter 22.
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Lesson 82 of 83 within section Chapter 22.
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Lesson 83 of 83 within section Chapter 22.
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Chapter 23
Chapter 23 Overview: The Property Management Profession and Duties
Lesson 1 of 56 within section Chapter 23.
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Unit 1 Introduction: The Property Management Profession
Lesson 2 of 56 within section Chapter 23.
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“The Property Manager: Your Go-To Problem Solver in Real Estate!”
Lesson 3 of 56 within section Chapter 23.
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“The Dynamic Duo: Property Manager and Owner – A Relationship Built on Trust”
Lesson 4 of 56 within section Chapter 23.
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Scenario: Talking With Tenants
Lesson 5 of 56 within section Chapter 23.
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Scenario: Talking To Tenants
Lesson 6 of 56 within section Chapter 23.
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“Keeping the Owner Happy: The Property Manager’s Responsibilities”
Lesson 7 of 56 within section Chapter 23.
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“The Property Management Agreement: Setting the Ground Rules”
Lesson 8 of 56 within section Chapter 23.
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Scenario: Property Management Agreement
Lesson 9 of 56 within section Chapter 23.
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“Breaking Down the Property Management Agreement: The Building Blocks of a Successful Partnership”
Lesson 10 of 56 within section Chapter 23.
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“What Kind of Properties Do Property Managers Handle? Let’s Break It Down!”
Lesson 11 of 56 within section Chapter 23.
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Scenario: Residential Properties
Lesson 12 of 56 within section Chapter 23.
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“Property Management Companies: The Backbone of Real Estate Success”
Lesson 13 of 56 within section Chapter 23.
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“Breaking It Down: The Different Divisions of Property Management”
Lesson 14 of 56 within section Chapter 23.
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“Going Solo: The Life of a Solo Property Manager”
Lesson 15 of 56 within section Chapter 23.
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“Inside the Management Office: Running the Show Behind the Scenes”
Lesson 16 of 56 within section Chapter 23.
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“Maintenance Magic: Keeping Properties in Tip-Top Shape”
Lesson 17 of 56 within section Chapter 23.
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“Covering Your Bases: Insurance and Risk Management in Property Management”
Lesson 18 of 56 within section Chapter 23.
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“Ready for Anything: The Importance of Emergency Planning in Property Management”
Lesson 19 of 56 within section Chapter 23.
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“Beyond the Basics: Other Essential Responsibilities of a Property Manager”
Lesson 20 of 56 within section Chapter 23.
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“Climbing the Ladder: Property Management Designations You Should Know!”
Lesson 21 of 56 within section Chapter 23.
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Lesson 22 of 56 within section Chapter 23.
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Lesson 23 of 56 within section Chapter 23.
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Unit 2 Introduction: Property Manager Duties
Lesson 24 of 56 within section Chapter 23.
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“The Power of the Pitch: Creating a Winning Property Management Proposal”
Lesson 25 of 56 within section Chapter 23.
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“Making Sense of the Numbers: Understanding the Income Statement”
Lesson 26 of 56 within section Chapter 23.
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Lesson 27 of 56 within section Chapter 23.
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Lesson 28 of 56 within section Chapter 23.
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“Show Me the Money: Finding Cash Flow and Cash-on-Cash Return in Property Management”
Lesson 29 of 56 within section Chapter 23.
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“Beyond the Basics: Other Essential Responsibilities of a Property Manager”
Lesson 30 of 56 within section Chapter 23.
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“Beyond the Basics: Other Financial Reports Every Property Manager Should Know!”
Lesson 31 of 56 within section Chapter 23.
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“The Tenant Journey: Understanding the Tenancy Cycle”
Lesson 32 of 56 within section Chapter 23.
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“Ready, Set, Lease! A Property Manager’s Guide to Preparing to Lease”
Lesson 33 of 56 within section Chapter 23.
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“The Rent is Too… Just Right: Understanding Rent in Property Management”
Lesson 34 of 56 within section Chapter 23.
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“Rent Control: Keeping the Rent in Check”
Lesson 35 of 56 within section Chapter 23.
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“Selling Space: The Art of Advertising and Marketing Your Rental Property”
Lesson 36 of 56 within section Chapter 23.
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“Finding the Perfect Fit: How to Qualify Prospective Tenants”
Lesson 37 of 56 within section Chapter 23.
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“Fair Housing: Making Sure Everyone Has a Seat at the Table”
Lesson 38 of 56 within section Chapter 23.
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“The Application Process: The First Step to Finding the Perfect Tenant!”
Lesson 39 of 56 within section Chapter 23.
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“The Detective Work of Property Management: The Importance of Investigation”
Lesson 40 of 56 within section Chapter 23.
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“Furry Friends with a Purpose: Understanding Service and Support Animals”
Lesson 41 of 56 within section Chapter 23.
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“How Many is Too Many? Understanding Occupancy Standards in Property Management”
Lesson 42 of 56 within section Chapter 23.
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“The Application Process: Who Gets the Keys to the Castle?”
Lesson 43 of 56 within section Chapter 23.
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“The Security Net: Understanding Security Deposits in Property Management”
Lesson 44 of 56 within section Chapter 23.
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“What’s In the Box? The Power of Inventory Checklists in Property Management”
Lesson 45 of 56 within section Chapter 23.
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“Tenant Relations 101: Building Strong Connections for a Smooth Rental Experience”
Lesson 46 of 56 within section Chapter 23.
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“Shhh… Respecting the Peace: Understanding the Covenant of Quiet Enjoyment”
Lesson 47 of 56 within section Chapter 23.
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“Tenant Responsibilities: More Than Just Paying Rent!”
Lesson 48 of 56 within section Chapter 23.
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“The Landlord’s Job: Keeping Things Running Smoothly and Fairly”
Lesson 49 of 56 within section Chapter 23.
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“Eviction 101: When Tenants Have to Go”
Lesson 50 of 56 within section Chapter 23.
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“When the Lease Breaks: Understanding Constructive Eviction”
Lesson 51 of 56 within section Chapter 23.
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“Eviction: Beyond the Courtroom—Other Ways Tenants Can Be Removed”
Lesson 52 of 56 within section Chapter 23.
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Lesson 53 of 56 within section Chapter 23.
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Lesson 54 of 56 within section Chapter 23.
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Lesson 55 of 56 within section Chapter 23.
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Lesson 56 of 56 within section Chapter 23.
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Chapter 24
Chapter 24 Overview: Real Estate Licensing and Regulatory Compliance
Lesson 1 of 76 within section Chapter 24.
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Unit 1 Introduction: Laws, Rules, and the Real Estate Examining Board
Lesson 2 of 76 within section Chapter 24.
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“The Law: Your Rulebook for Life—Why We Need It and How It Works”
Lesson 3 of 76 within section Chapter 24.
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“Where Do Laws Come From? Uncovering the Sources of Law”
Lesson 4 of 76 within section Chapter 24.
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“Behind the Scenes: How Administrative Agencies Make the Rules”
Lesson 5 of 76 within section Chapter 24.
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“The Department of Safety and Professional Services: Keeping Things Legal and Safe”
Lesson 6 of 76 within section Chapter 24.
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“Who’s Watching the Professionals? The DSPS and Its Big List of Regulated Jobs”
Lesson 7 of 76 within section Chapter 24.
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“The Real Estate Examining Board: The Gatekeeper to Your Real Estate Career”
Lesson 8 of 76 within section Chapter 24.
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Lesson 9 of 76 within section Chapter 24.
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Lesson 10 of 76 within section Chapter 24.
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“Board Membership: Who’s Behind the Curtain Making the Big Calls?”
Lesson 11 of 76 within section Chapter 24.
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“Board Duties and Powers: The Wisconsin Real Estate Police”
Lesson 12 of 76 within section Chapter 24.
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“The Council Crew: Who’s Behind the Scenes Making Big Decisions?”
Lesson 13 of 76 within section Chapter 24.
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“The Council on Real Estate Curriculum and Examinations: Crafting the Roadmap to a Real Estate Career”
Lesson 14 of 76 within section Chapter 24.
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“The Real Estate Contractual Forms Advisory Council: The Architects of Your Property Paperwork”
Lesson 15 of 76 within section Chapter 24.
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Lesson 16 of 76 within section Chapter 24.
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Lesson 17 of 76 within section Chapter 24.
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Unit 2 Introduction: Obtaining and Maintaining a License
Lesson 18 of 76 within section Chapter 24.
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“License to Thrive: Exploring the Different Real Estate License Categories”
Lesson 19 of 76 within section Chapter 24.
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“Broker Power: What a Broker Actually Does (Hint: It’s More Than Just Signing Papers!)”
Lesson 20 of 76 within section Chapter 24.
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“Broker Exemptions: When You Don’t Need a Broker’s License (But You Still Get the Job Done!)”
Lesson 21 of 76 within section Chapter 24.
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“Business Entity Licensing: How Your Real Estate Business Gets Official”
Lesson 22 of 76 within section Chapter 24.
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“Competency to Transact: Why Real Estate Professionals Need to Know Their Stuff!”
Lesson 23 of 76 within section Chapter 24.
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“License to Competent: The Requirements You Need to Succeed in Real Estate!”
Lesson 24 of 76 within section Chapter 24.
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“Get Your Real Estate Game On: Education Requirements for Salesperson Licensure in Wisconsin!”
Lesson 25 of 76 within section Chapter 24.
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“Broker 101: How to Level Up to a Broker License in Wisconsin!”
Lesson 26 of 76 within section Chapter 24.
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“The Big Exam: What You Need to Know to Pass Your Real Estate Test!”
Lesson 27 of 76 within section Chapter 24.
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“Experience Counts: The Road to Broker Licensure and Why You Need the Right Experience!”
Lesson 28 of 76 within section Chapter 24.
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“Criminal Convictions: How Your Record Can Affect Your Real Estate License”
Lesson 29 of 76 within section Chapter 24.
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“Real Estate Without Borders: What Nonresident Applicants Need to Know About Wisconsin Licensing!”
Lesson 30 of 76 within section Chapter 24.
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“Nonresident Licensees: How to Work in Wisconsin Real Estate from Anywhere!”
Lesson 31 of 76 within section Chapter 24.
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“Reciprocal Licensing: Crossing State Lines Without Missing a Beat!”
Lesson 32 of 76 within section Chapter 24.
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“Endorsement Applicants: The Shortcut to Real Estate Licensing in Wisconsin!”
Lesson 33 of 76 within section Chapter 24.
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“Teamwork Makes the Dream Work: Association with a Firm in Wisconsin Real Estate”
Lesson 34 of 76 within section Chapter 24.
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“Switching Teams: What You Need to Know About Changing Your Real Estate Association in Wisconsin”
Lesson 35 of 76 within section Chapter 24.
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“When the Team Breaks Up: What Happens When a Firm’s License is Suspended or Revoked in Wisconsin?”
Lesson 36 of 76 within section Chapter 24.
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Lesson 37 of 76 within section Chapter 24.
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“Employee vs. Independent Contractor: The Real Estate Team Roles You Need to Know!”
Lesson 38 of 76 within section Chapter 24.
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“Flying Solo: What It Means to Be an Independent Contractor in Wisconsin Real Estate”
Lesson 39 of 76 within section Chapter 24.
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“Don’t Let Your License Expire: Keep Your Real Estate Career on Track in Wisconsin!”
Lesson 40 of 76 within section Chapter 24.
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“Never Stop Learning: Why Continuing Education is Key to Your Real Estate Career in Wisconsin”
Lesson 41 of 76 within section Chapter 24.
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“Oops, I Forgot to Renew: What Happens When Your License Expires in Wisconsin!”
Lesson 42 of 76 within section Chapter 24.
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“Oops, I Missed the Deadline! How to Reinstate Your Expired License in Wisconsin”
Lesson 43 of 76 within section Chapter 24.
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Lesson 44 of 76 within section Chapter 24.
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Lesson 45 of 76 within section Chapter 24.
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Unit 3 Introduction: Cooperation with Out-of-State Brokers
Lesson 46 of 76 within section Chapter 24.
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“Big Deals, Big Moves: Navigating Commercial Transactions in Real Estate”
Lesson 47 of 76 within section Chapter 24.
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“Out-of-State Brokers: How Wisconsin Lets You Play in Their Real Estate Game!”
Lesson 48 of 76 within section Chapter 24.
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“Crossing State Lines: How Out-of-State Brokers Represent Commercial Buyers or Tenants in Wisconsin!”
Lesson 49 of 76 within section Chapter 24.
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“Teamwork Across States: How Cooperative Agreements Work in Wisconsin Real Estate”
Lesson 50 of 76 within section Chapter 24.
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“Know the Limits: What Out-of-State Brokers Can’t Do in Wisconsin!”
Lesson 51 of 76 within section Chapter 24.
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“Playing by the Rules: What Out-of-State Brokers Can’t Do When Representing Buyers or Tenants in Wisconsin”
Lesson 52 of 76 within section Chapter 24.
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Lesson 53 of 76 within section Chapter 24.
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Lesson 54 of 76 within section Chapter 24.
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“Irrevocable Consent: Giving Your ‘Yes’ for Good in Wisconsin Real Estate”
Lesson 55 of 76 within section Chapter 24.
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“Keep the Paper Trail: Why Maintaining Documents is Key in Real Estate”
Lesson 56 of 76 within section Chapter 24.
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“Show Me the Money: How Out-of-State Brokers Get Paid in Wisconsin!”
Lesson 57 of 76 within section Chapter 24.
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“Selling Across State Lines: What Out-of-State Salespersons Need to Know in Wisconsin!”
Lesson 58 of 76 within section Chapter 24.
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“Watch Out for the Fine Print: The Penalties for Breaking Real Estate Rules in Wisconsin!”
Lesson 59 of 76 within section Chapter 24.
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Lesson 60 of 76 within section Chapter 24.
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Lesson 61 of 76 within section Chapter 24.
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Unit 4 Introduction: Disciplinary Action in Real Estate
Lesson 62 of 76 within section Chapter 24.
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“When Things Go Wrong: How Violations Are Investigated in Wisconsin Real Estate”
Lesson 63 of 76 within section Chapter 24.
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“When Things Go Wrong: How Complaints Work in Wisconsin Real Estate”
Lesson 64 of 76 within section Chapter 24.
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“Tick-Tock! Know the Time Limits for Complaints in Wisconsin Real Estate”
Lesson 65 of 76 within section Chapter 24.
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“Breaking the Rules: Grounds for Disciplinary Action in Wisconsin Real Estate”
Lesson 66 of 76 within section Chapter 24.
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Lesson 67 of 76 within section Chapter 24.
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“When One Penalty Isn’t Enough: Grounds for Additional Sanctions in Wisconsin Real Estate”
Lesson 68 of 76 within section Chapter 24.
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“The Color Line: What Happens When You Encourage or Discourage Transactions Based on Race in Wisconsin”
Lesson 69 of 76 within section Chapter 24.
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“The Comeback: Can You Get Your Real Estate License Back After Revocation in Wisconsin?”
Lesson 70 of 76 within section Chapter 24.
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“Breaking the Rules: The Consequences of Unlicensed Activities in Wisconsin Real Estate”
Lesson 71 of 76 within section Chapter 24.
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Lesson 72 of 76 within section Chapter 24.
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Lesson 73 of 76 within section Chapter 24.
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Lesson 74 of 76 within section Chapter 24.
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Lesson 75 of 76 within section Chapter 24.
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Lesson 76 of 76 within section Chapter 24.
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