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Area 1 – Property
Ownership and Land Use
Area 5-Transfer of Property
Controls and
Regulations
Approximately 9% of sales exam & 10%
of broker exam
Approximately
18% of sales exam & 15% of broker exam
Classes
of property
Title Insurance
Property
characteristics
Deeds
Encumbrances
Escrow
Types
of ownership
Reports
Descriptions
of property
Tax aspects
Government
rights in land
Special processes
Public
controls
______________________________________________
Environmental
hazards and regulations
Area 6 – Practice of Real Estate and
Private
controls
Mandated Disclosures
Water
rights
approximately 24% of sales exam & 27% of broker exam
Special
categories of land
__________________________________________________
Trust account management
Area 2 – Laws of Agency Fair housing laws
Approximately
12% of sales exam & 12% of broker exam
Truth in advertising
Record keeping requirements
Law,
definition and nature of agency relationships,
Agent supervision
Types of agencies, and agents
Permitted activities of unlicensed sales assistants
Creation
of agency and agency agreements
DRE jurisdiction and disciplinary actions
Responsibilities
of agent to seller/buyer as principal
Licensing, continuing education requirements
Disclosure
of agency
and procedures
Disclosure
of acting as principal or other interest
California Real Estate Recovery Fund
Termination
of agency
General Ethics
Commission
and fees
Technology
__________________________________________________
Property management/landlord-tenant rights
Area 3 – Valuation
and Market Analysis
Commercial/industrial/income properties
Approximately
12% of sales exam & 11% of broker exam
Specialty areas
Transfer disclosure statement
Value
Natural hazard disclosure statements
Methods
of estimating value
Material facts affecting property value
__________________________________________________
Need for inspection and obtaining/verifying
Area
4 – Financing
information
Approximately
13% of sales exam & 13% of broker exam
________________________________________________
Area 7 - Contracts
General
concepts
Approximately 12% of sales exam & 12% of broker exam
Types
of loans
General
Sources
of financing
Listing agreements
How
to deal with lenders
Buyer broker agreements
Government
programs
Offers/purchase contracts
Mortgages/deeds
of trust/notes
Counteroffers/multiple counteroffers
Financing/credit
laws
Leases
Loan
brokerage
Agreements
Promissory notes/securities
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