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